Engineering Stock With 2844.06% Return In 3 Yrs Recommends Rs 10/share Dividend; Check Details

The Board of Directors of Lakshmi Automatic Loom Works Ltd. in a meeting held on Thursday, May 25, 2023, recommended a dividend of Rs. 10/share i.e. 100% for the financial year ended 31st March 2023. The share price of Lakshmi Automatic Loom Works in the past 3 years jumped 2844.06%, giving a multibagger return. This a microcap engineering sector company with a market capitalisation of Rs. 56.31 crore.

Dividend

According to the regulatory filing by the Board of Directors of Lakshmi Automatic Loom Works Ltd., "Pursuant to Regulation 30(4) of the SEBI (Listing Obligations and Disclosure - Requirements) Regulations, 2015, 'we write to inform you that the Board of Directors at their Meeting held on 25.05.2023 have recommended a dividend of Rs. 10 /- ( 10%) per equity share of Rs. 100/- each for the year ended 31.03.2023."

Stock Outlook

The share price of Lakshmi Automatic Loom Works closed 0.33% down at below Rs. 842/share. Its previous close was Rs. 844.80/share. The stock's 52 week high is Rs. 899.95/share and 52 week low is Rs. 513.20/share.

The stock jumped 3.95% in 1 month and 11.45% in 3 months, respectively. It jumped 31.99% in 1 year. In the past 3 years, the stock has given 2844.06% multubagger return. In 5 years, it has given 879.07% positive return.

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