Agriculture Sector Small Cap Stock Recommends 20% Dividend, Stock Rallies 2.12%

Nath Bio-Genes (India) Ltd. in its Board meeting held on Saturday, April 22, 2023, recommends a dividend of Rs. 2/-(i.e. 20%) per equity share of the nominal value of Rs. 10.00 per share fully paid up for the financial year 2022-23. Nath Bio-Genes is a Nath Group's small-cap stock that operates in the Agriculture sector. It has a market valuation of Rs 319.93 crore.

Recommended 20% Dividend

Nath Bio-Genes (India) Ltd. in its regulatory filing has said, "In continuance to our intimations dated April 15th 2023, after due deliberation the Board of Directors has recommended dividend for financial year 2022-23 of Rs. 2/-(i.e. 20%) per equity shares of the nominal value of Rs. 10.00 per share fully paid up, subject to approval of shareholders in upcoming Annual General Meeting of the Company."

Stock's Current Market Price & Returns

The stock of Nath Bio-Genes on Friday closed at Rs 1,68.34 apiece, 2.12% higher its previous close of Rs 165.15 apiece. Its 52 week low is Rs 128.30 apiece and 52 week high is Rs 244.60 apiece. The stock has given 9.96% positive return in 1 week and 19.23% in 1 month, respectively. It has fallen 30.32% in the past 1 year, 22.08% in the past 3 years and 68.7% in the past 5 years, respectively.

About - Nath Bio-Genes (India) Ltd.

Nath Bio-Genes (India) Ltd. is the flagship company of Nath Group, which is a well-diversified business conglomerate. For over forty years, Nath Bio-Genes has played a pivotal role in shaping Indian agriculture by developing and supplying quality BT, hybrid and varietal seeds to farmers at affordable prices.

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