Rs 20/Share Dividend Declared: Penny Stock Below Rs 4 Jumps 4.79% Intraday

Board of Directors of penny stock Taparia Tools Ltd today declared an interim dividend of Rs 20/- per share of Rs 10/- each. Taparia Tools fixed February 24, 2024 as the record date for interim dividend. Last trading price of Taparia Tools shares on BSE is Rs 3.06 apiece with intraday gain of 4.79%.

The company earlier in 2023 declared a massive dividend of Rs 77.50 per share dividend and set July 11, 2023 as the record date. It also declared bonus share in the ratio of 4:1. Taparia Tools shares offered 20% return in last 6-months. Check details below:

Taparia Tools Declares Interim Dividend On Feb 12, 2024: As per the BSE filing of the company dated February 12, 2024, "Pursuant to Regulation 30 and 43 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company has inter-alia considered to pay the Interim Dividend @ 200% (i.e. Rs. 20/- per share of Rs. 10/- each) from the Distributable Profits for the period from 01.04.2023 to 31.12.2023."

Taparia Tools Ltd Sets Record Date For Interim Dividend: The BSE filing added, "Further pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors has fixed 24th February 2024 as "Record Date" to determine the list of eligible members for the payment of Interim Dividend and other matters."

Taparia Tools Shares Performance & Return: The 52-week high price of Taparia Tools shares on BSE is Rs 3.06 apiece and 52-week low price is Rs 2.10 apiece, respectively. The company has a market capitalisation of Rs 4.64 crore. Taparia Tools shares jumped 10% in last 3-months, gained 20% in last 6-months, and rallied 26% in last 1-year. In last 2-years, Taparia Tools shares tanked 51% and slipped 83% in last 3-years.

Taparia Tools Bonus Share In 2023: The company also declared bonus share in the ratio of 4:1 and set July 11, 2023 as record date. As per the regulatory filing of Taparia Tools, "In terms of Regulation 42 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the company has fixed , 11th July, 2023 as the "Record Date ", for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the ratio of 4:1 [ie : 4 Fully paid up equity shares for every 1 (one) equity share held.] Subject to the approval of shareholders."

Taparia Tools Final Dividend In 2023: According to the BSE filing of the small cap company, "The Board of Directors of the Company has inter-alia considered and recommended the Final Dividend @ Rs 77.50/- (775%) per Equity share of Rs.10/- each from the Distributable Profit for the Financial Year ended 31 March 2023 , subject to approval of shareholders in ensuing Annual General Meeting." The stock will trade ex-dividend on June 26, 2023.

Taparia Tools Q3 Results: The company for the quarter ended December 31, 2023 declared its net profit after tax at Rs 28.21 crore as compared to Rs 19.29 crore in the corresponding quarter of last year. The company declared its revenue from operations for December 2023 quarter at Rs 208.58 crore from Rs 193.31 crore in the similar quarter of last year. The company declared its earnings per equity share for December 2023 quarter at Rs 18.59 from Rs 12.71 in December 2022.

Taparia Tools About: It started manufacturing hand tools in 1969 in India in technical collaboration with a reputed company of Sweden. Taparia Tools has been since then consistently producing all the hand tools in India with the exact technology of its collaborators. It came into existence in 1965.

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