Multibagger Small Cap Metal Stock Revises Record Date For Interim Dividend: Check New Date

Indian Metals & Ferro Alloys Ltd is a small cap company with market capitalisation of Rs 1,268 crore. The company has revised record date for interim dividend from the previous November 2, 2022 to November 4, 2022. Check key takeaways below:

1. Indian Metals & Ferro Alloys Alters Record Date For Interim Dividend

The board of directors of the company stated in the BSE filing, "Further to our letter dated 27th October 2022 intimating record date under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors have revised the record date to 4th November 2022 instead of 2nd November 2022 for the purpose of Interim Dividend in compliance with Regulation 42(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015."

2. Indian Metals & Ferro Alloys Stock Outlook

The last trading price of the stock is Rs 235 apiece with 52-week high at Rs 514 and 52-week low at Rs 230 apiece, respectively.

3. Indian Metals & Ferro Alloys Return

The stock declined 29% in the last 5-years, gained 170% in last 3-years, and fallen 40% in last 1-year.

4. About Indian Metals & Ferro Alloys

Established in 1961 in the Eastern State of Odisha known for its rich natural resources, IMFA is India's leading fully integrated producer of value added ferro chrome with 190 MVA installed furnace capacity backed up by 204.55 MW captive power generation capacity (including 4.55 MW solar) and extensive chrome ore mining tracts.

Jindal Stainless and Shah Alloys are its leading customers, according to its official website.