Shares of a company that manufactures high-quality nut bolts used in vehicles have given more than 200 percent returns to investors in a year. Along with the better results of the March quarter, its shares are booming on the announcement of dividends. The company has decided to distribute a 100 percent dividend to the shareholders. Check the dividend payout and financial health of the company
Today, the shares of Sterling Tools, the manufacturer company of nuts and bolts used in vehicles, are showing a lot of growth, if we look at today’s calculation, it is trending at Rs 362.95 on BSE with a gain of 1.67 percent, in this way in the last one year Has given more than 200% return. A month ago it reached the highest record of 5 years but again it declined. However, after the dividend announcement, an increase in buying is seen.
How much dividend
According to reports, Sterling Tools has shared information related to the dividend in the exchange filing dated May 8, after which the company board has declared a dividend of Rs 2 i.e. 100 percent on one fully paid-up equity share of the face value of Rs 2. Let us tell you that in 2023, the five-year high reached a record of Rs 456.75, but now its shares have slipped 20% so far.
How is the capital health of the company
Sterling Tools made public its financial results for the March 2023 quarter on Monday, according to the results, it achieved a total income of 212.66 crores in January-March, which was more than 25.03 percent on the basis of annual income. The company’s total profit reached Rs 7.77 crore with an increase of 13 percent in the same period.
