This multibagger stock announces record date for its interim dividend. Do you own it?

The stock has shown positive performance as it has given multibagger returns of more than 104 per cent in just 1 year and more than 75 per cent in just 6 months

On Monday, shares of Maan Aluminium soared more than 3 per cent to make an intraday high of Rs 237.55 apiece. On January 18, 2023, the scrip made a new 52 week high of Rs 251.70 per share.   

The company informed the exchange, that a meeting of Board of Directors of Maan Aluminium Limited will be held on February 02, 2023, to consider and approve the payment of interim dividend for the financial year 2022-2023. The record date for determining the entitlement of the shareholders for the payment of interim dividend shall be February 16, 2023.   

In Q2FY23, the company reported revenue from operations of Rs 188.20 crore, representing a YoY growth of 19 per cent and QoQ growth of 8.68 per cent. Maan Aluminium reported a net profit of ₹13.10 crore compared to ₹8.40 crore in Q1FY23 and ₹4.69 crore in Q2FY22, representing a YoY growth of 179 per cent and a QoQ growth of 55.95 per cent.  

Maan Aluminium Limited was incorporated in 1989 and is engaged in the business of manufacturing & trading aluminium profiles, aluminium ingots, aluminium billets etc. and other related activities. Currently, the company is a standalone dealer of aluminium ingots and billets for Hindalco Industries Ltd. for North and South India. The company is also involved in the scrap trade for non-ferrous metals.   

The stock has shown positive performance as it has given multibagger returns of more than 104 per cent in just 1 year and more than 75 per cent in just 6 months. In the last one month, the stock has surged more than 42 per cent.  Keep a close eye on this multibagger stock.