Small Cap Packaging Stock Declares Dividend, Trading 42% Down From 52-Week High

Board of small cap company operating in packaging sector, Ester Industries Ltd on Thursday recommended final dividend of 10%. Ester Industries share is currently trading 42% down from its 52-week high price of Rs 190.00 per share. Current market Ester Industries share is Rs 111.95 per share on BSE as of June 1, 2023. Check details below:

Ester Industries Ltd Declares Dividend: According to the BSE filing of the company, "Pursuant to the provisions of Regulation 30 and 43 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of Ester Industries Limited ("the Company"), in its meeting held today, i.e. 1st June, 2023, have recommended final dividend of Rs. 0.50 per equity share having face value of Rs. 5/- each (i.e. 10%) for the financial year ended on 31st March 2023, subject to the approval of the shareholders of the Company in the forthcoming Annual General Meeting. Information regarding Book closure / Record date and dividend payment date will be informed in due course of time."

Ester Industries Stock Performance & Return: The last trading price of Ester Industries stock is Rs 111.95 per share with intraday dip of 0.62%. Its 52-week high price is Rs 190.00 per share and 52-week low price is Rs 82.30 per share, respectively. It has a market capitalisation of Rs 931.51 crore. Ester Industries share witnessed a dip of 19% in last 1-year, again 19% in last 2-years, and gave return of 264%.

Ester Industries About: Backed by 30 years of industry expertise, Ester manufactures Polyester Films, Specialty Polymers and Engineering Plastic compounds, according to its official website.