Rs 249 To Rs 3524 In 3 Yrs: Mid Cap Dividend Stock Trades New 52-Week High

Mid cap stock operating in Diversified sector, Apar Industries Ltd shares hit new 52-week high in trade on July 3, 2023. The company was incorporated in 1958 and today it has a market capitalisation of Rs 13,477.44 crore. Apar Industries shares offered massive return of 262% in just last 1-year and 555% return in last 2-years only. It announced an attractive dividend of Rs 40/share on May 8, 2023. Check details below:

Apar Industries Journey In Last 3 Years: The stock almost skyrocketed in last 3-years offering highly attractive returns to investors. It was priced Rs 249.35 on March 25, 2020 and today the stock is priced at Rs 3526.70 per share, offering returns of 1316% in little over 3 years. The stock offered return of 96% in last 6-months only and 964% return in last 36 months. In last 5-years, Apar Industries shares delivered returns of 435% and 3163% return in last 10-years.

Apar Industries Announced Rs 40/- Per Share Dividend On May 8, 2023: The company declared in its BSE filing, "Recommended Dividend @ Rs. 40/- (400%) per equity share of Rs. 10/- each fully paid on the equity share capital of Rs. 382,686,190/- (38,268,619 equity shares of Rs. 10/- each) for the financial year 2022-23. This shall be paid subject to the approval by the members at the ensuing Annual General Meeting of the Company."

If Apar Industries' current share price of Rs 3527.05 is taken into consideration, it offers a dividend yield of 1.13%.

Apar Industries About: APAR Industries was started in 1958, in India. Over 60 years later, we have grown into a diversified billion dollar company, and expanded to over 140 countries as a highly trusted manufacturer and supplier of conductors, a wide variety of cables, speciality oils, polymers and lubricants. At APAR, we have been able to excel at what we do because of who we are: relentless innovators who are constantly pushing ourselves to discover, perfect and deliver tomorrow's solutions today, according to its official website.

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