Small Cap Auto Ancillary Stock With Over 50% Return In 3 Months Recommends 225% Dividend

Munjal Showa Ltd., a small-cap Auto Ancillary company, on May 30, 2023, recommended 225% dividend for the financial year 2022-23. According to the exchange filing, the recommended dividend is subject to the approval of shareholders at the AGM.
The 38th AGM is scheduled to happen from Saturday, August 05, 2023, to Tuesday, August 22, 2023, the Board informed the exchange.

Recommended Dividend

According to the regulatory filing by the Board of Directors of Munjal Showa Ltd., "Recommendation of dividend subject to approval of members @ 225% viz. INR 4.50 per equity share of INR 2/- each for the financial year 2022-23, subject to the approval of shareholders. The dividend, if declared at the ensuing AGM, will be paid within 30 days from the date of AGM."

Stock Outlook

The stock last traded at Rs. 133.35 apiece, jumped 1.87%. However, it has fallen 1.98% in the past 1 week.

The stock has given 34.36% positive return in the past 1 month, while 52.84% positive return in the past 3 months. The stock has given 37.12% positive return in the past 1 year and 34.02% in the past 3 years, respectively. It gave 44.32% negative return in the past 5 years.

The stock's recorded 52 week high on NSE is Rs. 141 apiece on 15 July 2023 and 52 week low is Rs. 82..80 apiece on 29 March 2023.

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