Small Cap Stock Recommended 2nd Interim Dividend, Fixed Record Date, Soars 928.04% In 3 Years

Small-cap Construction company, Man Infraconstruction Ltd has recommended Second Interim Dividend of 18% i.e. Rs 0.36 per equity share having Face Value of Rs 2/- each, for the Financial Year 2023-24. The Board initially set Record Date for the recommended dividend as Wednesday, Aug 04, 2023, however, in another filing to exchange the Board revised the record date as Thursday, Aug 10, 2023. The company has a market cap of Rs 4,492.13 Crore.

Second Interim Dividend

"Declared Second Interim Dividend of Rs.0.36 per equity share (i.e. 18%) on 37,12,50,405 Equity Shares having Face Value of Rs. 2/-each, for the Financial Year 2023-24. The Record Date for the purpose of determining the entitlement of shareholders for the said Second Interim Dividend has been fixed as Friday, 04th August, 2023 and the said dividend shall be paid/ dispatched on Wednesday, 23rd August, 2023;" the Board said in an exchange filing.

Revised Record Date

In another filing, the revised Record date to Aug 10, 2023.

"The Record date as mentioned in the letter for determining entitlement of shareholders to receive the Second Interim Dividend for financial year 2023-24 be read as Thursday, 10th August, 2023 instead of Friday, 04th August, 2023," the Board said in an exchange filing.

Stock Movement

Man Infraconstruction's stock last traded at Rs 121 apiece with intraday high and low of Rs 123.85 and 118.25. The stock fell 0.58% from its previous close of Rs 121.70 apiece, while it opened at Rs 122.75 apiece on BSE.

The stock jumped 6.19% in 1 week, while in 1 month, it jumped 4.62%. In 3 and 6 months, it gave strong returns of 46.58% and 63.07%, respectively. In 1 year, the stock gained 49.38%. In 2 and 3 years, it gave robust returns of 175.2% and 928.04%, respectively. In 5 years, it gave 317.53% positive return.

The stock's 52-week high is Rs 123.85 apiece, recorded on July 25, 2023, and its 52-week low is Rs 66.25 apiece, recorded on Mar 28, 2023.

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