Energy Sector Small Cap Stock Recommends Dividend, Gave 756% Robust Return In 3 Yrs

High Energy Batteries (India) Ltd. has recommended a dividend of Rs 3.50 per equity share for the financial year 2022-23. The recommended dividend is subject to approval by the shareholders of the company on Saturday, 24t June 2023, at Annual General Meeting (AGM).

The company is engaged in the business of manufacturing Hi-Tech batteries for use in the Army, Navy, Airforce and Launch Vehicles and also commercial batteries for Auto and Standby VRLA applications. This is a Small cap stock renewal energy sector stock having a market capitalisation of Rs 325.39 crore.

High Energy Batteries (India) recommends a Dividend of Rs 3.50/share

In an exchange filing to BSE, the company said, "The Board of Directors have recommended a Dividend of Rs. 3.50/- (Three Rupees Fifty Paise only) per Equity Share of Rs. 2/- each for the Financial Year 2022 - 23. The Dividend, if approved by the Members at the Annual General Meeting to be held on Saturday, the 24th June, 2023 will be deposited, subject to deduction of tax at source by Friday, 30th June, 2023."

Stock Overview

The stock last traded at Rs 365.20 apiece, up 0.23% from its previous close of Rs. 365.35 apiece. Its 52-week high is Rs 479.85 apiece, and the 52-week low is Rs 242 apiece, respectively.

The stock has given 5.58% positive return in 1 week, 16.57% in 1 month and 16.49% in 3 months, respectively. In 1 year it has given 12.28% positive return. In 3 years, the stock has given the highest 756.07% positive return. In 5 years it has given 297.82% positive return.

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