Tyres Sector Stock Discloses Interim Dividend Amount, Sets Record Date, Shares Fall 9% Intraday

Shares of Oriental Carbon & Chemicals Limited witnessed a sharp decline of 8.90% intraday. The company operating in Tyres sector has fixed record date for interim dividend today. The small cap firm has a market capitalisation of Rs 817 crore as of writing the report. Check key takeaways below:

1. Oriental Carbon & Chemicals Ltd Sets Record Date For Interim Dividend

The board of directors of Oriental Carbon & Chemicals held a meeting of board of directors today.

In the regulatory filing, the company stated, "declared an interim dividend of Rs.7/- per equity share of face value of Re.10/- each for the financial year ending 31st March 2022 and fixed the Record date for the purpose of determining the entitlement of the shareholders for the interim dividend as 18th November 2022, and dividend will be paid to the shareholders on or from 28th November 2022."

The record date is November 18, 2022.

Oriental Carbon & Chemicals approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September 2022.

It has approved the appointment of Nominee of LIC, Mr. Sanjay Verma as a Nominee Director in place of Ms. Kiran Sahdev, who has resigned earlier, according to the BSE filing of the company.

2. Oriental Carbon & Chemicals Ltd Stock Outlook

The current market price of the stock is Rs 818 apiece with 52-week high at Rs 1097 apiece and 52-week low at Rs 687 apiece, respectively. Currently, the shares are trading 25% Down From 52-Week High.

3. Oriental Carbon & Chemicals Ltd Return

The stock has declined 36% in last 5-years, 16% in last 3-years, and 21% in last 1 year.

4. About Oriental Carbon & Chemicals Ltd

The company was incorporated in 1978. It belongs to the JP Goenka Group of Companies. It is a global manufacturer of Insoluble Sulphur with more than two-and-a-half decades of experience in manufacturing this product. It has manufacturing facilities in India at Dharuhera (Haryana) and at Mundra (Gujarat).

Disclaimer

The above stock reveals record date for interim dividend and interim dividend amount. Greynium Information Technologies, the Author, and the respective Brokerage House 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.