Small Cap Capital Goods Stock Recommends Rs. 42.50/Share Final Dividend; Check Details

On Tuesday, 23 May 2023, the board of Directors of HEG Ltd. in a meeting recommended a Final Dividend at the rate of Rs. 42.50 per equity share of the face value of Rs. 10 each for the financial year 2022-23. The recommended dividend is subject to the approval of the shareholders of the company at the forthcoming Annual General Meeting (AGM).

Recommended Final Dividend of Rs. 42.50/share

The company in a regulatory filing said, "The Board of Directors have recommended a Final Dividend on Equity Shares at the rate of Rs. 42.50/- per Equity Share of the face value of Rs. 10 /- each, for the financial year 2022-23 subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM) of the Company. The dividend will be paid/ dispatched within 30 days from the date of the Ammal General Meeting."

Stock Outlook

The stock's current market price on NSE is Rs. 1,170.30 apiece, down 7.19% from its previous close of Rs. 1,260.90 apiece. Its 52 week high is Rs. 1,378.85 apiece and 52-week low is Rs. 890.80 apiece, respectively.

Stock declined 3.66% in 1 week. It jumped 8.47% in 1 month and 19.79% in 3 months, respectively. It gave 9.08% in 1 year and 57.97% in 3 years, respectively. It has fallen 65.83% in 5 years.

About - HEG Ltd.

HEG Ltd. is a leading manufacturer and exporter of graphite electrodes in India. It operates the largest single-site integrated graphite electrodes plant in the world. It is a small-cap stock with a market capitalisation of Rs. 4,516.83 crore.

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