Petrochemicals Stock Below Rs 100 Sets Record Date For 1st Interim Dividend

Small cap company operating in petrochemicals sector, Bhansali Engineering Polymers Ltd on July 13, 2023 fixed July 26, 2023 as the record date for payment of first interim dividend to equity shareholders. Bhansali Engineering shares rallied 36% in last 3-months and offered 23% return in last 1-year. Last trading price of Bhansali Engineering stock is Rs 94.60 per share with intraday fall of 3.47%. Check details below:

Bhansali Engineering Sets Record Date For Dividend: Pursuant to Regulation 30, 33 and 42 read with Schedule III and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a s amended, please be informed that the Board of Directors of the Company at its meeting held today had, inter alia:

1. Declared 1st Interim Dividend of Re.1 / - ( 100 %) per Equity Share (of the face value of Re.1 each) for financial year 2023-24, subject to deduction of tax at source;
2. Fixed the date of closure of Register of Members and Share Transfer Books of the Company on Wednesday, 26th July, 2023 for the purpose of payment of 1st Interim Dividend to Equity shareholders. The Interim Dividend will be paid on or before 04th August, 2023.

Bhansali Engineering Stock Performance & Return: Last trading price of Bhansali Engineering share price is Rs 94.60 per share on BSE as of July 13, 2023. The stock's 52-week high price is Rs 111.56 per share and 52-week low price is Rs 58.13 per share, respectively. The zero debt burden company has a market capitalisation of Rs 2354.20 crore.

Bhansali Engineering shares soared 20% in last 6-months, offered 32% return YTD, declined 19% in last 2-years, and surged 183% in last 3-years.

Bhansali Engineering Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 309.03 crore, down 10.67% as against Rs 345.95 crore declared in the preceding quarter. It declared its recent quarter net profit after tax at Rs 14.07 crore.

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