This small-cap stock will trade ex-bonus and ex-dividend today! Do you own it?
Shares have seen significant buying interest and have soared around 75 per cent in past six months!
Roto Pumps Ltd, a Small-Cap company will be in the spotlight today as its shares will trade ex-bonus and ex-dividend. For the financial year ending March 31, 2023, the board recommended a final dividend of Rs 3.15 per equity share of Rs 2 each.
It also approved and recommended the issuance of one bonus equity share with a face value of Rs 2 each, fully paid up, for every one equity share with a face value of Rs 2 held on the record date. Shares have seen significant buying interest and have soared around 75 per cent in past six months!
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Considering the company's financial performance, on a consolidated basis, it reported a strong growth of 46.18 per cent from Rs 49.23 crore registered in Q4FY22, recording total revenue of Rs 71.96 crore in Q4FY23. When comparing the net profit for the fourth quarter of FY23 to the same quarter last year, it soared 58.84 per cent from Rs 6.92 crore to Rs 10.98 crore.
Established in 1968, Roto Pumps Ltd is the pioneer progressive cavity pump manufacturer in India. It offers pumping solutions to a variety of industries, including wastewater, sugar, paper, paint, oil & gas, chemicals, food & beverage, renewable energy, and power.
Keep a close eye on this stock for the upcoming sessions!