Auto Ancillary Sector Small Cap Stock Recommends Dividend Of Rs 6/Share, In 3 Yrs Soars 375%

GNA Axles Ltd., an Auto Ancillary sector small-cap stock, held a Board meeting on Monday, where it recommended a dividend of Rs.6 per equity share on 2,14,65,400 equity shares of Rs. 10 each for the financial year 2022-23.

GNA Axles is a leading manufacturer of automotive transmission components. The company is engaged in the Business of manufacturing auto components for the four-wheeler industry, the primary product being Rear Axles, Shafts, Spindles & other Automobiles Components for sale in domestic and foreign markets.

Recommends Dividend of Rs. 6 Per Equity Share

According to an exchange filing by the Board of Directors of GNA Axles Ltd., "The Board of Directors while approving the annual accounts, has recommended a dividend of Rs. 6/- per equity share (Rupees Six Only per equity share) on 2,14,65,400 Equity shares of Rs. 10/- each for the financial year ended March, 31 2023."

Stock Outlook - Market Price, 52 Week Low/High & Returns

The stock of GNA Axles on NSE last traded at Rs.826.10 apiece, up 1.88% from its previous close of Rs 810.85 apiece. It traded the 52 week high at Rs. 953 apiece on 24 February 2023 and 52 week low at Rs. 464.80 apiece on 11 May 2022, respectively. It has a market capitalisation of Rs 1,773.26 crore.

The stock surged 4.86% in 1 week, 5,65% in 1 month and 16.49% in 3 months, respectively. It has given 49.12% positive return in 1 year. In the past 3 years, it has given a robust positive return of 374.63%. In 5 years it has given 48.81% positive return.

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