Small Cap Bajaj Group Stock Recommends 500% Final Dividend, Stock Rallies 6.93%; Check Details

Bajaj Group's Firm Bajaj Consumer Care Ltd. in their Board meeting held on May 3, 2023, recommended a final dividend of 500% i.e. Rs. 5 per share of the face value of Re. 1 each. According to an exchange filing by the company, the recommended dividend is subject to approval of shareholders at the forthcoming AGM.

Bajaj Consumer Care is a Small cap FMCG-Perdonal Care sector company. The company is engaged in the business of cosmetics, toiletries and other personal care products. The Company has a presence in both domestic and international markets. It has a market capitalisation of Rs. 2,511.64 crore.

Bajaj Consumer Care Recommended a Final Dividend of 500%

According to the regulatory filing by the Board of Directors of Bajaj Consumer Care Ltd. "Recommended Final Dividend of 500% (i.e. Rs. 5/- per share, on equity shares of the face value of Re. 1 /- each) for the financial year ended March 31, 2023. Information regarding book closure and date of payment of final dividend, if approved by the shareholders at the forthcoming Annual General Meeting of the Company will be made separately."

Stock Outlook

The stock is currently trading 6.93% higher at Rs. 175.95 apiece. The stock recorded its 52 week low on 20 June 2022 at Rs. 129.05 apiece and 52 week high on 6 December 2022 at Rs. 184.65b apiece, respectively.

The stock jumped 11.85% in the past 1 week and 14.22% in the past 1 month, respectively. It has given 5.53% positive return in the past 1 year. It has given 27.22% positive return in 3 years. It has fallen 61.49% negative return.

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