Auto Ancillary Stock Rises 450% In 3 Yrs, Board Recommends Rs. 2.20/Share Dividend; Know More

Hindustan Hardy Ltd. (Formally known as Hindustan Hardy Spicer Ltd.) in a Board meeting held on May 26, 2023, recommended a final dividend of Rs 2.20/share i.e. 22% on equity shares of the company of Rs. 10 each for the financial year 2022-23.

This is a Auto Ancillary sector microcap company. The company is in the business of designing and manufacturing Propeller Shafts and other accessories. The company has a market capitalisation of Rs. 42.90 crore.

22% Dividend

The Board of Directors of Hindustan Hardy Ltd. in an exchange filing has said, "recommended a dividend of Rs. 2.20/- per share (22%) on the Equity shares of the Company of Rs. 10/- each for the Financial year ended March 31, 2023."

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

On BSE, the current market price of the stock is Rs.287.65/share, down 2.14% from its previous close of Rs. 293.95/share. Its 52 week high is Rs. 293.95/share and 52 week low is Rs. 291/share, respectively. The stock surged 5.58% in the past 1 week. It gave 39.6% positive return in the past 1 year. In 3 years, it gave 450.53% multibagger return. While, in 5 years, it gave 133.29% positive return.

Disclaimer - The above-mentioned information is purely informational. The article should be treated as informational and not an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.