ISMT Share Price Soars After Interim Dividend Announcement! 🚀💰
The small-cap company ISMT Limited has delighted its shareholders by approving an interim dividend of ₹0.50 per share. The company’s board of directors approved the payment of dividends for the financial year 2023-24 during a meeting held on Thursday.
Following the announcement of dividends, ISMT Limited’s shares surged by 3.34% on Thursday. The company’s stock closed at ₹97.60, up by 3.17% at the end of trading. ISMT’s market capitalization stands at ₹2,931.09 crore, with a 24% return on shares in the past year and a remarkable 1254% increase in share price over the past five years.
An interim dividend payment date has been set for March 29, 2024, or earlier, with a record date to determine eligible members. The highest price for ISMT shares in the past 52 weeks on the BSE is ₹112.24, while the lowest is ₹66.00. Investors have seen a 22% return in the last six months and an impressive 832% growth in shares over the past three years.
According to available data on the BSE, star investor Mukul Mahavir Agrawal held a 1.33% stake in ISMT as of the end of December 2023. Agrawal owns a total of 40,01,346 shares in ISMT, increasing his stake from 1.22% to 1.33%.
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