Small Cap Hitech Group Company Announces Record Date For Dividend

Board of directors of small cap packaging sector company, Hitech Corporation fixed July 1 as the record date for 10% dividend. Hitech Corporation shares witnessed a rally of 16% in last 2-weeks. Last trading price of Hitech Corporation share is Rs 224.75 per share on BSE. Check details below:

Hitech Corporation Sets Record Date For Dividend: As per the BSE filing of Hitech Corporation, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has fixed Saturday, July 1, 2023 as the Record Date for ascertaining the eligibility of the shareholders to receive dividend for the financial year ended March 31, 2023 as recommended by the Board of Directors, if approved by the shareholders at the ensuing AGM."

Earlier, Board of Directors at its meeting held on Wednesday, May 17, 2023 had recommended a dividend @ Re. 1/- per share (i.e. 10%) on equity shares of face value of Rs.10/- each, subject to the approval of the shareholders at the ensuing 32nd Annual General Meeting ('AGM') of the Company scheduled to be held on Saturday, July 8, 2023.

Hitech Corporation Stock Performance & Return: Last trading price of Hitech Corporation share is Rs 224.75 apiece with intraday gain of 3.76%. Its 52-week high price is Rs 275.00 per share and its 52-week low price is Rs 153.85 per share, respectively. Its market capitalisation is Rs 386.02 crore. Hitech Corporation stock witnessed a surge of 22% in last 1-month, 17% in last 3-months, declined 8% in last 1-year, and gave return of 192% in last 3-years.

Hitech Corporation About: Hitech Corporation (formerly known as Hitech Plast) is a leading manufacturer of rigid plastic packaging and stands as the largest business of the Hitech Group. The company delivers durable, innovative and sustainable products, relying on a firm manufacturing prowess.

Disclaimer: The stock declared record date for dividend. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.