Metal Stock Under Rs 60 Declares 2nd Interim Dividend, Shares Gain 323% In 3-Yrs

Small cap metal stock from the metal & ferrous sector, Indsil Hydro Power And Manganese Ltd on November 10 approved its second interim dividend of Re 0.20 per share (20%) on 8% cumulative redeemable preference shares of Rs. 10/- each for the financial year 2023-2024. Last trading price of Indsil Hydro Power share on BSE is Rs 46.57 per share with intraday fall of 0.09%. Indsil Hydro Power shares declined over 6% in last 2-weeks, gained 20% in last 6-months, and offered a rally of 323% in last 3-years. Check details below:

Indsil Hydro Power Approves 2nd Interim Dividend: According to the BSE filing of the company issued on November 10, 2023, "Declaration of Second Interim dividend of Rs. 0.20 per share (2%) on the 8% Cumulative Redeemable Preference Shares of Rs.10/- each for the financial year 2023-24 to those shareholders whose name appears on the Register of Members maintained by the Company/ List of Beneficial Owners as received from the depositories as on November 10, 2023. The Interim Dividend declared will be paid within 30 days."

Indsil Hydro Power Stock Performance & Return: Last trading price of Indsil Hydro Power share on BSE is Rs 46.57 per share. Its 52-week high price is Rs 59.40 per share and 52-week low price is Rs 28.80 per share, respectively. The company has a market capitalisation of Rs 129.42 crore. Indsil Hydro Power shares surged 14% in last 3-months, fell 5% in last 1-year, gained 8% in last 2-years, and offered maximum return of 323% in last 3-years. In last 5-years, Indsil Hydro Power stock fell 35%.

Indsil Hydro Power About: Indsil Hydro Power and Manganese Limited is engaged in manufacturing low/medium/high carbon silico manganese, which can be used in steel and stainless-steel industries. It operates via two segments namely ferro alloy and power. Its products include ultra-low carbon silico manganese, low carbon silico manganese, ferro silicon, ferro chrome and ferro chrome, among others.

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