Mahindra Group's Midcap Stock Declares 23% Dividend, Stock Jumps 498.21% In 3 Years

Mahindra Group's Real Estate sector stock Mahindra Lifespace Developers Ltd. on Tuesday, April 25, 2023, recommended a dividend of Rs. 2.30 per share i.e. 23% for the year ended March 31st 2022-23. Mahindra Lifespace Developers is a Midcap stock having a market capitalization of Rs. 5,703.35 crore.

Recommended Dividend of Rs. 2.30 per share

"Recommended dividend of Rs.2.30/- (i.e. 23% on the face value) per share on the equity shares of Rs.10 each for the financial year ended on March 31, 2023," Mahindra Lifespace Developers said in an exchange filing.

Stock's Market Price, 52-Week Low/High, Returns

The stock is trading 1.37% down at Rs 368 apiece on NSE. It recorded its 52 week high at Rs 550.75 apiece, and 52 week low at Rs. 309.05 apiece, respectively.

The stock has given 1.63% positive return in 1 week, and 10.78% in 1 month, respectively. It has given 1.3% negative return in 1 year. In 3 years, the stock has given 498.21% robust returns, whereas, it has given 147.26% positive returns.

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