300% Dividend: Engineering Co Declares Record Date, Shares Jump 42% In 30-Days

Small cap company operating in Engineering sector, Praj Industries Ltd fixed July 18, 2024 as the record date for final dividend of Rs 6/- per equity share of the face value of Rs 2 each for the FY ended March 31, 2024. Current market price of Praj Industries share on BSE is Rs 741.80 per share. The company has a market capitalisation of Rs 13,635.25 crore. Praj Industries shares offered return of 97% in last 1-year and gained 107% in last 2-years. Check details below:

Praj Industries Sets Record Date For Dividend, To Hold AGM on July 25: The company on Tuesday fixed July 18 as the record date for dividend. As per the BSE filing issued on July 2, "Notice is hereby given that the Thirty Eighth (38 th) Annual General Meeting (AGM) of the Members of Praj Industries Limited will be held on Thursday, the 25 th July, 2024 through Video Conferencing/Other Audio Video Visual Means (VC/OAVM) at 10:00 a.m. (IST)."
The Final Dividend, if approved by the Members at the 38th AGM scheduled to be held on Thursday, 25th July, 2024, will be paid to the Members by 23rd August, 2024, added the BSE filing.

Praj Industries Dividend: As per the BSE filing of Praj Industries issued as on May 30, "This is to inform you that the Board of Directors of the Company at their meeting held today i.e. on 30th May, 2024, inter-alia proposed a final dividend of Rs 6/- per equity share @300% of the face value of Rs 2 each, for the financial year ended 31st March, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting scheduled to be held on 25th July, 2024."

Praj Industries Dividend History: Praj Industries announced 27 dividends since September 11, 2002. In last 1-year, Praj Industries announced an equity dividend amounting to Rs 4.50 per share. At the current share price of Rs 741.80, Praj Industries offers a dividend yield of 0.60%, according to Trendlyne.

Shareholding: FII/FPI have increased holdings from 17.37% to 18.87% in March 2024 quarter. Number of FII/FPI investors increased from 157 to 165 in March 2024 quarter. Mutual Funds have increased holdings from 11.95% to 13.01% in March 2024 quarter. Institutional Investors have increased holdings from 30.47% to 32.56% in Mar 2024 quarter, as per Trendlyne report.

Praj Industries Share Performance: The 52-week high price of Praj Industries share on BSE is Rs 758.55 per share (as on 02/07/2024) and 52-week low price is Rs 365.85 per share (as on 05/07/2023), respectively. Praj Industries shares gained 38% in last 3-months, soared 36% in last 6-months, offered return of 102% in last 3-years, and surged 435% in last 5-years.

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