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Market participants note Taparia is a peculiar case where the company's revenue in FY23 was ₹764 crore and net profit was ₹72.32, while its market capitalisation is just ₹3.34 crore. Adjusted for the 4:1 bonus share issue and the dividend pay out, the stock is currently trading at ₹2.20 per share. For FY23, the company has paid ₹155 per share as dividend.
Persistent Systems had announced a final dividend of Rs 12 per share and a special dividend of Rs 10 per share. The dividends will be paid on August 17.
Taparia Tools, Aptech, Anmol India, Abhishek Integrations, Leading Leasing Finance and Investment, and NDR Auto Components have announced bonus share issuances for eligible shareholders.
In the Nifty pack, 35 stocks closed in the green, while 14 stocks ended in the red.
For the year ended March 2023, Taparia Tools declared a final dividend of Rs 77.50 a share and an interim dividend of Rs 77.50, translating into a dividend yield of 775 percent each.