Midcap Metal Stock With Over 300% Return In 3 Yrs Recommends 100% Dividend; Know More

Maharashtra Seamless Ltd. in a Board meeting held on Friday, 26 May 26, 2023, recommended a dividend of Rs. 5/share i.e. 100% of Rs. 5 each for the financial year 2022-23. The recommended dividend is subject to approval by the shareholders of the company. This is a Metal Sector midcap stock. It has a market capitalisation of Rs. 5,993.79 crore.

100% Dividend

"Recommendation of dividend, subject to approval of members, of INR 5.00 (100%) per equity share of INR 5/- each for the financial year 2022-23," the company said in an exchange filing.

Stock's Current Market Price & 52-Week Low/High

On Thursday, the share price of Maharashtra Seamless closed at Rs. 447.30/share on NSE. The stock traded the 52-week high on 29 May 2023 at Rs. 460/share and 52 week low on 31 May 2022 at Rs. 272.50/share, respectively.

Stock's Returns

The stock jumped 1.3% in 1 week, 3.18% in 1 month and 45.87% in 3 months, respectively. It gave 62.95% positive return in 1 year. In 3 years, it gave 332.8% positive return. In 5 years, it gave 101.46% positive return.

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