790% Jump In 3-Years: Small Cap Metal Stock Sets Record Date For Special Dividend

Small cap stock operating in Metals & Ferrous sector, Jindal Stainless Ltd announced special dividend and fixed April 26, 2023 as the record date on Tuesday. The stock offered 790% return in last 3-years. Last trading price of Jindal Stainless Ltd is Rs 260.50 apiece with intraday decline of 0.46% on BSE. Check details below:

Jindal Stainless Ltd Announces Special Dividend, Fixes Record Date: According to the BSE filing of Jindal Stainless, "Payment of Special Interim dividend@ 50% i.e. Re. 1 per equity share (face value of Rs. 2 per equity share) for the financial year 2022-23 upon successful completion of the merger process and consequent listing of new shares of the merged entity. Accordingly, the Board has fixed Wednesday, April 26, 2023 as record date for determining entitlement of members for the purpose of payment of Special Interim Dividend. The payment of Special Interim Dividend / dispatch of dividend warrants will be completed by May 17, 2023."

Jindal Stainless Ltd Stock Performance: Last trading price of Jindal Stainless Ltd is Rs 260.50 apiece on BSE. The stock's 52-week high price is Rs 329.00 apiece and 52-week low price is Rs 95.05 apiece, respectively. Its market capitalisation is Rs 21,450.47 crore.

Jindal Stainless Ltd Return: The stock rallied 790% in last 3-years, offered 246% return in last 2-years, and surged 27% in last 1-year. In last 6-months, it gave return of 94%. The stock soared 158% in last 5-years.

Jindal Stainless Ltd About: Jindal Stainless is the largest stainless steel company in India and ranks amongst the top 10 stainless steel conglomerates in the world. Jindal Stainless Group has an annual crude stainless steel capacity of 1.9 MTPA and the group has an annual turnover of US $2.70 billion (as on March 31, 2021), according to its official website.

Disclaimer: The stock announced special dividend and fixed record date. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.