Multibagger Godrej single product sets record date for distribution: Check details| Roadsleeper.com

Multibagger Godrej single product sets record date for distribution: Check details| Roadsleeper.com

With a market price of Rs. 3,659.26 crore, Astec Lifesciences Ltd. is a small cap company that produces pesticides and agricultural chemicals. The company manufactures and markets a variety of chemicals that are used in many different areas, and it exports those chemicals to 25 countries in North and South America, Asia , Europe, Australia, and Africa. Astec LifeSciences Limited manufactures a variety of agrochemicals and pharmaceuticals, and in August 2015, Godrej Agrovet bought a stake in the company. For the fiscal year ending March 31, 2022, the board of directors has approved a final dividend of 15 percent on the company’s equity capital, or Rs. 1.50 per equity share at a face value of Rs. 10 each. The amount of dividends at the current price 1,869.90 is 0.08 percent. For the purpose of dividend, the company has recently announced a record date to determine the eligibility of shareholders.

The company has said in the BSE exchange filing that “as per Section 91 of the Companies Act, 2013 and Regulation 42 of the List of Rules, Registration of Members and Share Transfers of the Company will remain closed for the purpose of the 28th (Twenty Eighth) AGM and Payment of Final Dividend from Thursday, 21st July, 2022 to Sunday, 24th July, 2022 (both days inclusive). Final Dividend [if declared at the ensuing 28th (Twenty Eighth) AGM]will be paid to the shareholders whose names appear in the register of members of the company as on Wednesday, 20th July, 2022 and in the case of shares held in dematerialized form, will be paid to the registered shareholders they are the National Securities Depository. Limited (NSDL) and Central Depository Services (India) Limited (CDSL), as beneficial owners as on that date.”

The stock will trade-dividend on 19th July 2022. On the NSE, the stock rose 2.56 percent from its previous close. 1823.20 and lived in 1,869.90 on Friday. The stock has gained a profit of 35.62 percent in the past year, and until 2022, it has delivered a return of 26.98 percent YTD. As prices rise from 446 as of July 4, 2019, to its current level, the stock has generated a multibagger return as of the last three years of 298 percent. And now the price of 1,869.90, Astec Lifesciences shares traded 10.94% below the 52-week high and 67.69% higher than the 52-week low on the NSE, while the stock reached a 52-week high of 2,099.80 on 4th May 2022 with a minimum of 52 weeks 1,115.05 on October 28, 2021.

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