Multibagger Mid Cap Sugar Stock Fixes Record Date To Pay 550% Interim Dividend This Month

EID Parry (India) Ltd is a multibagger stock operating in Sugar sector. The company has a market capitalisation of Rs 10,975 crore. The company has fixed November 23, 2022 as the record date to pay 550% interim dividend. Check key takeaways below:

1. EID Parry (India) Declares Record Date To Pay 550% Interim Dividend

The board of directors of the Sugar sector company stated in the regulatory filing, "The Board approved the payment of Interim Dividend for the financial year 2022-23 at Rs.5.50/- (Five rupees and fifty paise only) per share, representing 550%, on the equity share of face value of Re.1/- each fully paid. The Record Date for the purpose of payment of Interim Dividend shall be November 23, 2022."

2. EID Parry (India) Stock Outlook

The current market price of the stock is Rs 618 apiece with 52-week high at Rs 673 apiece and 52-week low is Rs 386 apiece, respectively.

3. EID Parry (India) Returns

The stock has given a return of 67% in last 5-years, 279% in last 3-years, and 22% in last 1-year.

4. EID Parry (India) About

It is a listed company engaged in the business of Sugar and Nutraceuticals. Headquartered in 'Dare House' a heritage building, in Chennai, India, the Company is a part of the INR 369 Billion Murugappa Group, one of India's leading business conglomerates. Founded in 1788, 'Parry' has been a household name for over 225 years.

The Company holds the distinction of setting up India's first sugar plant at Nellikuppam in 1842 and even today continues to pioneer new paths in each of its businesses, according to its official website.

Disclaimer

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