Don’t miss action in this small-cap stock offering a special dividend of 1,340 per cent!

The stock has witnessed a strong rally in the last couple of weeks as it has skyrocketed nearly 22 per cent in the same period, while the Nifty500 has added less than a per cent

TV Today Network Ltd is engaged in broadcasting television news channels, radio stations and newspaper publishing in India. The company broadcasts 24-hour news channels Aaj Tak, Tez, and Aaj Tak HD in Hindi; and India Today Television in English. It also runs radio stations (Ishq 104.8 FM) in Delhi, Mumbai, and Kolkata.  

The stock has witnessed a strong rally in the last couple of weeks as it has skyrocketed nearly 22 per cent in the same period, while the Nifty500 has added less than a per cent in the same period. Hence, the stock has outperformed the broader index by a wide margin.  

Shares of TV Today Network Ltd are likely to remain in the focus in the coming week as well and this is mainly due to the reason that the record date of the special dividend which the company announced earlier this month is nearing. The record date for the special dividend is Monday, February 13, 2023. The company had declared a special interim dividend of Rs 67 per equity share i.e. at the rate of 1340 per cent on the face value of Rs 5 each fully paid-up share, for the financial year 2022-23.  

Talking about the delivery volume, the percentage of delivery quantity to total traded quantity would blow your mind as it stands at 58.60 per cent on Thursday (February 09) and 61.98 per cent on Friday (February 10). In the last two days, the volume has been outstanding as the total volume traded on Thursday and Friday was 17.2 and 19.5 lakhs shares.  

The stock is up by 25.49 per cent on a YTD basis and in the last three months, it has rallied over 9 per cent.