Rs 50/Share Dividend Declared: Small Cap Industrial Consumables Stock Hits New 52-Week High

Board of directors of small cap stock, Wendt (India) Ltd on Friday recommended a final dividend Rs 50/- per equity share for the year ended March 31, 2023. The stock traded its new 52-week high on April 21, 2023. The stock gave return of 336% in last 3-years. Check details below:

Wendt (India) Ltd Recommends Final Dividend: According to the BSE filing of the company, "The Directors have recommended a final dividend of Rs. 50/- (500%) per equity share (on a face value of Rs.10/-) for the year ended 31st March 2023."

The dividend warrants, upon approval of final dividend by the shareholders at the 41st Annual General meeting, will be posted by 11th August 2023. In case of shareholders opting for NECS/NACH, the dividend would be credited to their accounts by 11th August, 2023.

Wendt (India) Ltd Stock Performance & Return: Last trading price of Wendt (India) Ltd is Rs 8928.35 per share with intraday gain of 12.94%. The stock's 52-week high price is Rs 9349.00 per share and 52-week low price is Rs 5836.00 per share, respectively.

The company has a market capitalisation of Rs 1,785.67 crore. It gave return of 45% in last 1-year, 188% return in last 2-years, and 336% return in last 3-years. The stock soared 182% in last 5-years.

Wendt (India) Ltd About: Wendt India known for its diversified product portfolio, innovation strategy, strong product development, personalized technical services and providing technology solutions in grinding to its 750+ direct customers in the domestic market. Wendt (India) Limited (WIL) was incorporated in 1980 as a Joint Venture between Wendt GmbH ( www.wendtgroup.com ) and The House of Khataus, according to its official website.

Disclaimer: The small cap Industrial Consumables stock declared final dividend today. 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.