This Multibagger Small Cap Aerospace And Defence Stock To Turn Ex-Dividend Tomorrow; Zooms 30% In 3-Sessions

Shares of Taneja Aerospace and Aviation in trade on May 18 zoomed by as much as 9.41% on the NSE to Rs. 141.9. At day's high, the stock hit a price of Rs. 142.65 per share. Since Friday's close of Rs. 109.15, the stock in just sessions made remarkable gains to the tune of 30%.

The company's 1-year returns are at 324%, while its YTD return is at 17%.

The shares of the aircraft manufacturing concern hit the upper circuit for the second consecutive day today, but later pared gains by a tad.

The company in its recently held board meet announced interim dividend of Rs. 2, against which the stock shall trade ex-dividend on May 19 and the record date for the same to ascertain shareholders eligibility for the dividend is May 21, 2022.

As per the exchange filing, the company has given out the dividend payment date as on on or before June 13, 2022.

As of March 31, 2022, the celebrated investor Porinju Veliyath holds 1.2% stake in the firm.