Small Cap Engineering Stock Under Rs 60 Declares Record Date For Dividend

Small cap company operating in Engineering sector, Solitaire Machine Tools Ltd fixed June 26, 2023 as the record date for 15% final dividend for FY ended March 31, 2023. Solitaire Machine Tools shares witnessed a rally of over 2% till 12:01 pm to Rs 56.50 per share. Solitaire Machine Tools stock delivered 35% return in last 1-month only and 11% return in last 1-week period. Check details below:

Solitaire Machine Tools Fixes Record Date For Final Dividend: According to the BSE filing of the company, "Further pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Register of Member and Share Transfer Books of the Company will remain closed from Friday 23/06/2023 to Saturday 01/07/2023 (Both Days Inclusive) for taking record of the Members of the Company for the purpose of Annual General Meeting, E-Voting and Final Dividend, if declared for the financial year ended March 31, 2023. Accordingly, the said dividend, if approved by the Members at the AGM will be made payable to those members whose names stand on the Register of Members as on Thursday, 22nd June, 2023." June 26, 2023 has been fixed as the record date for dividend.

Solitaire Machine Tools Stock Performance & Return: Current market price of Solitaire Machine Tools stock is Rs 56.50 per share on BSE. Its 52-week high price is Rs 71.00 per share and 52-week low price is Rs 36.80 per share, respectively. The small cap company has a market capitalisation of Rs 25.66 crore. Solitaire Machine Tools shares jumped 33% in last 3-months, fell 8% in last 1-year, gave return of 45% in last 2-years, and offered 181% return in last 3-years.

Solitaire Machine Tools About: Solitaire Machine Tools Limited, a leading manufacturer of Precision Centerless Grinders, was incorporated in the year 1987 and was publicly listed on Bombay Stock Exchange (BSE) in the year 1993. Soltaire Machine Tools Ltd. is now a CRISIL Verified company. SMTL operates from its registered office in Mumbai. It has two manufacturing units in Vadodara, Gujarat (India), according to its official website.