Penny stock below 11 approves 775% dividend, scrip at 52-week-low

Penny stock below <span class='webrupee'>₹</span>11 approves 775% dividend, scrip at 52-week-low
With a market valuation of ₹ 3. 19 Cr, Taparia Tools is a small-cap company that works in the capital goods industry. Modern forge shop, machine, heat treatment, polishing, nickel chrome plating, and other production facilities are all part of the company's manufacturing facilities.
In addition to its manufacturing space, the plant features a fully furnished Quality Assurance Department and laboratory for rigorous and ongoing raw material testing. The company said today in a stock exchange filing that its Board of Directors has “ 1. Considered to pay Interim Dividend for the F.
Y. 2022-2023 @ 775% on its 30,35,750 Equity Shares of Rs. 10/- each amounting to Rs.
23,52,70,625/- to be paid to those Shareholders whose names appear in the Register of Members on the Record date i. e. 16/03/2023.
2. Recommended the increase in Authorized Share Capital of the Company from Rs. 5,00,00,000/- (Rupees five Crores only) divided into 50,00,000/- (Fifty lakh) Equity Shares of Rs.
10/- (Rupees Ten only) each to Rs. 35,00,00,000/- (Rupees Thirty Five Crores only) divided into 3,50,00,000 (Three Crores Fifty Lakh) Equity Shares of Rs. 10/- (Rupees Ten only) each.
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. Premium Industries at greatest risk from climate change During Q3FY23, the company recorded net sales of ₹ 193. 32 crore, up by 2.
37% YoY from Rs. 188. 85 crore recorded in Q3FY22.
The company reported a net profit of Rs. 19. 29 crore during the quarter ended December 2022, up by 6.
62% YoY from Rs. 18. 10 crore recorded in the quarter ended December 2021.
The EPS of Taparia Tools stood at Rs. 63. 56 in Q3FY23 compared to Rs.
59. 61 recorded in the year-ago quarter. MINT PREMIUM See All Premium Mint Explainer: What the G20 foreign ministers meeting .
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. . The last traded price of Taparia Tools was recorded on 24 February 2023 at a 52-week-low level of ₹ 10.
50 on the BSE with an intraday gain of 5%. In the last 1 year the stock has fallen 4. 72%.
The stock touched a 52-week-high of ₹ 12. 14 (13/07/2022) and a 52-week-low of ₹ 10. 50 (02/03/2022).
During Q3FY23, the company recorded a promoter shareholding of 69. 72% and a public stake of 30. 28%.
ABOUT THE AUTHOR Vipul Das Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns. in (OneIndia News) and has over 5 years of expertise in the finance and business sector.
Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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