1 Petrochemical Sector Stock To Consider Dividend Payment, 1 Stock To Pay 175% Dividend
Leading petrochemicals sector stock Kama Holdings Ltd is all set to hold a meeting on August 22 to consider the proposal of interim dividend. One steel sector stock APL Apollo Tubes Ltd. is scheduled to pay dividend.
Leading petrochemicals sector stock Kama Holdings Ltd is all set to hold a meeting on August 22 to consider the proposal of interim dividend. Meanwhile, steel sector stock APL Apollo Tubes Ltd. is scheduled to pay dividend to its stock holders soon. Check key details below:
Kama Holdings To Hold Meeting For Considering Proposal of Interim Dividend
The board of directors of the company in their regulatory filing stated, "A meeting of the Board of Directors is scheduled to be held on Monday, the 22nd August, 2022 for, interalia, considering a proposal for declaration of interim dividend for the financial year 2022-23 on Equity Shares. The Interim Dividend, if declared, would be paid to members whose names appear on the Register of Members and the beneficial owners as per details received from National Securities Depository Limited and Central Depository Services (India) Limited, as on the Record Date i.e. Tuesday, the 30th August, 2022. Pursuant to the Code of Conduct to Regulate, Monitor and Report Trading by Insiders framed in accordance with the Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the window for trading in the shares of the Company by the Designated Persons & Directors will be closed from Wednesday August 17, 2022 till Wednesday August 24, 2022 (both days inclusive). This is for your information and records."
Kama Holdings Stock Outlook
The current market price of the stock is Rs 12408 apiece on BSE with the 52-week high at Rs 12,888 and 52-week low at Rs 8310 apiece, respectively. It has a market capitalization of Rs 8,006.92 crore. The mid cap company has given multibagger returns. The stock has given 325 return in last 5 years, 165% return in last 3 years, and 31% in last 1 year.
About Kama Holdings Ltd
The company is engaged in the business of holding long-term investments in its subsidiaries. Its key segments include technical textiles business, chemicals business, packaging film business and others.
APL Apollo Tubes Ltd Fixes Record Date For Dividend
The board of directors of the company in its BSE filing stated, "The Dividend for the financial year ended 31st March 2022 of Rs 3.5 per share (175%) on 25,02,80,500 fully paid Equity Shares of Rs. 2/- each, as recommended by the Board of Directors, if declared at the AGM, will be credited/despatched within 30 days of the conclusion of AGM after deduction of tax as per the provisions of Income-tax Act, 1961, to those Members whose names are borne on the Register of Members of the Company on September 5, 2022 or to their mandatees. In respect of shares held by the Members in dematerialised form, dividend will be credited/despatched on the basis of details of beneficial ownership to be received from the depositories for this purpose.
The board of directors also said, "The Dividend, if declared at the Annual General Meeting, will be paid after 12" September, 2022, to the Members whose names are recorded in the Company's Register of Members or as Beneficial Owners in the records of the Depositories on 5"" September 2022 or to their mandates.
APL Apollo Tubes Ltd Stock Outlook
The current market price of the stock is Rs 1061 apiece with 52-week high of Rs 1146 apiece and 52-week low of Rs 742 apiece, respectively. The market capitalization of the stock is Rs 26,578.54 crore.
APL Apollo Tubes Ltd About
APL Apollo Tubes Limited (APL Apollo) is a renowned manufacturer of branded steel products. Its multi-product offerings include over 1100 varieties of MS Black pipes Galvanized Tubes Pre-Galvanized Tubes Structural ERW Steel tubes and Hollow Sections.