Special Dividend Soon? Small Cap Tyres Stock May Consider On Feb 2, Record Date Set

Small cap company operating in Tyres & Rubber Products, Goodyear India Ltd shares zoomed 0.59% intraday after it informed about the upcoming meeting of Board of Directors scheduled to take place February 2, 2024.

Last trading price of Goodyear India share on BSE is Rs 1344.55 apiece. Goodyear India shares zoomed 25% in last 1-year and rallied 38% in last 2-years. Earlier last year, Goodyear India declared final dividend of Rs 26.50 per share that traded ex-dividend on July 26, 2023. Check details below:

Goodyear India May Consider Dividend On Feb 2: As per the BSE filing of the company dated January 25, 2024, "a meeting of Board of Directors of the Company, is scheduled to be held on Friday, February 02, 2024, inter-alia to:

i) approve the unaudited Financial Results for the quarter ended December 31, 2023;

ii) consider the declaration of Special Interim Dividend for the Financial Year 2023-24, if any, on the equity shares of the Company."

Goodyear India Sets Record Date: The BSE filing further stated, "The special Interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company as on February 12, 2024, which is the Record Date fixed for the purpose pursuant to Regulation 42 of the SEBI (LODR), 2015"

Goodyear India Stock Performance & Return: The 52-week high price of Goodyear India shares on BSE is quoted at Rs 1451.10 apiece and 52-week low price is quoted at Rs 1017. 10 apiece, respectively. The company has a market capitalisation of Rs 3,101.41 crore, as per BSE data. Goodyear India shares declined 6.42% in last 6-months, zoomed 36% in last 3-years, and offered gain of 51% in last 5-years. In last 10-years, Goodyear India stock surged 266%.

Goodyear India Financials: The company announced a surge of 40% in its Q2 profit amid reduced raw material spending. The standalone profit surged to Rs 37.94 crore in the 3-months to September 30, up 40% as against Rs 27.1 crore declared an year ago. Rubber prices witnessed declined sequentially for 2nd consecutive quarter as production and consumption in China remained slow, according to analysts. The company's total expenses declined over 12% on the back of 30% fall in input costs as revenue declined nearly 10% to 6.90 billion rupees. The EPS soared to Rs 16.45 in September 2023 from Rs 11.75 in September 2022.

Goodyear India About: The company is named in honour of Charles Goodyear, who discovered the rubber vulcanization process in 1839. The company makes horseshoe pads, bicycle and carriage tyres, sealing rings for canning, fire hose and even rubber poker chips, according to its official website.

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