“Good news for Gujarat Toolroom! Their shares went up by 5% on Monday, hitting the maximum limit allowed for the day.
The share price reached Rs 42.52 during trading hours. The reason behind this rise is the company’s plan to increase the dividend payout from 100 to 165%.
This decision will be discussed and approved in their upcoming board meeting on April 8, 2024.
The company stated that they received this proposal due to their strong financial performance.
They mentioned in a formal announcement that their board will meet on April 8 to discuss various matters, including the dividend declaration. The dividend is expected to be between 100% to 165%.
Considering today’s share price of around Rs 42, eligible shareholders may receive a dividend of at least Rs 42 per share. Recently, Gujarat Toolroom made headlines with
