Small Cap Chemicals Stock Hit 52-Week Low, Falls 6.30%, Recommends Dividend; Details Inside

Punjab Chemicals and Crop Protection Ltd. in their Board meeting held on May 04, 2023, recommended a dividend of 30% i.e. Rs. 3 per equity share or Rs. 10 each for the financial year 2022-23. The said dividend is subject to approval of members at the upcoming Annual General Meeting (AGM. This is a small cap Chemicals sector company with a market capitalisation of Rs. 917.58 crore.

Recommended Dividend of 30%

"The Board has recommended dividend of 30% i.e. Rs. 3/- per equity share on equity shares of Rs.10/- each, subject to approval of members at the ensuing Annual General Meeting. The dividend will be paid/dispatched within 30 days of the Annual General Meeting," the Board of Directors of Punjab Chemicals and Crop Protection Ltd. said in an exchange filing.

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

The stock's current market price is Rs. 748.30/share, down 6.30% from the previous close. The stock is currently trading 2.85% up from its 52 week low of Rs. 727.55/share. Its 52-week high is Rs. 1,426.20/share.

The stock declined 6.45% in the past 1 week and 12.37% in 1 month, respectively. It declined 46.31% in the past 1 year. It has given 62.37% positive return in 3 years and 43.49% in 5 years, respectively.

About - Punjab Chemicals and Crop Protection Ltd.

Punjab Chemicals and Crop Protection Ltd. is an agrochemical company that operates through the Performance Chemicals segment. The company manufactures herbicides in various crops, such as cereal, cotton, maize, peas, potato, soybeans, sugarcane, winter cereals, lupins, sugar beet, sunflower, strawberries and marigolds.

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