Small Cap Stock, Promoted By TVS Group, Declares Dividend, Sets Record Date

Small cap Auto Ancillaries sector stock, Wheels India Ltd declared interim dividend and fixed February 14, 2023 as the record date. The small cap company came into existence in 1960 and has a market capitalisation of Rs 1,275.42 crore. Check details below:

1. Board of Wheels India Ltd Sets Record Date For Interim Dividend

Wheels India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 31, 2023, inter alia, have declared an interim dividend of Rs.3/- (30%) per equity share of Rs.10/- each for the financial year ending March 31, 2023. The said dividend will be paid on or before March 02, 2023.

2. Wheels India Ltd Stock Performance & Return

The current market price of the stock is Rs 530.00 with an intraday fall of 0.67%. The stock's 52-week high is Rs 757.85 apiece and 52-week low is Rs 502.00 apiece, respectively.

The stock declined 14% in last 3-months, 20% in last 6-months, and 26% in last 1-year. The company for the quarter ended December 31, 2022 declared a consolidated total income of Rs 1090 crore, down 8.35% from last quarter total income of Rs 1189.32 crore.

3. Wheels India Ltd About

Wheels India was incorporated in 1960. It is promoted by the TVS Group. It was started in the early sixties for manufacturing automobile wheels. Today, Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India.

Disclaimer

The stock gives details about record date for interim dividend. 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.