Penny Stocks Under Rs 16 Fix Record Date For Dividend, To Consider Bonus Issue

2 small cap stocks under Rs 16 have fixed record date for interim dividends. These two stocks are Taparia Tools Ltd and SRU Steels Ltd. SRU Steels Ltd will also consider and approve bonus issue. Taparia Tools and SRU Steels are small cap stocks. Both the stocks hit upper circuits on February 24, 2023. Check details below:

1. Taparia Tools

Taparia Tools Sets Record Date For Interim Dividend: According to the BSE filing of the company, meeting of the Board of Directors of the Company will be held on 4th March 2023 to approve the payment of Interim Dividend for F.Y. 2022-2023 on equity shares on the basis of the distributable Profits for the period from 1 April 2022 to 31 December 2022. Further the record date for the considering interim dividend will be 16 th March 2023 , if approved by board.

Taparia Tools Stock Performance & Return: The stock's last trading price is Rs 10.50 apiece with intraday gain of 5% as of February 24, 2023 on BSE. The stock hit upper circuit.

The stock's 52-week high is Rs 99.80 apiece and 52-week low is Rs 10.50 apiece, respectively. It has a market capitalisation of Rs 3.19 crore. It fell 22% in last 1-year

The small cap company came into existence in 1965 and operates in Miscellaneous sector.

2. SRU Steels Ltd

SRU Steels Ltd Fixes Record Date For Interim Dividend: According to the BSE filing of the company, "Pursuant to regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we do hereby inform you that a meeting of the Board of Directors of the Company will be held on Friday, the 10st day of March 2023 at the registered office of Company, inter alia, to consider and approve payment of interim dividend on the equity shares of the Company, for the financial year 2022-23."

SRU Steels fixed March 20, 2023 as record date for interim dividend. The company has not yet fixed record date for bonus issue.

SRU Steels Ltd To Approve Bonus Issue: The company will consider and approve issue of Bonus Shares.

SRU Steels Stock Performance & Return: The last trading price of the stock is Rs 15.80 apiece with intraday gain of 4.98%. It hit upper circuit on February 24, 2023. The stock's 52-week high is Rs 22.60 apiece and 52-week low is Rs 14.85 apiece, respectively.

The company has a market capitalisation of Rs 12.63 crore. It fell 11% in last 1-week and 7% in last 1-month. 

Disclaimer

The penny stocks give details about bonus issue, interim dividend, and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.