Chemicals Stock That Gave 340% Return In 3 Yrs Recommends 400% Final Dividend; Check Details

Solar Industries India Ltd. has recommended a final dividend of Rs. 8 per equity share i.e. 400% on the face value of Rs. 2 each for the financial year 2022-23. The recommended dividend is subject to the approval of the shareholder of the company at the upcoming AGM.

Recommended A Final Dividend Of Rs. 8/share

The Board of Directors of Solar Industries Ltd. in an exchange filing has said, "Recommended a Final Dividend of ₹8 per equity share i.e. 400% on the face value of Rs. 2/- each for the financial year 2022-23 subject to approval of shareholders at the ensuing Annual General Meeting. The dividend, if approved by the members of the Company at the ensuing Annual General Meeting ("AGM"), will be paid within 30 days from the date of AGM."

Stock Outlook & Returns

On Thursday, the stock of Solar Industries closed 0.57% higher at Rs. 3,847.65 apiece. The stock recorded the 52 week high at Rs. 4,538 apiece on January 03, 2023, and 52 week low at Rs. 2,478.45 apiece on May 27, 2022, respectively.

The stock gained 1.86% in the past week. It has given 28.36% positive return in 1 year. In the past 3 years it has given 339.41% positive return. In the past 5 years, it has given 264.98% positive return.

About - Solar Industries Ltd.

Solar Industries is a Chemical sector company engaged in the Explosive industry. It is one of the world's leading manufacturers of bulk explosives, packaged explosives and initiating systems, which find applications in the mining, infrastructure and construction industries. It is a midcap company with a market capitalisation of Rs, 34,826.91 crore.

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