Penny Stock Under Rs 30 Sets Record Date For Dividend, Shares Surge 268% In 3-Yrs

Small cap stock priced under Rs 30, Manaksia Aluminium Company Ltd on Monday fixed August 22 as the record date for final dividend. Manaksia Aluminium shares offered return of 23% in last 1-year and 268% return in last 3-years. Last trading price of Manaksia Aluminium Company is Rs 25.40 apiece on BSE. Check details below:

Manaksia Aluminium Fixes Record Date For Final Dividend: According to the BSE filing of the company, "Approved, Tuesday, the 22nd August, 2023 as the Cut-off date to record the names of shareholders entitled to receive final dividend, if approved by the Shareholders at the 13th Annual General Meeting to be held on 29th August, 2023. Please be informed in this regard that the Board of Directors of the Company has proposed a final dividend of Re 0.05/-(@5%) against the face value of Re. 1/-on an equity share for the financial year 2022-2023, subject to approval of the shareholders of the Company and for which intimation was already given by the Company vide its letter dated 19th May, 2023."

Manaksia Aluminium Stock Outlook & Return: Last trading price of Manaksia Aluminium share is Rs 25.40 per share. Its 52-week high price is Rs 31.19 per share and 52-week low price is Rs 19.00 per share, respectively. The company has a market capitalisation of Rs 166.46 crore. Manaksia Aluminium shares delivered 21% return in last 3-months, soared 47% in last 2-years, and gave return of 268% in last 3-years.

Manaksia Aluminium Financial Outlook: The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 110.71 crore, up 7.16% as against its last quarter total income of Rs 103.31 crore. It announced its latest quarter net profit after tax at Rs 3.46 crore.

Manaksia Aluminium About: It is a 45-million-dollar turnover company from India. It is the flagship company of the Manaksia Group. It manufactures key products such as aluminium coils, aluminium plain sheets, aluminium roofing sheets, aluminium pre-painted/color coated coils, aluminium flooring sheets (5 bar & diamond pattern) etc. with annual production capacity of 30,000 tonne per year, according to its official website.

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