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Within the sugar trade, Magadh Sugar & Vitality Ltd. is a small-cap firm with a market valuation of Rs. 444 crore. The corporate belongs to the Ok.Ok. Birla Group of Sugar Firms. The corporate operates three sugar mills with a complete crushing capability of 17,500 TCD at New Swadeshi Sugar Mills in Narkatiaganj (District West Champaran, Bihar), Bharat Sugar Mills in District Sidhwalia, Bihar, and Hasanpur Sugar Mills in Hasanpur (District Samastipur, Bihar). The corporate additionally has one distillery at Narkataiganj with a complete capability of 60 KLPD and a cogeneration plant that produces 38 MW energy. Magadh Sugar & Vitality has introduced a 65.00 per cent fairness dividend with a face worth of ₹10, or ₹6.5 per share, for the fiscal 12 months ending March 2022. The dividend yield on the present share value of ₹316 is 2.05 per cent. For the aim of dividend, the corporate has fastened report date to find out the eligibility of the shareholders.
The corporate has mentioned in BSE change submitting that “Pursuant to Regulation 42 of the Securities and Alternate Board of India (Itemizing Obligations and Disclosure Necessities) Rules, 2015, we hereby inform you that the Firm has fastened Thursday, July 14, 2022 because the File Date for figuring out entitlements of members to last dividend of Rs. 6.50/- per fairness share of ₹10/- every, if declared on the forthcoming Annual Normal Assembly of the Firm scheduled to be held on July 21, 2022. The Register of Members and Share Switch Books of the Firm will stay closed from Friday, July 15, 2022 to Thursday, July 21, 2022 (each days inclusive) for the mentioned goal.”
The inventory declined 0.33 per cent from yesterday’s shut of ₹317.05 and ended buying and selling as we speak at ₹316. The inventory has fallen 14.64 per cent over the previous 12 months, however it has elevated 27.16 per cent YTD to date in 2022. The 52-week excessive for Magadh Sugar shares on the NSE was Rs. 455.95 on April 22, 2022, and the 52-week low was Rs. 230.00 on December 20, 2021, that means that the inventory is now buying and selling 30.69% under its 52-week excessive and 37.39% above its 52-week low. Utilizing as we speak’s closing value as a comparability, the inventory is buying and selling above the 200-day and 5-day shifting averages however under the 20-day, 50-day, and 100-day shifting averages.
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