Small-cap Debt Free Stock Declares Record Date For 100% 2nd Interim Dividend, Buy?

The management of Bhansali Engineering Polymers yesterday declared that they have approved a 100% 2nd interim dividend. The board has fixed its record date on Thursday, October 28. The board also confirmed that the dividend will be paid on or before November 8.

Bhansali Engineering Polymers informed NSE, (the company) "Approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September 2022, after the Limited Review by the Statutory Auditors; Declared 2nd Interim Dividend of Rs. 1 (100 %) per Equity Share (of the face value of Re. 1 each) for financial year 2022-23, subject to deduction of tax at source; Fixed, Thursday, 28th October, 2022 as the Record date for determining entitlement of shareholders to receive 2nd Interim Dividend for financial year 2022-23. The Interim Dividend will be paid on or before 8th November, 2022."

Bhansali Engineering Polymers - stock performance

The stock performance of the small-cap company has been down in the last one year. However, from October 2021 to October 2022, its share price surged sharply. But later, the stock started to fall on NSE. The current market price of Bhansali Engineering Polymers stood at Rs. 110.20 down by 4.79%, on October 17, 22 on NSE. In the last 1 month its share price has fallen by 12.02%, and in the last 6 months its share price fell by 20.49%. Similarly, in the last 1 year its share price fell by 45.47%.

The 52-week high level of this stock is Rs. 204.65, and the 52-week low level of this stock is Rs. 98. This small-cap company has a market capitalization of Rs. 1,828 crore. Value Research informs that Bhansali Engineering is a debt-free stock.

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