Shares of smallcap stock Raghav Productivity Enhancers will trade ex-dividend on Friday, July 7, 2023 and the record date has been set as July 8, according to BSE data. In their first meeting for fiscal 2023-24 held on April 23, the board of directors of Raghav Productivity Enhancers recommended a final dividend of Rs. 1.00 per equity shares of Rs. 10 each for the financial year ended on March 31, 2023, to the shareholders of the company.
Shares of smallcap stock Raghav Productivity Enhancers will trade ex-dividend on Friday, July 7, 2023 and the record date has been set as July 8, according to BSE data. In their first meeting for fiscal 2023-24 held on April 23, the board of directors of Raghav Productivity Enhancers recommended a final dividend of Rs. 1.00 per equity shares of Rs. 10 each for the financial year ended on March 31, 2023, to the shareholders of the company.
As per the shareholding data, Rekha Jhunjhunwala – wife of late veteran investor Rakesh Jhunjhunwala, holds 6 lakh shares of the company, which is one of the portfolio stocks of Ashish Kacholia and Mukul Agrawal. Ashish Kacholia owns 2.02 per cent stake in the company whereas Mukul Agrawal holds 1.55 per cent stake in this small-cap stock.
As per the shareholding data, Rekha Jhunjhunwala – wife of late veteran investor Rakesh Jhunjhunwala, holds 6 lakh shares of the company, which is one of the portfolio stocks of Ashish Kacholia and Mukul Agrawal. Ashish Kacholia owns 2.02 per cent stake in the company whereas Mukul Agrawal holds 1.55 per cent stake in this small-cap stock.
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In shareholding data of October to December 2022, Rekha Jhunjhunwala’s name was missing from the list of individual shareholders who own one per cent or more stake in the company. This means, Rekha Jhunjhunwala added shares of this small-cap stock in her portfolio.
After the stock market news on Rekha Jhunjhunwala adding the small-cap stock to her portfolio made headlines in April, huge buying happened in the scrip leading to a 9 per cent rise in the share price of Raghav Productivity Enhancers.
According to the shareholding pattern of Raghav Productivity Enhancers, Rekha Jhunjhunwala holds 6 lakh company shares, which is 5.23 per cent of the total paid up capital of the company.
Raghav Productivity Enhancers reported a net profit of Rs.7.1188 crore for the January-March quarter of fiscal 2022-23, compared to a net profit of Rs.5.0773 crore in the year-ago period. The company reported a total income of Rs.34.4797 crore during the period ended March 31, 2023, compared to Rs.32.0123 crores in the corresponding period of previous fiscal.
On June 30, shares of Raghav Productivity Enhancers opened at ₹1,085 and went on to hit an intraday high of ₹1,096 apiece levels. It settled 2.47 per cent lower at ₹1,038.95 apiece on the BSE.
Meanwhile, domestic equity benchmarks Sensex and Nifty ended at their fresh closing highs on Friday as investors remain positive about the long-term prospects of the domestic market due to healthy macroeconomic indicators while global cues are also improving as concerns over a recession in the US eases.
Sensex opened 153 points higher at 64,068.44 against the previous close of 63,915.42 and jumped 853 points in intraday trade to hit its fresh all-time high of 64,768.58. The Nifty50 also hit its fresh record high of 19,201.70 in intraday trade.
Eventually, the Sensex closed 803 points, or 1.26 per cent, higher at 64,718.56 while the Nifty closed the day at 19,189.05, up 217 points, or 1.14 per cent. This was the third consecutive session of gains for the Sensex and the fourth consecutive session of gains for the Nifty.
The BSE Midcap index also hit its fresh all-time high of 28,791.86 in intraday trade before ending 0.67 per cent higher at 28,776.20. The BSE Smallcap index failed to scale its new peak but ended with a decent gain of 0.51 per cent…
Read More: Smallcap Rekha Jhunjhunwala portfolio stock to trade ex-dividend next week;