Two Small Cap Stocks Trading Near 52 Week High Approves Interim Dividend, Check Record Date

Two small-cap stocks on February 08, 2023, approved an Interim Dividend in their Board meeting. These two stocks are Ircon International Ltd and Safari Industries (India) Ltd. Ircon International is a PSU stock while Safari Industries is a private sector stock. Both stocks are trading near their 52 week high. Below are key details:

Ircon International Ltd

The stock of Ircon International is trading at Rs 55.55 apiece on NSE, down 3.81% from the previous close. It declared 4.46% in 1 week, and 8.91% in 1 month, respectively. In 1 year it gained 23.89%. However, in 3 years it declined 39.62%.

Its 2 week high is Rs 66.75 apiece and 52 week low is Rs 34.80 apiece, respectively. It is a Mini Ratna Category-I CPSE under the Ministry of Railways, Govt. Of India. It is a small-cap PSU stock having a market capitalisation of Rs 5210.46 crore.

Ircon International Ltd Interim Dividend

According to the company's exchange filing, "Declared an interim dividend of Rs.1.80 per equity share on the face value of Rs.2/- each (90% of the paid up equity share capital) for the financial year 2022-23. Further, as informed vide our letter dated 30th January, 2023 submitted to Stock Exchange, pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, the record date for the purpose of payment of Interim Dividend for the financial year 2022-23 would be Friday, 17th February, 2023. The Interim Dividend will be paid from Tuesday, 28th February, 2023 onwards."

Safari Industries (India) Ltd

The Current Market Price of Safari Industries on NSE is Rs 1,875 apiece, trading 0.11% down as compared to the previous close. The stock has gained 5.41% in 1 week, and 9.68% in 1 month, respectively. It gained 97.23% in 1 year. In 3 years it gained 174.87% and in 5 years it gained the maximum 250.25%, respectively.

Its 52-week low is Rs 780.05 apiece and 52-week high is Rs 1,977 apiece, respectively. This stock engaged in the business of manufacturing and trading of luggage and luggage accessories. It has a market capitalisation of Rs 4,445.87 crore. 

Safari Industries (India) Ltd Interim Dividend

According to the company's regulatory filing, "The Board of Directors has declared and approved Interim Dividend of Rs. 1.50 (75%) per equity share of Rs. 2/- each for the financial year 2022-23. The aforesaid Interim Dividend will be paid on or before 10th March 2023. With reference to Company's letter dated l51 February 2023 and pursuant to Regulation 42 of the Listing Regulations, the Company has fixed Friday, 17th February 2023 as the record date for determining entitlement of Members for payment of Interim Dividend on equity shares for FY2022-23."

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