7 Quality Stocks That Announce Special Dividend, Bonus Issue & Share Buyback, Buy Now?

With a flat market trend, Nifty closed at 18,403.40 points today. Here, 7 stocks have been listed that have announced interim dividends, share buybacks, and bonus issues. Check details to invest.

Pavna Industries

The board of Pavna Ind announced 2nd Interim Dividend of 10% (Rs. 1/- per share), after announcing its quarterly results. The stock's current market price stood at Rs. 171.05 a piece on NSE. The company's total income in Q2 FY23 stood at Rs. 23571 lakh, up from Rs. 19261.89 lakh in the earlier quarter, the company informed. But, its profit before tax in Q2 FY23 fell to Rs. 240.91 lakh, from Rs. 947.88 lakh in Q1 FY23.

Family Care Hospital

The board of Family Care Hos announced Interim Dividend Rs. 0.05 per Equity Share of Rs.10/- each, after announcing its quarterly results. The stock's current market price stood at Rs. 14.70 a piece on NSE. The company's total income in Q2 FY23 stood at Rs. 1,162.84 lakh, up from Rs. 1,148.27 lakh in the earlier quarter, the company informed. But, its profit before tax in Q2 FY23 gained to Rs. 197.18 lakh, from Rs. 176.02 lakh in Q1 FY23.

Panama Petrochem

The board of Panama Petrochem announced Interim Dividend Rs. 3 Per Equity Share of Rs. 2 each (150%), after announcing its quarterly results. November 24, 2022 has been fixed as the record date, and the interim dividend shall be paid on December 6, 2022. The stock's current market price gained to Rs. 317.95 a piece on NSE. The company's total income in Q2 FY23 stood at Rs. 463.47 crore, up from Rs. 437.57 crore in the earlier quarter, the company informed. But, its profit before tax in Q2 FY23 fell to Rs. 70.07 crore, from Rs. 72.44 crore in Q1 FY23.

Panchsheel Organics Ltd.

The board of Panchsheel Organics Ltd. announced Interim Dividend Rs. 0.05 per Equity Share of Rs.10/- each, after announcing its quarterly results. The stock's current market price stood at Rs. 14.70 a piece. The company's total income in Q2 FY23 stood at Rs. 1,162.84 lakh, up from Rs. 1,148.27 lakh in the earlier quarter, the company informed. But, its profit before tax in Q2 FY23 gained to Rs. 197.18 lakh, from Rs. 176.02 lakh in Q1 FY23.

G M Polyplast

The board of G M Polyplast announced issue of Bonus Share (6:1) in the ratio 6 fully paid-up equity shares for every 1 (One) existing full paid-up equity share held by the shareholders, subject to the approval of the members of the company, i.e. issue upto 1,15,36,800 equity shares of Rs. 10 each as bonus shares of an aggregate nominal value up to Rs. 11,53,68,000 as bonus shares to the shareholders of existing fully paid equity shares of Rs. 10. The stock's current market price stood at Rs. 787.85 a piece, up by 5% in trade.

Softsol India

The board of Softsol India proposed for buyback of fully paid up equity shares of the Company having a face value of Rs. 10, at a price of Rs. 170 per Equity Share ("Buyback Offer Price"), payable in cash, for an aggregate amount not exceeding Rs. 35,00,00,000. The stock's current market price stood at Rs. 149.50 a piece.

Technocraft Ind

Technocraft Ind announced buyback of fully paid up Equity Shares of Face Value of Rs. 10 each up to 15,00,000 Equity Shares of the Company for an aggregate amount not exceeding Rs. 150,00,00,000 (Buyback Size), being 6.13% of the total paid-up equity share capital, at a price of not exceeding Rs. 1,000 per Equity Share. The stock's current market price stood at Rs. 870 a piece, on NSE, up by 5%.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates recent stock-related information about the companies.