Multibagger Small Cap Stock Declares 50% Dividend, 1:1 Bonus Shares, Soars 113% In 1 Year

The Board of Directors of NDR Auto Components Ltd. in their meeting held on May 29, 2023, recommended a 50% Dividend and 1:1 Bonus Share for the financial year 2022-23. It is an Auto Ancillary sector small-cap company. It has a market valuation of Rs. 476.90 crore.

Recommended Dividend

According to the Regulatory filing by the Board of Directors of the company, "Pursuant to Regulation 43 of the SEBI Regulations, the Board of Directors has recommended dividend @50% i.e. Rs. 5 per Equity share of Rs. 10/- each of the Company for the year ended 31st March, 2023. The dividend, after approval of the shareholders, shall be paid within 30 days of declaration."

Bonus Shares

According to the Regulatory filing by the Board of Directors of the company, "Issue of 1 (one) Bonus Share for every 1 (one) Equity Share held by the Equity Shareholders of the Company as on 'Record Date'. The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals as may be required."

Stock Outlook

On Tuesday, the share price of NDR Auto Components hit a fresh 52-week high at Rs. 888/share and closed at Rs. 802/share. The stock's 52 week low is Rs. 300.65/share recorded on 20 June 2022.
The stock jumped 15.54% in the past 1 week. It has given 35.83% positive return in 1 month and 48.8% in 3 months, respectively. It gave 113.01% multibagger return in the past 1 year. Since its listing, its share value jumped 594.37%. The stock was listed on 30 July 2020.

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