Small Cap Auto Components Stock Surges Over 3%, Scrip To Trade Ex-Dividend On 22 Sept

Auto Components company Jay Ushin Ltd. shares on Thursday rallied over 3% to end at Rs 812.70 apiece on the BSE. The stock is turning ex-dividend tomorrow i.e. Friday, Sept 22, 2203. The Board of Directors in its meeting held on Aug 11, 2023, fixed the record date.

The board also informed that the Date of the Book Closer for the purpose of AGM from Saturday, Sept 23, 2023, to Friday, Sept 29, 2023 (both days inclusive).

Dividend

The Board to trade ex-dividend for Rs 3 per share final dividend for the Financial Year 2022-23. The said dividend is subject to approval by the Board of Directors of the company at the 37th Annual General Meeting (AGM) of the Company, which is scheduled to be held on Friday, Sept 29, 2023.

Record Date

The Board of Directors of the company in a regulatory filing said, "Friday, September 22, 2023 fixed as record date for the purpose of payment of dividend of Rs. 3.00 per share for the Financial Year 2022-23 as recommended by the board of director in its meeting held on May 29, 2023 subject to the approval of shareholders in the ensuing Annual General Meeting. Accordingly, the dividend will be paid to those shareholders whose names appear in the records of the Company/Depository (ies) as on the record date and the said dividend will be paid within 30 days from the date of declaration."

Stock Outlook

Meanwhile, the shares of Jay Ushin last traded at Rs 812.70 apiece, up 3.26% from its previous close of Rs 787.05 apiece on the BSE.

The stock declined 1.05% in 1 week. It gained 52.46% in 6 months. It gained 62.28% in 1 year, 71.82% in 2 years, 64.85% in 3 years, and 62.39% in 5 years, respectively.

Its 52-week high and low is Rs 899 apiece and Rs 475.20 apiece, respectively. Jay Usin Ltd. is a small-cap company with a market capitalisation of Rs 314.07 Crore.

Disclaimer- The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.