Tyres Sector Small Cap Stock Declared 550% Dividend, Soon To Trade Ex- Dividend, Should you Buy?
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.
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
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).
The stock has been picked from the brokerage report of ICICI Direct.
Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article.
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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt