Small Cap & Mid Cap Stocks Trading Near 52 Week High Recommends Rs 12/Share Dividend

Midcap Stock Linde India Ltd. and small-cap stock Gandhi Special Tubes Ltd in their Board Meeting held on 23 March 2023, recommended a dividend of Rs 12/share for the financial year 2022-23. Both the stocks are trading near their 52 week high. Check below to know more:

Gandhi Special Tubes Ltd.

Gandhi Special Tubes in their Board meeting held on May 23, 2023, recommended a dividend of Rs . 12/share i.e. 240% of Rs 5 each of the company for the financial year ended March 31, 2023.

The company in an exchange filing has said, "Recommended a Dividend of Rs. 12/- (240%) per equity share of Rs. 5/- each, lully paid-up of the Company, for the financial year ended March 31, 2023, for approval of the Members at the ensuing AGM. The payment of dividend, is subject to approval of the shareholders, at the AGM."

It added, "Fixed Friday, July 28 2023 as the record date for determining entitlement of members to final dividend for the financial year ended March 31, 2023. The dividend, if approved by the Shareholders will be paid on or before Tuesday, September 5, 2023."

Meanwhile, the stock of Gandhi Special Tubes last traded at Rs. 524.35 apiece, down 1.15% from its previous close. Its 52 week high of the stock is Rs. 637.55 apiece, and 52-week low is Rs. 311.60 apiece, respectively. It jumped 1.73% in 1 week. It gave 39.33% positive return in 1 year, 206.1% in 3 years and 33.2% in 5 years, respectively.

Linde India Ltd.

The Board of Directors of Linde India in their meeting held on May 23, 2023, recommended a total dividend of 120% i.e. Rs. 12/share of a special dividend of 75% i.e. Rs 7.50/share on 85,284,223 fully paid up equity share of Rs 10 each.

The company in an exchange filing said, "The Board of Directors of the Company has recommended a total dividend of 120% (i.e., Rs. 12.00/- per equity share) inclusive of a special dividend of 75% (i.e., Rs. 7.50 per equity share) on 85,284,223 fully paid up equity shares of Rs. 10/- each for the 15 months period 1 January 2022 to 31 March 2023."

Meanwhile, the share price of Linde India on Wednesday closed 3.31% higher at Rs. 3,998.85 apiece. Its 52 week high is Rs. 4,269.20 apiece and its 52-week low is Rs. 2,710 apiece, respectively. The stock jumped 1.55% in 1week. It gave 36.46% positive return in 1 year. In 3 years, it gave 704.27% multibagger return. In 5 years it gave 840.68% multibagger return.

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