Small Cap Real Estate Stock Declared Rs 15/share Interim Dividend, Stock Rallied 6.24%

Nirlon Ltd, a small-cap stock operating in the Real Estate sector, in its Board Meeting held on 09 February 2023, declared an Interim Dividend of Rs 15/share. The stock also fixed the record date for the declared Interim Dividend. The stock's market valuation is Rs 3,431.69 crore. Check the below details:

Nirlon Ltd Stock Performance

On BSE, the stock of Nirlon is currently trading at Rs 380.80 apiece, away 9.35% from its 52 week high of Rs 420.10 apiece. Its 52 week low is Rs 301.10 apiece. The stock rallied 6.24% on Friday. It has given 5.78% positive return in the past 1 week, and 13.4% in the past 1 month, respectively. However, in the past 1 year, it has declined by 6.18%. In 3 years it gave 29.08% positive return. Whereas, in 5 years it gave 75.93% positive return.

 

Nirlon Ltd Declared Rs 15 Interim Dividend

According to the regulatory filing by the Board of Directors of Nirlon Ltd on February 09, 2023, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors at their meeting held on Thursday, February 9, 2023, have, interalia, considered and approved the interim dividend of Rs.15/-per equity share of Rs. 10/- each (@150%) for the F.Y. 2022-2023, subject to deduction of tax at source, which will be made on or after Friday, February 24, 2023, to the Members as under."

It added,
i. To all Beneficial Owners in respect of shares held in Dematerialized Form as per the data as may be made available by National Security Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as of the close of business hours on Friday, February 17, 2023;

ii. To all Members in respect of shares held in Physical Form after giving effect to valid transmission and/or transposition requests lodged with the Company as on the close of business hours on Friday, February 17, 2023.

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