New 52-Week High: Small Cap Co Declares 1:1 Bonus Issue, 50% Dividend

Board of small cap company operating in Auto Ancillaries sector, NDR Auto Components Ltd on May 29 declared bonus share in the proportion of 1:1 and Rs 5 per equity share dividend for the financial year ended March 31, 2023. NDR Auto Components share traded new 52-week high on Tuesday. NDR Auto Components stock gave return of 123% in last 1-year. On May 29, shares of the company hit upper circuit. Check details below:

NDR Auto Components Declares Dividend: According to the exchange filing of the company, "Pursuant to Regulation 43 of the SEBI Regulations, the Board of Directors has recommended dividend@50% i.e. Rs. 5 per Equity share of Rs. 10/- each of the Company for the year ended 31st March, 2023. The dividend, after approval of the shareholders, shall be paid within 30 days of declaration."

NDR Auto Components Announces Bonus Share: According to the regulatory filing of the company, "Issue of 1 (one) Bonus Share for every 1 (one) Equity Share held by the Equity Shareholders of the Company as on 'Record Date'. The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals as may be required."

Record date for bonus & dividend: The record date for the purpose of Annual General Meeting, payment of Dividend and for determining eligible shareholders entitled to receive bonus shares is July 12, 2023.

NDR Auto Components Stock Performance & Return: Last trading price of NDR Auto Components stock is Rs 839.00 per share with intraday gain of 3.25% on BSE. NDR Auto Components stock 52-week high price is quoted at Rs 897.95 per share and 52-week low price is Rs 301.30 per share, respectively. The company has a market capitalisation of Rs 500.74 crore. NDR Auto Components shares gave return of 55% in last 3-months, 42% in last 6-months, 123% return in last 1-year, and a huge 278% return in last 2-years.

NDR Auto Components About: NDR Auto Components Limited(NACL) is a part of the Rohit Relan Group which traces it origins to the 1930s when its founder, Late Shri N.D.Relan,started out as a stockbroker in the financial services sector. In the eighties, the group diversified into an entirely new sector -automotive manufacturing - establishing itself as a premier manufacturer of auto components under the name of Bharat Seats Limited and Sharda Motor Industries Limited (SMIL), according to its official website.