This stock has doubled its money in a year, now it will get a dividend of Rs 4.75

New Delhi. Textile manufacturing company Arvind Limited has announced a final dividend of Rs 3.75 per share and a special dividend of Rs 1 to investors. This means investors will get Rs 4.75 per share. The company said on Saturday that the record date for dividend has been fixed as July 19. The dividend will be paid on or after August 6. Arvind Limited’s stock closed at 390.7 on Friday with a gain of more than one percent. Arvind Limited’s stock is a multibagger stock. In one year, this stock has given 183 percent return to investors.

Arvind Limited’s stock has given 352 percent return in 3 years. So far in the year 2024, the stock has given 49 percent return. At the same time, in 3 months it has given 29 percent profit to the investors. This stock has increased by 13 percent in one month. The company’s sales in the March quarter increased by 10 percent to Rs 2074 crore as compared to last year. Profit has increased by 2 percent year-on-year to Rs 99 crore.

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FII has also invested money
The market capitalization of Arvind Limited is ₹ 10,233.68. In the March quarter, the promoters’ share in the company was 41.13 percent and the public holding was 28.91 percent. Foreign investors have also invested in this stock and FIIs have a 15.14 percent share. Domestic institutional investors have 14.8 percent shares.

What is record date?
The record date decides which investor will get the benefit of any corporate action and who will not. The record date is the date on which only the investor registered as a shareholder in a company gets the benefit of that corporate action.

That is, if you want to take advantage of bonus or dividend, then you should trade in the shares before the ex-date so that the shares are registered in your name by the record date. Keep in mind that investment is not made only on the basis of dividend announcement. However, if there is hope of further growth in the stock and you are thinking of investing, then you can take advantage of dividend along with investment before the record date.

(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi will not be responsible for any loss you may incur.)

Tag: Business News, Money making tips, Multibagger Stocks, Share Market