Penny Stock Hits A Six: Small Cap Stock Declares 100% Dividend, Shares Zoom 347% In 1-Yr

Board of Directors of SME company Gujarat Toolroom today declared an interim dividend of 100% and fixed April 20, 2024 as the record date. Last trading price of Gujarat Toolroom share on BSE is Rs 43.94 per share. However, shares of Gujarat Toolroom reacted negatively to the new update and declined 1.73% in trade today at the time of writing the story. Gujarat Toolroom shares jumped 347% in last 1-year and a massive 2596% in last 2-years. The company's market capitalisation is Rs 246.10 crore. Check details below:

Gujarat Toolroom Declares Interim Dividend: As per the BSE filing of the company dated April 8, 2024, "After thorough discussions and careful consideration of the company's financial performance, the Board of Directors has unanimously considered and declared Interim Dividend of 100%. The interim dividend shall be paid within 30 days from the date of its declaration. This decision reflects our confidence in the company's robust financial health and our commitment to rewarding our valued shareholders for their steadfast support and trust."

Gujarat Toolroom Fixes Record Date For Dividend: The BSE filing further stated, "As per Regulation 42 of the listing regulations the Board has also fixed Saturday, April 20, 2024, as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend."

Gujarat Toolroom Bagged Big Order From Reliance Industries Limited: Gujarat Toolroom Limited declared successful acquisition of a major order valued at Rs. 290 Million (Rs. 29 Crore) from Reliance Industries Limited for construction supplies. This huge order win marks the 1st part of a promising alliance between GTL and Reliance Industries Limited.

Gujarat Toolroom Share Performance & Return: The 52-week high price of Gujarat Toolroom shares on BSE is Rs 62.97 per share and 52-week low price is Rs 8.92 per share, respectively. Gujarat Toolroom shares fell26% in last 1-mont. Gujarat Toolroom shares soared 80% in last 6-months, and gave return of 8690% in last 3-years.

Gujarat Toolroom Stock Split: Gujarat Toolroom split face value of its shares once since March 6, 2023. Gujarat Toolroom last split/sub-divided face value of its shares from Rs 10 to Re 1 in 2023. The share traded ex-split as on March 6, 2023.

Gujarat Toolroom About: It was incorporated in 1992 in technical collaboration with Schober AG. Switzerland, Gujarat ToolRoom Limited is professionally managed by a team of young and dynamic engirneers committed to precision and quality. We have designed and manufactured more than 300 high precision moulds, according to its official website.

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The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.