/ Manaksia Industries Dips 5% Recommends Dividend ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 17 April 2017

The Kolkata based business entity's stocks tumbled 5% on BSE in Monday’s trading session. The stock opened at Rs 39.95 per share, touched a high of Rs 40.95; and a low of Rs 37.05 per share.

On April 14, the company's board of directors has recommended dividend of Rs 0.20 per share on the paid up value of equity shares of the company for FY 2016-17.

It has also accorded in-principle approval for initiating backward integration by undertaking activities of aluminum sheets, coil & slabs, etc., in facilitation with other facilitator for captive consumption and also for trading.

The stock has outperformed BSE Small Cap index and BSE Metal on a yearly basis. Manaksia Industries Limited is an India-based holding company. The Company is engaged in the business of metal packaging products and aluminum semi rigid containers.

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