Small Cap Tata Group Stock Declares Dividend, Scrip Trading Near 52-Week Low

Board of Tata Group stock, Nelco Ltd recommended a dividend of Rs 2.00/- per equity share for the financial year 2022-23. The stock is trading 11% away from 52-week low price of Rs 487.00 per share. The last trading price of Nelco Ltd is Rs 548.50 per share with intraday gain of 2.56%. The stock gave 193% return in last 2-years. Check details below:

Nelco Ltd Declares Dividend: According to the BSE filing of the company, "the Board of Directors have recommended a Dividend of Rs. 2.00/- per Equity Share of Rs.10/- each (20%) to the shareholders for the Financial Year 2022-23 subject to the approval of the shareholders at the ensuing Annual General Meeting."

Nelco Ltd Stock Performance & Return: Last trading price of Nelco is Rs 548.50 per share on BSE. The stock's 52-week high price is Rs 1089.95 per share and 52-week low price is Rs 487.00 per share, respectively. The company has a market capitalisation of Rs 1,251.59 crore. The stock declined 26% in last 1-year, gave return of 193% in last 2-years, and 213% return in last 3-years. The stock jumped 190% in last 5-years.

Nelco Ltd About: Nelco, a part of US $ 116 Bn Tata group, started in 1940 as a revolutionary electronics company and has had many firsts to its name over the years. The Company has aligned its businesses and has set new goals for itself. Nelco is focused on helping its enterprise & government customers unlock potential by offering solutions in the areas of VSAT connectivity, Satcom Projects and Integrated Security & Surveillance Solutions, according to its official website.

Disclaimer: The Tata Group stock declared dividend on Monday. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.