Engineering Sector Small Cap Stock Recommends 920% Dividend, Rallies 4.32%; Details Inside

Swaraj Engines Ltd. (SEL) on Thursday, in its Board meeting recommended a dividend of Rs 92 per equity share i.e. 920% for the financial year 2022-23. SEL is an Engineering sector small-cap stock engaged in the manufacturing of diesel engines. It has a market valuation of Rs 2,021.14 crore.

Recommended An Equity Dividend of 920%

"The Board, while approving the annual accounts, has recommended an equity dividend of 920% (Rs. 92 per share) for the financial year ended 31st March, 2023," Swaraj Engines Ltd. said in an exchange filing.

Swaraj Engines' Stock Outlook & Returns

The last trading share price of SEL is Rs 1,664.05 apiece, up 4.32% from its previous close of Rs 1,595.15 apiece. The stock has given 7.94% positive return in 1 week.

It gave 8.88% positive return in 1 month and 5.38% in 3 months, respectively. In the past 1 year, it has given 1.19% positive return. In 3 years it has given 75.58% positive return. In the past 5 years, it has given 20.74% negative return.

About - Swaraj Engines Ltd.

Swaraj Engines Ltd. (SEL) was promoted by erstwhile Punjab Tractors Limited (since merged with Mahindra and Mahindra Ltd.) and Kirloskar Oil Engines Ltd. in 1985. SEL is into manufacturing and supplying of diesel Engines in the range of 22 HP to above 65 HP. The company is equipped with highly productive & precise quality analyzing machines. It is also manufacturing hi-tech engine components. Till date SEL has supplied over 10,00,000 engines for fitment into Swaraj tractors.

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