Small Cap Stock Recommends 60% Dividend, 2:5 Bonus Shares, Soars 67.57% In 3 Months; Check Details

Services sector firm Aptech Ltd. in their Board meeting held on Wednesday, May 24, 2023, recommended a final dividend of Rs 6/share (i.e. 60%) of the face value of Rs. 10 each for the financial year 2022-23. In addition, the Board also approved the issue of Bonus Shares to the equity in the ratio of 2:5. Recommended Dividend and Bonus Shares are subject to the approval of the shareholders of the company. Aptech has a market capitalisation of Rs. 2,312.33 crore.

Dividend

According to an exchange filing by the Board of Directors of Aptech Ltd. "The Board declared an Interim dividend of Rs. 6/- per equity share of face value of Rs. 10/- each for the Financial Year 2022-23 (i.e., 60% of the face value), subject to the approval of the shareholders in the ensuing Annual General Meeting ('AGM')."

Issue of Bonus Issue

According to an exchange filing by the Board of Directors of Aptech Ltd. "The Board approved issue of Bonus Shares to the Equity Shareholders of the Company in the ratio of 2 : 5 [2 (Two) Equity shares for every 5 (Five) equity shares] held as on the record date, subject to the approval of the shareholders in the meeting by postal ballot. The detailed disclosure for issue of bonus shares as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 is enclosed herewith."

Stock Outlook

On Friday, the stock of Aptech closed at Rs. 558.60 apiece, up 11.68% from its previous close. It traded the 52 week high on 26 May 2023 at Rs. 583.20 apiece, and 52 week low on 20 June 2022 at Rs. 196 apiece, respectively.

It has given 17.06% positive return in 1 week. In 1 month it gave 25.84% positive return and in 3 months, it gave 67.36% positive return. In 1 year, it gave 144.36% positive return, In 3 years, it gave 488.31% multibagger return. In 5 years, it gave 147.06% positive return.

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