Small, Largecap Engineering Stocks Declared Dividend, Sets Record Date, Gave Return Over 120% 3 Yrs

Two leading engineering sector stocks namely Kirloskar Oil Engines Ltd, and ABB India Ltd have declared a dividend for the Financial Year ending 31st march 2023. These two Engineering sector Small cap and large cap stocks have given positive returns over 120% in the past 3 years. In their exchange filings, the stocks also announced the "Record Date" for the declared dividends. Below are the key takeaways about the stocks:

ABB India Ltd - Stock Performance

The share price of ABB India on NSE last traded at Rs 3,166.30 apiece, gaining 1.22%. The stock's 52 week low is Rs 1,944.60 apiece and 52 week high is Rs 3,446.30 apiece, respectively. It is a large-cap stock having a market capitalisation of Rs 67.096.55 crore.

The stock has gained 12.85% in 1 week, and 11.42% in 1 month, respectively. In the past 1 year, it gained 41.48%. It gave the highest 135.95% positive return in 3 years. The stock has given 99.04% positive return in 5 years.

ABB India Ltd. - 275% Dividend

The Board of Directors of the Company at its Meeting held on February 10, 2023, said, "Recommendation of a dividend of Rs.5.50 per share (Rupees Five and Fifty paisa only) i.e. (275%) on 21,19,08,375 Equity Shares of face value of Rs.2/- each fully paid up for the financial year ended December 31, 2022 subject to approval of Shareholders."

 

Kirloskar Oil Engines Ltd - Stock Performance

The last traded share price of Kirloskar Oil Engines is Rs 315.65 apiece on NSE, down 3.47%. Its 52-week high is Rs 372 apiece and 52-week low is Rs 122.55 apiece, respectively. This is a small-cap stock with a market capitalisation of Rs 4,560.59 crore.

The stock gained 2.65% in 1 week, 2.02% in 1 month and 4.94% in 3 months, respectively. In 1 year it gained 99.9% and in 3 years it gained 122.56%, respectively. However, in 5 years it declined 15.92%.

 

Kirloskar Oil Engines Ltd - 125% Interim Dividend

The company in its exchange filing on February 10, 2023, has said, "The Board of Directors in its meeting held on 10th February 2023, has declared Interim Dividend of Rs. 2.50/- (125%) per equity share of Rs. 2/- each for the Financial Year 2022- 23 and will be paid through National Electronic Clearing System (NECS) or any other electronic mode or by dividend warrant or by demand drafts, as the case may be. The payment thereof shall be made on or before 10th March 2023."

 

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