500 per cent dividend announced: do you have this stock in your portfolio?
The shares of the company have generated a multibagger return of 146 per cent in the last three years
On August 08, 2023, GSFC Limited announced its quarterly result for the June quarter of FY24. The revenue of the company for Q1 FY24, stood at Rs 2032 crore which declined by 34 per cent YoY. The operating profit of the company stood at Rs 138 with an operating profit margin of 7 per cent, while the net profit of the company stood at Rs 106 crore.
As stated in the latest exchange filing, upon its declaration at the Annual General Meeting, the dividend will be paid at a rate of Rs 10.00 per equity share of the company on or after 28th September 2023, to those members whose names appear on the Register of Members of the Company on the Book Closure Date.
The board of the company recommended a dividend of Rs 10.00 per equity share with a face value of Rs 2.00 each, for the financial year ended March 31, 2023.
DSIJ offers a service 'Flash News Investment' with recommendations for Profit-making Ideas for You (Weekly) based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
The Share Transfer Books of the company shall remain closed from Friday, the 9th of September 2023, to Friday, the 22nd of September 2023 (both days inclusive), for the purpose of ascertaining the entitlement for the payment of dividend.
The shares of the company closed at Rs 156 which is 2.94 per cent or Rs 4.5 up from the previous day’s closing price of Rs 151.55 on the BSE. Additionally, it has generated a multibagger return of 146 per cent in the last three years.
Incorporated in 1962, Gujarat State Fertilizers & Chemicals Ltd is a public sector company promoted by the Government of Gujarat. It is engaged in the manufacturing of various fertilizers and industrial products such as plastics, synthetic rubbers, and man-made fibers.