Small Cap Auto Ancillary Stock Approves Interim Dividend, Hits 52-Week High, Gave Over 250% In 3 Yrs

Pradeep Metals Ltd., an Auto Ancillary sector stock on 3rd February 2023 declared an Interim Dividend of Re.1/- per Equity Share for the Financial Year ending 31st March 2023. Pradeep Metals is engaged in the manufacturing and selling of forged and machined components for various sectors. The Company caters to both domestic and international markets. With a market capitalisation of Rs 318.65 crore, it is a small-cap stock. Here are the key highlights of the stock:

Pradeep Metals Ltd. Stock Performance and Outlook

The stock of Pradeep Metals is currently trading at Rs 184.50 apiece on NSE, down 4.90% from the previous close. It has given 5.66% positive return in the past 1 week. It moved up 30.94% in 1 month and 46.32% in 3 months, respectively. It has given over 50% returns in 1 year. In 3 years it gave 253.63% positive return. In 5 years it gave 108.75% positive return.

The stock on 3 February 2023 hit the new 52 week high at Rs 209 apiece and a 52-week low on 17 June 2022 at Rs 75.25 apiece. The stock has declared 11 dividends since 2011. Out of 11 dividends, 3 are Interim and the rest 8 are Final Dividends.

Pradeep Metals Ltd. approves Re. 1 Interim Dividend

According to the regulatory filing by the Board of Directors of Pradeep Metals Ltd, "Approval of Interim Dividend of 10% i.e., Re.1/- per Equity Share of Rs 10/- each for the Financial Year 2022-23. Pursuant to Regulation 42 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, the Company has fixed Wednesday, 15th February, 2023 as "Record Date" for the purpose of determining the eligibility of Members entitled to receive the Interim Dividend for the FY 2022-23."

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