Multibagger Returns In 6-Months: Small Cap Packaging Co Declares 150% Dividend

Small cap stock from packaging sector, Manaksia Ltd on June 3, 2023 recommended final dividend of Rs 3.00/- per equity shares for the financial year 2022-23. Last trading price of Manaksia Ltd share is Rs 176.10 per share with intraday jump of 3.96% on BSE on June 2. Check details below:

Manaksia Ltd Declares Dividend: According to the BSE filing of the company, "The Board of Directors of the Company at its meeting held today i.e. 3rd June, 2023, which commenced at 11:00 A.M. and concluded at 12:40 P.M. has inter alia recommended Final Dividend @ 150% (i.e. Rs. 3.00/- per equity shares having face value of Rs. 2/- each) on the equity shares of the Company for the Financial Year 2022-23 for the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company and the dividend will be paid within thirty days from the date of AGM provided the same is approved by the shareholders of the Company. The record date and the date of AGM for the year ended 31st March, 2023 shall be informed in due course."

Manaksia Ltd Stock Performance & Return: Last trading price of Manaksia Ltd is Rs 176.10 per share. Its 52-week high price is Rs 177.95 per share and 52-week low price is Rs 68.35 per share. Its market capitalisation is Rs 1,148.81 crore. Manaksia Ltd stock offered 127% return YTD, 93% return in last 1-year, 187% return in last 2-years, and 450% return in last 3-years.

Manaksia Ltd About: Manaksia has specialization in the manufacturing of packaging products (crowns, closures and metal containers), metal products and fast-moving consumer goods, among others. Its metal packaging products include crowns, roll-on pilfer-proof closures, expanded polyethylene liners as well as push-open, other metal containers, etc.