Small Cap Stock Declares Dividend Of Rs 3.5/Share, Announces Record Date, Scrip Rallies 8.78%

Dhampur Bio Organics Ltd. in its Board meeting held on Tuesday, April 25, 2023, recommended a dividend of Rs 3.5 per equity share of Rs 10 each for the financial year ended March 31st, 2023.

The Board also announced the record date for the same as June 23, 2023. The recommended dividend is subject to approval at the ensuing 3rd Annual General Meeting (AGM).

Dhampur Bio Organics Ltd. is a small-cap stock that operates in the Fast Moving Consumer Goods (FMCG) Sector in the Sugar industry. It has a market capitalisation of Rs 1,147.51 crore.

In an exchange filing on April 25, 2023, the company stated, "Recommendation of payment of dividend of Rs. 3.5 per equity share of Rs. 10 each for the financial year ended on March 31, 2023 subject to approval of shareholders at the ensuing 3rd Annual General Meeting."

It added, "The record date for the purpose of payment of Dividend for the financial year ended on March 31, 2023 shall be June 23, 2023."

Stock Outlook & Returns

The current market price (CMP) of Dhampur Bio Organics' stock is Rs.173.40 apiece, up 8.78% from the previous close of Rs 159.40 apiece.

The stock recorded its 52-week high on 19 December 2022 at Rs 229 apiece and 52-week low on 28 March 2023 at Rs 116.10 apiece, respectively.

It has given 11.% in a week. In 1 month it gained 36.77% and in 3 months it gained 3.94%. Since its listing, it has given a 3.18% positive return. It was listed on 8 September 2022.

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