Multibagger Small Cap Chemical Stock Recommends 80% Final Dividend, Soars 206.61% In 1 Yr

The Board of Directors of Cochin Minerals & Rutile Ltd. (CMR) in their meeting held on May 25, 2023, recommended a final dividend of Rs 8/share i.e. 80% for the financial year ended 2022-23.

Cochin Minerals & Rutile Ltd. (CMR) is engaged in the manufacture of Synthetic Rutile, Ferric Chloride, Ferrous Chloride, Iron Hydroxide (Cemox), Recovered Ti02, Recovered Upgraded ilmenite and Rutoweld. It is a small-cap company with a market capitalisation of Rs. 268.65 crore.

Recommends Dividend

"The Board of Directors in the meeting held on 25.05.2023 have recommended final dividend of 80% (Rupees 8 per share) on the paid up capital subject to approval of the members in the ensuing Annual General Meeting," the company said in an exchange filing.

Stock Outlook

On NSE, the stock last traded at Rs. 343.10 apiece, down 2.50% from its previous close of Rs. 351.90 apiece. Its 52 week low is Rs. 98.40 apiece and its 52-week high is Rs. 405 apiece, respectively.
The stock has fallen 5.05% in the past 1 week. It has given 13.27% in 1 month and 27.78% in the past 3 months, respectively. It has given 206.61% positive return in 1 year, 210.92% in 3 years, and 203.36% in 5 years, respectively.

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