Mukul Aggarwal Metal Stock Approves Dividend On March 7, Shares Gain 832% In 3-Yrs

Small cap company operating under Iron & Steel Products, ISMT Ltd shares gained 3.34% in trade today after its Board of Directors approved an interim dividend of Re 0.50 per share of Rs 5 each (i.e. 10%) for the financial year 2023-24. Last trading price of ISMT shares on BSE is Rs 97.54 apiece. ISMT has a market capitalisation of Rs 2931.09 crore. ISMT shares offered return of 24% in last 1-year and gained 1254% in last 5-years. Check details below:

ISMT Approves Interim Dividend: As per the exchange filing of the company dated March 7, 2024, "The Board of Directors at its meeting held on 7 March 2024 has declared an Interim Dividend of Re 0.50 per equity share of Rs 5 each (i.e. 10 percent) for the financial year 2023-2024."

ISMT Sets Record Date For Interim Dividend: The regulatory filing added, "The Record Date has been fixed as Saturday, 16 March 2024 for the purpose of ascertaining list of members entitled to the Interim Dividend." Interim Dividend will be paid on or before 29 March 2024.

ISMT Shares Performance & Return: The 52-week high price of ISMT stock on BSE is Rs 112.24 apiece and 52-week low price is Rs 66.00 apiece, respectively. ISMT shares offered return of 22% in last 6-months, gained 832% in last 3-years, and surged 1254% in last 5-years.

Mukul Aggarwal Shareholding: As per BSE data available, ace investor Mukul Mahavir Agrawal has 1.33% stake in ISMT for the quarter ended December 2023. Mukul Aggarwal holds 40,01,346 in ISMT. Mukul Aggarwal increased stake in ISMT from 1.22% to 1.33%.

About: ISMT Precision Parts (IPP) is a strategic business unit of ISMT Limited that specializes in manufacturing machined tubular components for various applications across industries. ISMT Limited, IPP's parent company is a leading integrated manufacturer of engineering steels and seamless tubes.

Disclaimer: The stock highlights the Interim Dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.