Sugar Sector Midcap Stock Approves 400% Interim Dividend, Fixes Record Date, Gains 244.42% In 3 Yrs

E.I.D Parry (India) Ltd., today, April 10, 2023, held a Board meeting, where the Board of Directors of the company approves 2nd Interim dividend for the financial year 2022-23 at Rs 4 i.e. 400%. The Board of Directors also fixes the record date for the dividend as April 21, 2023. The company operates in the Sugar sector. It is a midcap stock having a market valuation of Rs 8,736.53 crore. The key takeaways are below:

Stock Outlook & Returns

E.I.D Parry stock last traded at Rs 491.35/share. It gained 3.48% in the past 1 week, however, it declined 6.95% in the past 1 month. It has given 2.49% positive return in 1 year. It gave a robust 244.42% return in 3 years. In the past 5 years, it gave 78.58% positive return.

Its 52 week high is Rs 670/share, recorded on 20 October 2022 and 52 week low is Rs 433.20/share, recorded on 29 March 2023, respectively.

E.I.D Parrys (India) Ltd. approves 400% 2nd Interim Dividend

In its exchange filing, the Board of Direct of the E.I.D Parry (India) Ltd. said, "The Board of Directors of the Company met today (April 10, 2023) approved the payment of Second Interim Dividend for the financial year 2022-23 at Rs.4/- (Four rupees only) per share, representing 400%, on the equity share of face value of Re.1/- each fully paid."

It added, "The Record Date for the purpose of payment of Interim Dividend shall be April 21, 2023. The Interim Dividend shall be paid to ·those shareholders whose name appear in the Register of Members of the company as on the Record Date in respect of shares held in physical form and in case of shares held in dematerialised form, as per the details to be furnished by the Depositories as on the Record Date. The Interim Dividend will be paid on or after May 3, 2023 but within 30 days from date of declaration of Interim Dividend, as provided under the Companies Act, 2013."

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