646% Return In 2-Years: Small Cap Stock Declares Record Date For Final Dividend

Small cap stock from cables sector, Dynamic Cables Ltd has set August 2, 2023 as the record date for final dividend of Rs. 0.50/- per equity share of Rs 10 each for the financial year ended March 31, 2023. Dynamic Cables shares offered return of 210% in last 1-year and 101% in last 3-months. Check details below:

Dynamic Cables Sets Record Date For Dividend: As per the BSE filing of Dynamic Cables, "In terms of Regulation 42 of Listing Regulations read with Section 91 of the Companies Act, 2013 including rules made thereunder, Wednesday, August 02, 2023 has been fixed as the Record date for the purpose of forthcoming 16th Annual General Meeting and Dividend."

Board of directors of Dynamic Cables on May 23 recommended final dividend of Rs. 0.50 /- per Equity Share i.e. 5% per Equity Share of Rs. 10 each for the financial year ended March 31, 2023 subject to approval of shareholders at the ensuing Annual General Meeting of the Company. The above dividend, if approved/ declared by the shareholders at the ensuing AGM will be credited/ dispatched within 30 days from the date of the AGM.

Dynamic Cables Stock Performance & Return: Last trading price of Dynamic Cables share is Rs 345.10 per share with intraday fall of 3.05% as of July 7, 2023. The stock's 52-week high price is Rs 376.95 per share and 52-week low price is Rs 104.45 per share, respectively. It has a market capitalisation of Rs 759.70 crore.

Dynamic Cables Financial Performance: The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 179.61 crore, up 12.77% as against it last quarter total income of Rs 159.26 crore. It announced its latest quarter net profit after tax at Rs 9.98 crore.

Dynamic Cables About: Dynamic Cables is one of the leading wire and cable manufactures in India. Since its inception, It has grown in market access and has become one of the most preferred and trusted manufacturer and suppliers of cables and conductors for private and government clients globally. With over 35 years of experience, it has been successfully catering to the energy & power sector of India and beyond, according to its official website.

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