Small Cap Stock Recommends Rs 16/Share Dividend, Trading Near 52 Week High, Jumps 362% In 3 Yrs

LG Balakrishnan & Bros Ltd. (L.G.B) in their Board meeting held on Saturday, April 29, 2023, recommended a dividend of Rs. 16 per equity share of Rs 10 each i.e. 160% for the financial year 2022-23. It has a market capitalisation of Rs. 2,730.36 crore.

Recommended Rs. 16/Share Dividend

According to the regulatory filing by the Board of Directors of LG Balakrishnan & Bros Ltd, "the board of directors have recommended a dividend of Rs.16/- per Share of Rs.lO/- each (160% on the face value of Rs.lO/- each) for the financial year ended March 31, 2023, subject to the approval of shareholders in the upcoming Annual General Meeting."

Stock Outlook

The stock's current market price (CMP) is Rs. 869.75 apiece, up 0.85% from its previous close of Rs 862.40 apiece. The CMP is trading 1.96% down from its 52-week high of Rs. 887 apiece, recorded on 21st April 2023. Its 52-week low is Rs. 507.05 apiece.

The stock has given 1.12% positive return in 1 week and 18.67% in 1 month, respectively. It has given 36.14% positive return in 1 year. In 3 years, it has given the highest 362.02% positive return. In 5 years it has given 36.82% positive return.

About - LG Balakrishnan & Bros Ltd. (L.G.B)

L.G.B is a leading player in transmission products with its Automotive Timing and Drive Chains, Sprockets, Auto Tensioners, Guides, Fine Blanked Components, Precision Machined Parts, Belts & Rubber Products. It is a small cap Auto Ancillary sector stock.

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