This stock gave 90% return in one year, now dividend of Rs 25 has been announced

Foseco India, a company in the specialty chemicals sector, announced its quarterly results as the market closed on Friday. Along with this, the company has also announced the final dividend for the year 2023. The company presents financial year results on January to December basis.

The stock is already a bargain with high returns for investors and the stock has gained 90 percent in a year. Now by declaring dividend the company has given double the income to its long term investors. The stock also closed higher in Friday trading.

The results and dividend announcements are issued after the close of business on Friday. The impact of data and advertising will be seen in the next session's business.

How were the results and dividends?

The December quarter profit of the company compared to last year was Rs. 12.25 crore to Rs. 16.31 crores. The business income of the company is Rs. 105.7 crore to Rs. 122.32 crores. At the same time, the total expenditure of the company was Rs. 91.39 crores to Rs. 105.15 crores. Along with this, the company has announced an interim dividend of Rs 25 per share for 2023 to its investors. This is equal to 250 percent on the face value of Rs 10.

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How did the stock perform?

The stock rose 1.7 percent to close at 3847 in Friday trade. The stock has reached the level of Rs.3900 during the day's trading. The stock has seen a steady growth over the past one year. The stock has gained 4 percent in a week, nearly 7 percent in a month, 12 percent in 3 months, 89 percent in the last one year and 2016 percent in 3 years.

Disclaimer : It is mentioned here that investment in stock market is subject to market risks. Investments made with the expectation of profit may also face losses. Our advice is to always seek expert advice before investing.