Small Cap Stock Recommends Rs 20 Dividend, Hits Upper Circuit, Jumps 52.43% In 3 Months

WPIL Ltd. in their Board meeting held on Friday, May 19, 2023, recommends a dividend of Rs. 20 per share for the financial year 2022-2023. The recommended dividend is subject to approval of shareholders at the upcoming Annual General Meeting (AGM).

Recommends Dividend

"The Boards recommended Dividend@ Rs. 20/- (Twenty) Per Shares on 97,67,080 Equity shares for the year ended 31st March, 2023 subject to the approval of Shareholders at the forthcoming Annual General Meeting," Board of Directors of WPIL Ltd. said in an exchange filing.

Stock Outlook

On Monday, the stock closed at 2,790.15 apiece. Jumps 5%, hits the upper circuit. It traded the 52 week high at Rs. 3000 apiece and 52 week low is Rs. 942.15 apiece, respectively.

The stock falls 5.47% in 1 week. It has jumped 5.36% in 1 month. It gave 52.43% multibagger return in 3 months. In 1 year, it has given 159.42% multibagger return. In 3 years it has given 770.7% multibagger return. In 5 years, it has given 426.1% positive return.

About - WPIL Ltd.

WPIL Ltd. is engaged in the entire value chain of Pumps & Pumping Systems from concept to commissioning and execution of water supply projects on a turnkey basis for industrial units, irrigation departments, power utilities, etc. With market capitalisation of Rs. 2,725.16 crore, it is a small-cap stock.

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