Rs 2/Share Dividend Declared: Small Cap Stock Under Rs 55 Gains 51% In 1-Month

Small cap company from the plastics sector, Gothi Plascon (India) Ltd shares gained 2.02% in trade today after it declared an interim dividend of Rs 2/- i.e. 20% per equity share of Rs 10/- each for the financial year 2023-24. Last trading price of Gothi Plascon shares on BSE is Rs 51.00 per share. Gothi Plascon shares jumped 27% in last 2-weeks and rose 47% in last 1-year. Check details below:

Gothi Plascon Declares Interim Dividend: As per the regulatory filing of the company dated January 20, 2024, "the Board of Directors of Company have declared an Interim dividend of Rs.2/- (Rupee Two only) i.e 20% per equity share of Rs.10/-{ subject to tax deducted at source, if any) each for the financial year 2023-2024. Further, as informed vide letter dated 09/01/2024, the 30/01/2024 is the Record Date for determining eligibility of sharchalders for payment of the said Interim Dividend, as declared by the Board."

Gothi Plascon Stock Performance & Return: The 52-week high price of Gothi Plascon shares on BSE is quoted at Rs 52.00 apiece and 52-week low price is Rs 26.95 apiece, respectively. The company has a market capitalisation of Rs 51.92 crore. Gothi Plascon shares hit fresh 52-week high in trade today and lower circuit too. Gothi Plascon stock gained 51% in last 1-month, soared 64% in last 3-months, and offered return of 77% in last 2-years. The scrip rose 144% in last 3-years and gained 272% in last 5-years.

Gothi Plascon About: It is engaged in the manufacturing of disposable plastic cups,bowls,tumblers,trays,lids ,plates, containers and sheets, among others. Today its is a prime developer in the state of Pondicherry and has MNC's as its clients. Its year of establishment was 1994, according to its official website.

Disclaimer:

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.