with a market capitalization of 3,050.15 Crore, Sudarshan Chemical Industries Limited is a small-cap company dealing in the chemical industry. The company, which supplies pigments to paints, plastics, inks, cosmetics, textiles and other applications, primarily serving the coatings, plastics, inks and cosmetics markets, is the largest manufacturer of pigments in India and Has been a major player at the international level. market for over 60 years. The firm operates in over 85 countries, has sales offices in India, the Netherlands, the United States and China, and has over 170 channel partners worldwide. The leading provider of pigments among Indian and multinational corporations has a market share of around 35%. To determine the eligibility of shareholders, for the purpose of dividend, the Board of the Company has announced today the record date.
The Company informed BSE saying that “The Board of Directors in its meeting held on 26th May, 2022, has recommended final dividend. 5.00/- per equity share 2.00/- each (i.e. 250%) for the financial year 2021-22, and if approved by the shareholders in the ensuing 71st Annual General Meeting of the Company, such final dividend shall be paid on August 22, 2022 and August 29, 2022. middle will be done. Shareholders whose name appears as on Tuesday, August 2, 2022, i.e. the record date.”
Today’s closing price of the shares of Sudarshan Chemical was 443.60 per share, an increase of 3.42 percent over the previous close 428.95. The stock has lost 40.81 per cent in the past one year, and on a year-on-year basis, it has fallen 21.04 per cent so far in 2022. The stock has fallen 23.54 per cent in the past six months, but has gained 6.15 per cent. Hundred in the last one month. Based on the last traded price, the stock is trading higher than the 5 day, 10 day, 20 day, 50 day moving average but below the 100 and 200 day simple moving average (SMA). Sudarshan Chemical Industries has declared an equity dividend of 250.00%, or 5 per share, for the financial year ending March 2022. Dividend Yield at Current Share Price 443.60 is 1.12 percent.
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