With a market capitalization of Rs. 8,373.34 crore, Finolex Industries Limited is a mid-cap corporation serving the industrial sector. Finolex Industries Limited (FIL) is the leading and most reputed manufacturer of PVC-U pipes and fittings for the plumbing-sanitary, agriculture and construction industries in India. The company offers a wide variety of products such as CPVC Pipes, SWR Pipes and Fittings, ASTM Pipes and Fittings, Casing Pipes, Column Pipes, Sewer Pipes, and Solvent Cement for Pipes and Fittings for various uses in two major divisions. Plumbing-sanitation, and agriculture. A total dividend of 200 percent has been declared by the Board of Directors, and the record date has been made public.
The company in a regulatory filing stated that “The Board of Directors has recommended a final dividend of Rs.2/- and a special dividend of Rs.2/- i.e. total 200%, for the financial year 2021-22, for deduction of income tax at source. Subject to, as applicable. The recommended dividend, if approved by the shareholders at the forty-first AGM scheduled on 30 August 2022, shall be paid to those members whose names appear in the register of members as on 23 August 2022 or as of beneficial owners maintained by the depository. will appear in the register.
Shares of Finolex Industries Limited ended trading on Friday 135.30 per share, down 0.59 per cent from the previous close. share price has increased 1.49 to the present level as on 1 January 1999 135.30 on August 5, 3:30 PM IST, resulting in multibagger returns in 23 years and an all-time high of 8,980.54%. The stock is down 20.71 percent over the past year, and on a year-over-year basis, it’s fallen 34.76 percent so far in 2022. The stock has fallen 26.23 percent and 2.63 percent in the past six months. last month. At current prices, the stock is trading 44.66 per cent down from its 52-week high and 8.24 per cent above its 52-week low on NSE, where it hit a 52-week high. 52-week low of 244.50 on October 25, 2021, and 125.00 respectively on 10th May, 2022.
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