This Small Cap Stock Surged By 128.73% In 5-Years, Recommends Dividend

The stock price of this small cap company, Elantas Beck India Limited has grown exponentially over the years. The board of directors met on Tuesday, 21st February, 2023 to approve the quarterly results and discuss about the dividend recommendation. Check the details here.

Dividend details

In an earlier exchange filing of Elantas Beck India Limited, the company stated that on Tuesday 21st February, the directors will have a board meeting to approve the financial results and recommend dividend payout.

In the meeting held, recommendation of payment of dividend of Rs 5.00/- per equity share of Rs 10/- each, for the year financial 2022 was proposed. This proposed dividend is subject to the approval of shareholders in the ensuing annual general meeting. The company has not shared the details of record date yet. At the current share price of Rs 4651.15 this results in a dividend yield of 0.107%.

The company has a good dividend track record and has consistently declared dividends for the last 6 years. Last year also the company had paid a dividend of Rs 5 per share (50%)Dividend.

About Elantas Beck India Limited

Elantas Beck India Limited is a part of an international company Altana that specialises in chemicals. The Indian arm Elantas Beck manufactures a wide range of speciality chemicals in the electrical insulation and construction industries. The market capitalisation of the company is Rs 3,687.28 crore.

Share price movement of Elantas Beck India Limited

The stock price of the Elantas Beck India Limited has been on a bull run, over the years. In one year the share price surged up by 37.77%, in three years it increased by 67.91% and over five years it has shown a phenomenal increase of 128.73%. Its last closing price is Rs 4651.15 per share, it was up by 4.33% on intra day basis. Its 52-week high is at Rs 5,044.40 per share and 52-week low is at Rs 3,150 per share.

Disclaimer

This article is for information purposes only and is not a recommendation to buy, sell or hold. 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 consult with certified experts before making any investment decision.