1:1 Bonus Issue, Dividend To Be Considered: Chemicals Stock Gains 310% In 1-Year

Small cap company operating in specialty chemicals industry, Tinna Rubber and Infrastructure Limited shares gained 1.21% in trade on May 3, 2024. The company has a market capitalisation of Rs 1539.17 crore.

Tinna Rubber has scheduled meeting of Board of Directors for May 27, 2024 to consider financial results and recommend final dividend, if any. Tinna Rubber shares zoomed 310% in last 1-year. More details below:

Tinna Rubber and Infrastructure To Consider Dividend, Financial Results: As per the regulatory filing of the company dated May 5, 2024, "a meeting of the Board of Directors of the Company will be held on Monday, May 27, 2024, inter alia, to consider the following items:-

a) To consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and year ending on March 31, 2024, along with Audit Report of the Statutory Auditors thereon; and

b) To consider and recommend final Dividend for the Financial Year 2023-24, if any."

Tinna Rubber and Infrastructure Dividend History: Tinna Rubber and Infrastructure Ltd announced 5 dividends since Sept. 23, 2014. In last 1 year, Tinna Rubber and Infrastructure Ltd. announced an equity dividend amounting to Rs 8.00 per share. If current share price of ₹898.55 is taken into perspective, Tinna Rubber and Infrastructure offers a dividend yield of 0.89%. Adjusting for Bonus/Splits the dividend yield is 0.61%, according to Trendlyne.

Tinna Rubber and Infrastructure Bonus History: Tinna Rubber and Infrastructure Ltd offered 1 bonus issue since September 15, 2023. The last Bonus that Tinna Rubber and Infrastructure declared was in the ratio of 1:1 with ex-date fixed as September 15, 2024.

Tinna Rubber and Infrastructure Stock Performance & Return: The 52-week high price of Tinna Rubber and Infrastructure share on BSE is Rs 943.00 apiece (as on 25/04/2024) and 52-week low price is Rs 168.50 apiece (as on 04/05/2023), respectively. Tinna Rubber shares gained 89% in last 6-months, jumped 415% in last 2-years, and offered whopping returns of 5280% in last 3-years.

Tinna Rubber About: Tinna Rubber And Infrastructure Limited, founded in 1987 under the leadership of Bhupinder Kumar Sekhri. It is expanding as a fully integrated company converting waste tyres into downstream value-added products. It sourced state-of-the-art technology from Japan and started automation of rubber compounding for manufacturing of footwear soling sheets, according to its official website.

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