Small Cap Stock From Tyres Sector Recommends 320.50% Dividend, Check Details

TVS Srichakra Ltd. in their Board meeting held on Tuesday, May 23, 2023, recommended a dividend of Rs.32.05 per equity share i.e. 320.50% on the face value of Rs. 10 per share for the financial year 2022-23. As per the exchange filing, the recommended dividend is subject to the approval of the shareholders of the company at the AGM. It is a small cap tyres sector company with a market capitalisation of Rs. 2,290.68 crore.

Recommended A Dividend Of Rs. 32.05/Share

The company in an exchange filing has said, "Recommended a dividend of Rs. 32.05 per share (320.50%) on the face value of Rs.10/- per share) for the financial year 2022-23, subject to the approval of the shareholders, at the ensuing Annual General Meeting."

Stock Outlook

On Tuesday, the share price of TVS Srichakra closed at Rs. 2,991.60 apiece, down 3.26% from its previous close of Rs. 3,092.35 apiece. Its 52 week high is Rs. 3,699 apiece and its 52-week low is Rs. 1,451 apiece, respectively.

The stock jumped 5.7% in 1 month and 5.87% in 3 months, respectively. It has given 74.96% positive return in 1 year, and 130.28% in 3 years, respectively. It has fallen 3.86% in 5 years.

About - TVS Srichakra Ltd.

TVS Srichakra Ltd. is One of the largest manufacturers of Motorcycle, scooters and Moped Tyres and tubes. Enjoys a lions share of business from all OEMS. The other product range includes OFF HIGH WAY Tyres for Industrial, Farm, agriculture implements, Tractors, Construction and OTR Tyres. Exports to USA, Europe, Latin America, Australasia and the Middle East.

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