Tyres Sector Small Cap Stock Declared 550% Dividend, Soon To Trade 
Ex-Dividend, Should you Buy?

Tyres Sector Small Cap Stock Declared 550% Dividend, Soon To Trade Ex- Dividend, Should you Buy? { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

PCBL Ltd., an RP- Sanjiv Goenka Group's small- cap company engaged in Carbon Black manufacturing on 31st January 2023 declared 550% Interim Dividend for Financial Year 2023 ending March 31.

The company is the largest carbon black manufacturer in India and a strong global player with a significant customer base in more than 40 countries.

Carbon Black is used for Tyres manufacturing.

Leading brokerage firm ICICI Direct has published a report on the stock with a positive outlook at an attractive valuation.

The stock of PCBL closed at Rs 120.15 apiece on NSE, up 0 .88 % from its previous close of Rs 119.10 apiece. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

It recorded the 52- week high at Rs 153.75 on 16 September 2022 and a 52- week low at R NSEs 89 apiece on 2022, respectively.

It has gained 1 .95 % in the past 1 week, in the past 1 month it fell over 9 %. In the past 5 years it gained over 14%.

PCBL Declared Interim Dividend @ 550%

BSE on 31st March, 2023 and fixation of Friday, 10th February, 2023 as the Record Date for the purpose of payment of the afore- said Interim Dividend { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

ICICI Direct Recommends Buy The Stock

PCBL's stock price is nearly flat over the past five years, but has still generated wealth since our initiation in July 2016 ( ~ Rs 17.5 levels). { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The stock has been picked from the brokerage report of ICICI Direct. { "selector": ".imagebox-wrapper", "duration": "4968ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.14904)"] } }

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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt View more