Multibagger Metal Stock To Trade Ex-Dividend, Ex-Split Within10 Days, Hits Back-To-Back 52-Week High

Midcap Metal sector company Sarda Energy & Minerals is set to trade ex-dividend for 75% Final Dividend and 75% Special Dividend next week, on Tuesday, Aug 08, 2023. The stock is also going to trade ex-split this week on Friday, Aug 04, 2023. The stock hit 6 back-to-back 52-week highs within 1 week, since July 25, jumped over 9%. It has given a multibagger return in 1 year.

Record Date for Dividend - According to an exchange filing by the Board on July 29, "This is to inform that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Friday, 8th September 2023 has been fixed as the "Record Date" for the purpose of determining the eligibility of the shareholders for payment of dividend for F.Y. 2022-23 @ ₹ 1.50 per share (of face value of ₹ 1/- per share post split)."

Dividend - According to an exchange filing by the Board on May 27, "Recommended, subject to the approval of the members in the general meeting, a) dividend @ ₹ 0.75 per share (75%) post split of the shares, for the financial year 2022-23; b) a special dividend @ ₹ 0.75 per share (75%) post split to commemorate 50 years of the Company."

Record Date For Stock Split - According to an exchange filing by the Board on July 17, "This is to inform that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Friday, 4th August 2023 has been fixed as the "Record Date" for the purpose of sub-division / split of existing Equity Shares of the Company from l (One) Equity Share having face value of ₹ 10/- (Rupees Ten only) each fully paid-up, into 10 (Ten) Equity Shares having face value of ₹ 1/- (Rupee One only) each fully paid-up, as approved by the members through Postal Ballot on 13th July 2023."

Stock Split - According to an exchange filing by the Board on May 27, "The Board considered and approved the proposal for sub-division of 1 equity share of the Company having face value of ₹10/- each into 10 (Ten) equity shares having face value of ₹ 1/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company."

Stock Movement In Past 1 Week -On Tuesday, the shares of Sarda Energy & Minerals closed 2.31% down at Rs 1969.85 per share on BSE with an intraday high and low of Rs 2050 and 1945, respectively. The stock hit its 52-week-high today at Rs 2050/share and 52-week-low at Rs 739.25/share on BSE.

Returns in Past 5 Years - The stock jumped 9.84% in 1 week, while in 2 weeks it jumped 13.72%. It jumped 34.24% in the last 1 month. In 3 and 6 months, it jumped 76.03% in 3 months and 82.10% in 6 months, respectively. It gave 109.83% multibagger return in 1 year. In 2 and 3 years, it gave 146.45% return and 1101.49% return, respectively. It gave 403.35% positive return in 5 years.

Disclaimer- The stock just highlights the Dividend & Stock Split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.

Sarda Energy & Minerals Ltd.