Small Cap Stock With 535% Return In 3 Yrs Recommends Rs. 20/Share Dividend; Check Details

TCPL Packaging Ltd. in a Board meeting on Saturday, May 27, 2023, recommended a final dividend of Rs. 20/share on the equity shares of Re. 10 each for the financial year 2022-23.

The dividend is subject to approval of members at the upcoming Annual General Meeting (AGM). It is a small-cap packaging sector company having a market capitalisation of Rs. 1,351.94 crore.

Recommends Dividend

According to the regulatory filing by the Board of Directors of Elcid Investments Ltd., "that the final dividend of Rs. 20.00, for the financial year ended 31st March 2023 on Equity Shares of Re.10/- each, subject to the approval of members at the forthcoming Annual General Meeting, will be paid on or after Tuesday, 8th August 2023."

Stock Outlook

The stock last traded at Rs. 1,485.65 apiece, down 6.32% from its previous close of Rs. 1,585.85 apiece. Its 52 week low is Rs. 798.60 apiece and 52-week high is Rs. 1,802 apiece, respectively.

In the past 1 week, it fell 8.44%. It gave 67.5% in the 1 year. It gave 535.03% multibagger return in 3 years. In 5 years, it gave 185.73% positive return.

About - TCPL Packaging Ltd.

TCPL Packaging Ltd. manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. TCPL has also ventured into the flexible packaging industry, with the capability to produce printed cork-tipping paper, sleeves, laminates, and wrap-around labels.

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