Small Cap Stock With 230% Return In 3 Yrs Recommends Rs. 5/Share Dividend; Details Inside

Ruchira Papers Ltd. in their Board meeting held on Monday, May 29, 2023, recommended a dividend of Rs. 5/share of face value of Rs. 10 each for the financial year 2022-23. The stock has performed well in the past 3 years, giving a strong 230% return. It is a small-cap stock operating in the Papers sector. It has a market valuation of Rs. 341.43 crore.

Dividend

The Board of Directors of Ruchira Papers Ltd. in an exchange filing said, "Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 is given that, the Board of Directors at their meeting held today i.e., Friday, 29.05.2023 has recommended dividend of Rs. 5/- per equity share of face value of Rs. 10/- each for the financial year ending on 31st March 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting. The dividend payment and record date shall be intimated in due course."

Stock Outlook

On Wednesday, the sock closed at Rs. 114.40 apiece, down 0.31% from its previous close of Rs. 114.40 apiece. The stock recorded its 52 week high on 26 August 2022 at Rs. 148.05 apiece and 52 week low on 21 June 2022 at Rs. 77.27 apiece, respectively.

It jumped 6.67% in the past 1 week, and 6.72% in 1 month, respectively. It gave a 20.59% positive return in 1 year. It gave 230% positive returns in 3 years. However, it declined 4.12% in 5 years.

Disclaimer - The above-mentioned information is purely informational. The article should be treated as informational and not an advisory to invest. 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 making any investment decision.