Midcap Tyres Stock Fixes Record Date For 1st Interim Dividend, Scrip Trading Near 52-Week High

Midcap Tyres company, Balkrishna Industries Ltd. on Friday, July 28, announced the record date for the 1st Interim Dividend for the Financial Year 2023-24 on Saturday, Aug 12, 2203. The dividend, if declared, shall be paid to the equity shareholders whose name appears on the Register of Members of the company on the record date. The company has a market cap of Rs 47,639.16 Crore.

"The 1st Interim Dividend for financial year 2023-24, if declared, shall be paid to the equity shareholders whose name appears on the Register of Members of the company on the record date i.e. 12th August, 2023," the Board said in an exchange filing.

On Friday's market session, the stock of Balkrishna Industries closed 0.36% down at Rs 2464.30 apiece. It hit an intraday high and low at Rs 2378 and 2437.60 on the BSE, respectively.

The stock surged 2.03% in 1 week, while in 3 months, it jumped 18.34%. It gave 16.36% positive return in 1 year, and 26.15% in 2 years, respectively. While in 3 and 5 years, it gave 77.88% and 77.20% in 5 years, respectively.

The stock hit its 52-week-high on June 21, 2023, at Rs 2525 apiece and its 52-week-low on Nov 15, 2022, at Rs 1801 apiece.

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