After 1:10 Bonus Issue, Small Cap Stock To Trade Ex-Dividend On Nov 24, YTD Return 170%

The share price of Ddev Plastiks will remain in focus on Friday, as the company will trade ex-dividend tomorrow. On Thursday, Ddev Plastiks shares closed 0.81% lower at Rs 202.45 per share. One should note that the company earlier this year the company had also announced bonus share in the ratio of 1:10 and the ex-bonus date was June 30, 2023.

It is worth mentioning that the bonus issue is mostly seen as a positive sign for the financial health of a company. It indicates that the company is making profits and has enough cash to issue bonus shares. This usually makes a stock look attractive to investors, which ultimately leads to an increase in its share price.

In the last one year, the stock has delivered impressive returns of 154.69%. Ex-dividend usually denotes a stock that trades without carrying the value of the next dividend payment. The ex-dividend date is the day the stock begins trading and the value of its next dividend payment. Tomorrow is an important date for Ddev Plastiks shareholders.

Usually, the ex-dividend date for a stock is one business day prior to the record date, indicating that an investor who purchases the stock on its ex-dividend date or afterward will not be entitled to receive the declared dividend.
In an exchange filing on November 14, 2023, the company said: "As informed vide the Outcome of 05" of 2023-24 Board meeting, filed on 12.11.2023, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors have at its meeting held on Sunday, the 12 day of November 2023 approved the payment of Interim Dividend of Rs. 0.50p (Fifty paise Only) per full paid-up Equity Share of Re. 1/- each (@50%) which shall be paid within the statutory timeline i.e. 30 days from the date of its declaration."

About Ddev Plastiks: The company is involved in the manufacturing of plastic compounds for industrial use. The company's product portfolio comprises PVC compounds, PE compounds, masterbatches, footwear compounds, peroxide compounds, filler compounds, pipe compounds, and engineering compounds for white goods, automobiles, and electronic appliances, among others.

Is Ddev Plastiks a multibagger stock?

Ddev Plastiks is undoubtedly a small cap multibagger stock when its comes to its year-to-date (YTD) and last one year performance. In this year so far, the stock has gained 169.79%, while the last one year returns from Ddev Plastiks stock have gained 154.69%. The company has a market cap of 2,094.89 crore as of November 23, 2023.

Disclaimer:

The article just highlights important updates for the company's shareholders and the returns offered by the stock in last one year, 3 years, and YTD performance. The article should not be seen as a piece of recommendation to buy, sell or hold. The author has not done fundamental or technical analysis and has no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please do your own research before making any stock market investment and consult a professional advisor.