Engineering Stock Fixes Record Date For Interim Dividend, Shares Rise 790% In 5 Years

Board of GMM Pfaudler Ltd has fixed record date for Interim Dividend. It is one of the biggest manufacturers of glass-lined equipment in India. It is the Indian subsidiary of US based Pfaudler. It is also engaged in the manufacturing of Wiped Film Evaporators, Agitated Nutche Filters, Hi efficiency Mixing systems, PTFE lined equipment, etc.

The mid cap company has a market capitalisation of Rs 7,994 crore. Check key takeaways below:

1. GMM Pfaudler Ltd Sets Record Date For Interim Dividend

The board of directors of GMM Pfaudler has fixed record date for interim dividend. According to the company's regulatory filing, "In terms of Regulation 29 of the SEBI Listing Regulations, this is to inform you that a meeting of the Board of Directors of GMM Pfaudler Limited ("the Company") is scheduled to be held on Thursday, November 3, 2022 to consider and approve inter-alia the following: 1. Unaudited Standalone Financial Results and Consolidated Financial Results for the quarter and half year ended September 30, 2022. 2. Payment of interim dividend for the financial year 2022-23, if any. Record date for the payment of interim dividend, if any, shall be November 14, 2022."

The record date for interim dividend is November 14, 2022.  

2. GMM Pfaudler Ltd Stock Outlook

The last trading price of GMM Pfaudler is Rs 1823 apiece with an intraday decline of 1.48%. The 52-week high is Rs 2110 and 52-week low is Rs 1249 apiece, respectively.

3. GMM Pfaudler Ltd 5-Years Return

The stock has given a return of 790% in last 5-years, 285% in last 3-years, and in 3-months the return is 24%.