Rs 100/Share Dividend: Multibagger Chemicals Stock Hits 20% Upper Circuit, Record Date Fixed

Shares of Narmada Gelatines Ltd locked in upper circuit soon after the board of the company set record date for 1000% special dividend. Narmada Gelatines has pioneered the manufacture of ossein and gelatin in India and is today a frontrunner in India's Gelatine Industry meeting exacting standards of various users worldwide.

The stock has given multibagger returns to investors over the years. Check key takeaways below:

1. Narmada Gelatines Fixes Record Date For Special Dividend

The board of directors of the company stated in the BSE filing today, "Board of Directors at their meeting held on 7th December, 2022 have declared a Special Interim Dividend of Rs.100/- per equity share (i.e. 1000%) of the face value of Rs. 10 each fully paid up, for the Financial Year 2022-23. Pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the RECORD DATE fixed for the purpose of Special Interim Dividend, is Thursday, 15th December, 2022 For ascertaining Members who will be entitled for the Special Interim Dividend for the Financial Year 2022-23."

The record date is December 15, 2022. 

2. Narmada Gelatines Stock Performance

The shares of Narmada Gelatines locked in 20% upper circuit in trading today. The last trading price of the stock is Rs 350 apiece with 52-week high at Rs 350 and 52-week low at Rs 160 apiece.

3. Narmada Gelatines Return

The stock as given multibagger returns to investors with last 5-years return at 114%. In last 3-years, the stock has given 125% return and in last 1-year, the return is 105%. The stock has jumped 39% in last 3-months, 59% in 1-month, and 50% in 1-week.

4. Narmada Gelatines About

Narmada Gelatines Ltd (Erstwhile Shaw Wallace Gelatines Ltd) was set up in 1961. The company is strategically located in the Central Indian State of Madhya Pradesh and has convenient access to its main and essential inputs of crushed bones, acid, lime and good quality water, according to its official website. 

Disclaimer

The stock gives details related to record date of special dividend announced. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.