{"id":76877,"date":"2022-12-08T15:43:00","date_gmt":"2022-12-08T10:13:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=76877"},"modified":"2022-12-08T15:40:42","modified_gmt":"2022-12-08T10:10:42","slug":"385-stock-locked-in-upper-circuit-as-it-declares-a-dividend-of-100-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/385-stock-locked-in-upper-circuit-as-it-declares-a-dividend-of-100-check-the-details\/","title":{"rendered":"\u20b9 385 Stock locked in upper circuit as it declares a dividend of \u20b9 100; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2301894952\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Narmada Gelatines Ltd were in focus on Thursday after the company declared a special dividend. Its shares were trading at \u20b9 292 levels on Wednesday and were locked at \u20b9 385.00 on Thursday, indicating an increase of 31.85%.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-675800651\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>After the announcement, they gained a whopping 20% and hit the upper circuit limit. Thereafter, on Thursday, they had a gap-up opening and were locked in a 10% upper circuit since the beginning of the trading session.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SHAWGELTIN\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Narmada Gelatine<\/a><\/strong> is a small-cap company that manufactures ossein and gelatine in India. It is a frontrunner in India\u2019s gelatine industry, meeting the standards of various users worldwide.\u00a0<\/p><p>According to the data available on the Bombay Stock Exchange (BSE), the company has declared a special interim dividend of \u20b9 100 per equity share (1000% of the face value of \u20b9 10) for the financial year 2022-23.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1386363037\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Earlier it had fixed the record date for this purpose on Thursday, December 15, 2022. However, it changed it to Monday, December 19th, 2022. Shareholders who hold the shares as of Monday will be entitled to the special interim dividend. The ex-date for this purpose is also December 19, 2022, according to the data available on the BSE.&nbsp;<\/p><p>For the July-September quarter (Q2FY23), the company&#8217;s standalone net profit surged 130.9% to \u20b9 2.84 crores from \u20b9 1.23 crores, on a 32.1% jump in net sales to \u20b9 46.38 crores in Q2 FY23 over \u20b9 35.12 crores in the corresponding quarter last year (Q2 FY22).&nbsp;<\/p><p>Narmada Gelatine has gained 122.87% in the past year. If an investor would have invested \u20b9 1 lakh in the company\u2019s shares a year ago, the value of their holdings would have been \u20b9 2.23 lakhs today!&nbsp;<\/p><p>It is a small-cap company with a market capitalisation of \u20b9 212 crores. The company has a return on equity of 8.69% and is almost debt free with a debt-to-equity ratio of 0.01. Its shares are trading at a price-to-equity ratio (P\/E) of 16.38 which is slightly higher than the industry P\/E of 0.01. Further, it has a good dividend yield of 2.86%.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-210518808\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Narmada Gelatines Ltd were in focus on Thursday after the company declared a special dividend. Its shares were trading at \u20b9 292 levels on Wednesday and were locked at \u20b9 385.00 on Thursday, indicating an increase of 31.85%.&nbsp; After the announcement, they gained a whopping 20% and hit the upper circuit limit. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2839,57,3443,3402,58,62,3025,4674,3418,3555,3464,4048,2660,3872,2844,3913,3912,2838,3771,2843,2659,3026],"class_list":["post-76877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-best-multibagger-stocks","tag-dividend","tag-dividend-declared","tag-dividend-payout","tag-dividend-stocks","tag-dividend-stocks-yield","tag-dividends","tag-ex-dividends-this-week","tag-multibagger-companies","tag-multibagger-penny-stocks","tag-multibagger-returns","tag-multibagger-smallcaps","tag-multibagger-stock","tag-multibagger-stock-india","tag-multibagger-stock-list","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2022","tag-multibagger-stocks-india","tag-multibaggers","tag-upcoming-dividends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u20b9 385 Stock locked in upper circuit as it declares a dividend of \u20b9 100; Check the details - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/385-stock-locked-in-upper-circuit-as-it-declares-a-dividend-of-100-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u20b9 385 Stock locked in upper circuit as it declares a dividend of \u20b9 100; Check the details\" \/>\n<meta property=\"og:description\" content=\"The shares of Narmada Gelatines Ltd were in focus on Thursday after the company declared a special dividend. 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