Dividend Alert! Bajaj Group Stock Under Rs. 100 With 400% 5-Year Gains To Announce Dividend Soon

Mukand Ltd, a Bajaj Group company functioning in the iron and steel sector, has announced that its Board of Directors will convene on May 16, 2025, to consider and approve the audited financial results for the quarter and year ending March 31, 2025. The board of this small-cap company will also deliberate on recommending a dividend for the financial year 2024-25.

In a filing to the stock exchanges dated April 19, 2025, Mukand Ltd stated, "With reference to the above, we hereby inform you that a meeting of the Board of Directors of Mukand Limited is scheduled to be held on Friday, May 16, 2025, inter alia : a) to consider and approve the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2025 ; and b) to recommend a dividend, if any, on the equity shares of the Company for the financial year ended March 31, 2025."

Mukand Ltd Dividend History

Mukand Ltd has a consistent track record of rewarding its shareholders. As per BSE data, in 2024 and 2023, the company declared a final dividend of Rs.2 per equity share. In 2022, the dividend was Rs. 1.50 per share. The company has not given any bonus shares to date. Mukand Ltd.'s dividend yield is 2.1%, and it has a market capitalisation of 1,382.68 crore as of 20th April.

Mukand Ltd Stock Price Movement

As of April 17, 2025, Mukand Ltd's stock closed at Rs.95.69 on the BSE, marking a 0.24% decline from the previous close. In the last five trading sessions , the stock has decreased by 4%, and over the last six months, it has seen a 37% decline. So far this year the stock is down by 28%, while in 1 year the stock lost 43% of its value. Mukand Ltd shares are also down 50% from their 52-week high range. However, in the 5-year period, the Mukand Ltd shares have grown 402%.

About Mukand Ltd

Mukand Limited, a prominent entity within the Bajaj Group, has been a big name in India's steel industry since its inception in 1937. Headquartered in Mumbai, the company has evolved from its early days as Mukand Iron & Steel Works Limited to become a diversified manufacturer of speciality steel products and industrial machinery.​ Founded by Seth Mukand Lal in Lahore, post-partition, Mukand relocated its operations to Mumbai, and in 1989, the company was renamed Mukand Limited. Mukand Ltd. specialises in the production of alloy and stainless steel products, including billets, bars, rods, wire rods, and bright bars. The company also manufactures heavy industrial machinery, such as electric overhead travelling (EOT) cranes and material handling equipment.