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Small Cap Trading Stock Declared 90% Dividend, Hits 52-Week Low, Will Trade Ex-Dividend This Week
India Motor Parts & Accessories Ltd (IMPAL), a small-cap stock, on 30 January 2023 declared 90% Interim Dividend in its board meeting. The company is engaged in the distribution of automobile spare parts and accessories through its distribution network representing over 50 manufacturers. The stock is trading near the 52 week low. It has a market valuation of Rs 886.58 crore. Below are the key takeaways about the stock:
India Motor Parts & Accessories Ltd Stock Performance
The share price of India Motor Parts & Accessories Ltd. on NSE last traded at Rs 710.40 apiece, down 1.14% from the previous close of Rs 718.60 apiece. The stock on 1 February 2023 hit the 52 week low at Rs 700 apiece, currently trading 1.49% away from the 52-week low. Its 52 week high was recorded on 18 May 2022 at Rs 861.20 apiece. The stock has fallen 1.72% in the past 1 week. It has fallen 2.77% in 1 month and 5.25% in 3 months, respectively. In 1 year it has fallen 9.22%. It gave the highest 23.41% return in 3 years and 4.79% in 5 years, respectively.
India Motor Parts & Accessories Ltd declares interim dividend
According to the regulatory filing by India Motor Parts & Accessories Ltd on 30 January 2023, "Declared an Interim Dividend of Rs.9.00/- (90%) per equity share of Rs. 10/- each, for the financial year 2022-23 on the paid-up capital of Rs.12.48 Crores. 3. The record date has fixed on Thursday, the 9" February, 2023 for the payment of interim dividend. The interim dividend will be paid on or before 01st March, 2023 to those eligible shareholders whose name appears on the Register of Members of the Company / Statement of Beneficial ownership maintained by the Depositories, as on the record date."
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