Dividend, Bonus Share Next Week: Luggage Stock Slips 3.83%, Soars 414% In 2-Yrs

Small cap plastics sector stock, Safari Industries (India) Ltd shares witnessed a decline of 3.83% on October 23 and fell 4% in last 2-weeks. Safari Industries shares offered return of 890% in last 3-years. Board of directors of Safari Industries are all set to declare Q2 financial results, interim dividend, and bonus issue on November 1, 2023. Last trading price of Safari Industries share on BSE is Rs 4152.10 apiece. Check details below:

Board of Safari Industries To Consider, Approve Q2, Interim Dividend, Bonus Issue: As per the BSE filing of the company issued on October 18, 2023, "Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 1 st November 2023 inter alia to consider and approve amongst other matters:

1. The Un-audited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September 2023;

2. Declaration of Interim Dividend on equity shares for financial year 2023-24, if any.

3. Proposal for issuance of Bonus Shares to the equity shareholders of the Company, if any, subject to such approvals as may be required including the approval of the Board, Members at a general meeting or through postal ballot and further subject to such other statutory/regulatory approvals, as applicable.

4. Raising of funds which may include issue of equity shares and/or GDRs and/or ADRs and/or FCCBs, composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares, convertible securities or any other instrument or security including fully/partly convertible debentures through domestic and/or international offerings representing either equity shares or a combination of the foregoing in the course of domestic and/or international offerings through public issue and/or private placement and/or rights issue and/or preferential allotment and/or qualified institutions placement, subject to such approvals as may be required including the approval."

Safari Industries Stock Performance & Return: Last trading price of Safari Industries stock is Rs 4152.10 per share. Its 52-week high price is Rs 4535.00 per share and 52-week low price is Rs 1576.45 per share, respectively. The company's market capitalisation is Rs 9874.57 crore. Safari Industries shares declined 4% in last 2-weeks and over 1% in last 1-week. However, Safari Industries shares offered attractive returns over the years. Safari Industries stock rallied 145% YTD, gained 139%, surged 414% in last 2-years, and gained 508% in last 5-years. In last 10-years, Safari Industries stock witnessed a sharp rally of 6820%.

Safari Industries About: Safari Industries was started as a partnership firm in 1974 to manufacture plastic moulded luggage. Safari Industries (India) Ltd., which was incorporated on 6th July, 1980 took over the undertaking and business of Safari Industries w.e.f. 16th November, 1980. The company manufactures injection moulded plastic articles and vacuum formed plastic articles at its plants at Bombay and Halol Gujarat.

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