Business

With year-to-date multibagger returns, this pharma stock sets a record date for a dividend

With a market valuation of Rs. 30.34 crore, Shukra Pharmaceuticals Ltd. is a small-cap company operating in the pharmaceutical industry. Public Ltd Shukra Pharmaceuticals has well-known manufacturing facilities around the world. Since 2017, the company has been manufacturing pharmaceutical products such as tablets, capsules and injections. The company’s board of directors proposes a final dividend of 5% (0.50 Rs per equity share at par value of Rs 10), subject to Shareholders’ approval at the General Meeting the next annual shareholder meeting, at their meeting to be held on May 28, 2022.

To determine the status of shareholders to receive dividends, the Board of Directors has announced the record date. The company said in a regulatory filing that “In accordance with Regulation 42 of the SEBI Regulations (Listing Obligations and Disclosure Requirements), in 2015, we announced that the Register of Members and the Register of Information The transfer of shares of the Company will remain closed from Friday, September 23, 2022 To Thursday, September 29, 2022 (including 2 days) to serve the Company’s 29th General Meeting of Shareholders and pay the final dividend. The Company has set Thursday, September 22, 2022 as the “Record Date” to determine the members’ right to receive final dividends for the fiscal year 2021-22. The final dividend for the fiscal year 2021-22, if announced at the 29th AGM, will be paid within the stipulated time, to all members whose names are in the Register of Members / Owners beneficial owners of the Company at the close of business on Thursday, September 22, 2022 as the “Record Date”. “

Shares of Shukra Pharmaceuticals are down 4.98% from their previous close 203.95 and closes on Fridays at 193.80 one piece. This stock has generated a multibagger return of 273.05% over the past five years, as well as a multibagger return of 420.97% over the past three years. This stock has delivered a multibagger return of 147.19% year over year and so far in 2022 it has generated a multibagger return of 128.13%. This stock has given multibagger returns for the past six months of 210.83%, but in 1 month it’s only up 10.05%. Stocks hit a 52-week high of 219.80 on August 30, 2022 and the 52-week low is 47.00 on November 12, 2021, showing that at the last trading price the stock was trading 11.82% below the high and 312.34% below the low.

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