Small Cap Metal Stock Approves Final Dividend, Gave Over 1300% Returns In 3 Years; Details Inside

Gravita India Ltd. in their Board Meeting held on Monday, May 01, 2023, has approved a Final Dividend of Rs. 4.45 per share. The approved final dividend is subject to the approval of members of the company at the Annual General Meeting (AGM). This is a Metal sector small-cap stock having a market capitalisation of Rs.3,509.89 crore.

Recommended Dividend

"The Board meeting intimated vide letter no. GIL/2023-24/011 dated 01st May, 2023 this is to inform that Board has approved a final dividend of Rs. 4.35 per share to be paid subject to the approval of members at the Annual General Meeting," Gravita India Ltd. said in an exchange filing.

Stock Outlook

The current market price (CMP) is Rs. 508.40 apiece, up 1.49% from its current level. The stock recorded its 52 week high on 13 February 2023 at Rs 539.95 apiece, and 52 week low on 12 July 2022 at Rs. 231 apiece, respectively.

Returns Over The Past 5 Years

The stock has fallen 0.63% in the past 1 week. It has given 8.91% positive return in 1 month. In the past 1 year, it has given 63.92% positive return. It gave 1304.42% multibagger return. In the past 5 years, it has given 154.52% positive return.

About - Gravita India Ltd.

Gravita India Ltd. is one of the largest lead producers in India established in the year 1992 at Jaipur. The company is anchored by more than 500 forward-looking professionals. The company is dedicated to Lead & Lead Products with an environment friendly process.

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