250 Per Cent Dividend Announced By This Multibagger Penny Stock Under Rs 10; Scrip Trades At PE Below 1x & RoE of 37 Per Cent
The stock gave multibagger returns of 200 per cent from its 52-week low of Rs 2.92 per share.
On November 13, 2024, shares of Taparia Tools Ltd jumped 5 per cent upper circuit to Rs 8.76 per share from its last closing of Rs 8.35. The stock also made a new 52-week high of Rs 8.76 per share while its 52-week low is Rs 2.92 per share. The stock gave multibagger returns of 200 per cent from its 52-week low of Rs 2.92 per share.
According to Quarterly Results, the net sales increased by 7.2 per cent to Rs 224 crore, the operating profit increased by 26 per cent to Rs 39 crore and the net profit increased by 29 per cent to Rs 31 crore in Q2FY25 compared to Q2FY24. In its annual results, net sales increased by 8.4 per cent to Rs 828.53 crore and net profit increased by 38 per cent to Rs 99.77 crore in FY24 compared to FY23.
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The Board of Directors of the company has declared an interim dividend of 250 per cent (Rs. 25 per share) on its face value of Rs 10 per share. This dividend is payable from the distributable profits earned during the period of April 1, 2024, to September 30, 2024. The record date for determining the shareholders eligible for this dividend has been set as November 29, 2024.
Taparia Tools, a company with a market capitalization of Rs 13.30 crore, trades at just 0.04 times its book value. Despite this low valuation, the company offers a very attractive dividend yield of 460 per cent. The shares of the company have a PE of 0.11x and an RoE of 37 per cent. Investors should keep an eye on this penny stock Taparia Tools under the watch list.
Disclaimer: The article is for informational purposes only and not investment advice.