Small Cap Auto Ancillary Stock Recommends Dividend Of Rs. 25/Share, Jumps Over 10% In 1 Month

Rane Brake Lining Ltd. (RBL) on May 03, 2023, recommended a dividend of Rs 25/share of Rs 10 each fully paid up, for the financial year 2022-23. The recommended dividend is subject to the approval of members at the 18th AGM of the company. RBL is a Small Cap Auto Ancillary Sector stock having a market valuation of Rs. 564.05 crores.

Recommends Rs 25/Share Dividend

The company in an exchange filing said, "recommended a dividend of Rs.25/- per equity share on 77,29,871 equity shares of Rs.10/- each fully paid up, for the financial year 2022-23, subject to approval of members at the ensuing 18th AGM of the Company. The dividend, if declared by the shareholders will be paid/dispatched on August 03, 2023 (Thursday) to the eligible shareholders."

Stock's Current Market Price, 52 Week High/Low & Returns

On NSE, the stock of RBL last traded at Rs. 729.70/share, down 0.13% -compared to its previous close of Rs. 730.65/share. On 20 July 2022, it recorded its 52-week high of Rs. 828.70/share and on 12 May 2022, it recorded its 52-week low of Rs. 575/share.

The stock jumped 2.93% in the past 1 week. It gave 10.61% positive return in 1 month. It has given 11.39% positive return in 1 year. In 3 years it has given 71.88% positive return. In 5 years it has fallen 22.21%.

About - Rane Brake Lining Ltd.

Rane Brake Lining Ltd. (RBL) is part of the Rane Group of Companies, a leading auto component group based out of Chennai. RBL manufactures friction material products such as Brake linings, Disc pads, Clutch facings, Clutch buttons, Brake Shoes, and Railway brake blocks. RBL is the market leader in India and a global player in friction material.

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