Midcap Auto Ancillary Stock Recommended Dividend Of Rs. 2.50/Share, Soars 150% In 3 Yrs

Mahindra CIE Automotive Ltd delivered a healthy return of more than 150% in 3 years. Today i.e. 22nd February 2023, the stock recommended a dividend of Rs 2.50/share. This is a Midcap Auto Ancillary stock having a market capitalisation of Rs 14,666.31 crore. The company is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas. Check below the details:

Mahindra CIE Recommended Rs 2.50/share Dividend

The company in its exchange filing has said, "We wish to inform that the Board of Directors at its meeting held today i.e. 22nd February 2023, has recommended dividend of Rs. 2.50/- (Two Rupees Fifty Paisa only) per ordinary equity share of face value of Rs. 10/- each for the financial year ended 31st December 2022. The payment of dividend is subject to approval of the members of the Company at the ensuing 24th Annual General Meeting (AGM) of the Company, the date of which shall be fixed by the Board and communicated separately in due course of time. Further, the Dividend shall be payable, within 30 days from the date of the AGM to those members whose name appear in the Register of Members or list of Beneficial Holders as received from Depositories as on the record date, which shall be decided by the Board."

 

Mahindra CIE's Stock Performance & Outlook

The share price of Mahindra CIE last traded at Rs 386.65 apiece. The stock falls 1.06% as compared to its previous close of Rs 390.80 apiece. On February 8, 2023, the stock hits new 52 week high at Rs 419.70 apiece, whereas, on March 23, 2022, it hit its 52 week low at Rs 163.95 apiece.

It has fallen 2.77% in the past 1 week. It has gained 3.24% in the last 1 month and 34.46% in the last 3 months, respectively. In the last 1 year, it gained 93.28%. In the last 3 years, it gained 150.66%. In the last 5 years, it gained 67.63%.

Disclaimer

The above-mentioned information is purely informational. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.