Small Cap Agro Processing Stock Rallies 17.21% After Approving 80% Dividend

Small cap company operating in Agro Processing sector, Sukhjit Starch & Chemicals witnessed a rally of 17.21% after it approved an interim dividend of @80% i.e. Rs 8/- per equity share on January 3, 2024 of the face value of Rs 10/- each for the financial year 2023-24.

The stock was priced Rs 503.95 apiece on January 3, 2024 (the day it approved interim dividend) and surged to Rs 590.70 on January 12, 2024, thus offering 17.21% return. Sukhjit Starch shares offered return of 36% in last 3-months and gained 41% in last 6-months. Check details below:

Sukhjit Starch Declares Interim Dividend: As per the regulatory filing of the company dated January 3, 2024, "The Board of Directors have, in their meeting held today, approved payment of an Interim Dividend @ 80 % i.e. Rs. 8/- (Rs. Eight only) per equity share of face value of Rs. 10/¬ each, for the financial year 2023-24."
Sukhjit Starch Sets Record Date For Interim Dividend: The company fixed record date for payment of the said Interim Dividend as 12/01/2024 (Friday), added the BSE filing of the company.

Sukhjit Starch Stock Performance & Return: The 52-week high price of Sukhjit Starch share price on BSE is Rs 596.80 per share and 52-week low price is Rs 359.90 per share, respectively. The company has a market capitalisation of Rs 922.79 crore. Sukhjit Starch shares rallied 41% in last 6-months, offered return of 33% in last 1-year, and surged 191% in last 3-years. In last 5-years, Sukhjit Starch shares surged 167%.

Sukhjit Starch About: Sukhjit's technical expertise of over 75 years ensures optimum adaptation to end use. Apart from Native Starch, the Company manufactures Modified Starches, Dextrines, Liquid Glucose, HMS, Malto-Dextrin, Mono-Hydrate Dextrose, Anyhydrose Dextrose, Sorbitol-70% Solution and various By-Products, catering to a wide spectrum of Industries.

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