with market valuation of 181 Cr., Indag Rubber Limited is a small-cap company dealing in the rubber industry. The firm has been producing high quality retreading products and related accessories for over 40 years, including Precured Trade Rubber (PTR) for all types of automobile and road purposes. Indag Rubber shares closed 69.00 on the BSE, up 0.51 percent from the previous close. After hitting its intraday high today, the stock is now trading close to 16 per cent of its 52-week low of Rs. 59.00 was recorded on March 31, 2022.
On July 22, 2021, the stock reached a 52-week high 117.30 on BSE, which means Indag Rubber Limited shares are currently trading at 41 per cent discount from 52-week high. For the financial year 2021-2022, the board of the company has recommended a final dividend of Rs. 1.50 per equity share. 2. Indag Rubber has declared 120.00% equity dividend, or 2.4 per share, for the financial year ended March 2022 ( 0.90 previous dividend) which takes the dividend yield at the current share price 69 to 3.47 percent.
The Company today announced a record date for its shareholders for dividend purposes. The company said in a BSE exchange filing that “in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for dividend purposes is Thursday, the 21st July, 2022 for demat shareholders and Thursday, the 28th. July 2022 for physical shareholders and the Register of Members of the Company shall remain closed for the purpose of Annual General Meeting (AGM) from Friday, 22nd July, 2022 to Thursday, 28th July, 2022 (both days inclusive) and also to determine eligibility . for dividends.”
The stock has fallen 25.69 percent in the past year, and so far in 2022, it’s fallen 14.87 percent on a year-to-date (YTD) basis. However, the stock has gained 5.42 per cent in the last five trading sessions and 4.39 per cent over the previous month. The stock is currently trading above the 5 and 20-day moving averages, but below the 50, 100 and 200-day moving averages. The book value of the share per share is Rs. 78.68, ie it is now trading at 0.87 times its book value.