Multibagger smallcap stock from the commercial sector, Gujarat Toolroom, has knowledgeable BSE concerning the subsequent dividend cost. According to an alternate submitting, the board has declared a whopping 100 per cent payout on every stock to shareholders. A dividend is a portion of income {that a} listed firm pays to its shareholders as per the rules. Dividend payouts will be performed month-to-month, quarterly or yearly.
This is the first-ever dividend declared by the smallcap stock which primarily offers within the normal building of residential buildings. The present face worth of every stock of Gujarat Toolroom is Re 1. As per calculation, the 100 per cent dividend on every stock seems to be Re 1.
“The Board of Directors has unanimously considered and declared Interim Dividend of 100%,” it stated in an alternate submitting.
The submitting added that April 20 has been set because the record date. “Also fixed Saturday, April 20, 2024, as the record date to ascertain the eligibility of shareholders for payment of Interim Dividend,” as per the submitting.
According to alternate knowledge, the smallcap stock has yielded a multibagger return of greater than 300 per cent in only one yr.
Meanwhile, main brokerage agency ProfitMart Securities has reaffirmed its constructive outlook on the smallcap stock. It has set a goal of 90 in the long run.
Recently, the smallcap stock obtained a Rs 29 crore order from Mukesh Ambani’s Reliance Industries Limited for building provides.
