This Chemical Sector stock declared a 1000% special dividend. In this post, we will know about the company. After the announcement, a massive share price growth is seen.
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Manual dividend calculator
Even if you buy this stock for it’s 52 weeks’ high price of Rs. 423.50/share, and in this case, you will be able to earn dividend of Rs. 10,000 on an investment of Rs. 42350.
Upper circuit of this dividend stock is Rs. 465. 85. In this case, an investment of Rs 46585 can make you earn Rs. 10,000.
+185.40 (77.87%) Price rise has been seen in this week.
According to Ticker tape analysis, Narmada Gelatines is a small cap company and having moderate risk factor. Current price is less than the intrinsic value that means the stock is trading around not higher price.
This stock offers very good dividend, In September, 2022 this stock gave dividend of Rs.10/per share (100% dividend). And in 2021 the stock had given 100% dividend.
ROE is not so good as FD in banks.
As per ticker tape it is a good time to make an entry point in this stock. Because this stock is not in overbought zone.
NO red flags: Stocks are not in ASM/GSM lists and not a lot of promoters’ holding is pledged.
So, if you’re looking for a high dividend yield stocks, you may consider this stock.
- 5 Years’ Returns; 164.77%
- 1 year’s return: 142. 55%
- 52 week High: 423. 50
- 52 Weeks Low: 160. 00
- Lower circuit: Rs. 346.50
- Upper circuit: Rs. 423.50
- ex-dividend date: 19th December, 2022
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Apart from this company you should know the name of 25 highest Dividend paying stocks that pay dividend 5 times in a year
This company announced that the Board of Directors of the company at its meeting held on 7th December 2022, inter alia, have recommended the special dividend of Rs. 100 per equity share (1000%) subject to approval of the share holders.
Dividend aristocrats
- One of the best dividend stocks: Narmada Gelatines
- Sector: Chemicals
- Small Cap Company
- Moderate Risk factor
- Founded in 1961
- Fundamentals of the Company
- Market Cap: Rs. 233 cr
- P/E Ratio; 18.02
- P/B ratio: 1.60
- Industry P/E: 14.52
- Debt to Equity: 0.01
- ROE: 8.69%
- Dividend Yield; 2.60%
- ex dividend dates: 19th December, 2022
- Book Value: 238.35
- Face Value: 10
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