Small Cap Tata Group Stock Recommends 250% Dividend, Trading Near 52-Week Low; Details Inside

Rallis India Ltd. in its board meeting held on Tuesday, April 25, 2023, recommended a dividend of Rs 2.5 per equity share i.e. 250% for the financial year 2022-23. The recommended dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company.

Rallis India is a Tata Group's small-cap company operating in the Chemicals sector. It is a subsidiary of Tata Chemicals, a Tata Group's Chemicals sector company. It has a market valuation of Rs 3,873.82 crore.

Annual General Meeting and Recommendation of Dividend

The company in its exchange filing on April 25, 2023, said, "The 75th Annual General Meeting of the Company would be held on Thursday, June 15, 2023 through the permissible mode. Pursuant to Regulation 30 read with Schedule III Part A Para A of the Listing Regulations, the Board has recommended a dividend of Rs. 2.5 per share i.e. 250 % for the Financial Year 2022-23 subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company."

Stock's Current Market Price, 52-Week Low/High, & Returns

The stock's current market price is Rs 199.20 apiece, up 0.10% from the previous close of Rs 199 apiece. On 15 December 2022, the stock touched its 52-week high of Rs 270.90 apiece and on 20 June 2022 it touched its 52-week low of Rs 182.50 apiece.

It declined 3.37% in 1 week and gained 1.68% in 1 month. It has fallen 18.89% in 1 year, 4.85% in 3 years and 16.06% in 5 years, respectively.

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