A company engaged in the business of industrial machinery has given a stellar return. This company is Stovec Industries Limited. The shares of the company have crossed Rs 2700 from Rs 70 in the last few years. Stowake Industries has now declared a final dividend of 570 per cent or Rs 57 per share. The ex-date for dividend is 28 April 2022. At the same time, the record date is 30 April 2022.
Rs 1 lakh would have become more than Rs 40 lakh
Stovek Industries shares were at the level of Rs 70 on the Bombay Stock Exchange (BSE) on 14 November 2008. The company’s shares have closed at Rs 2842.35 on BSE on 26 April 2022. The shares of the company have given returns of more than 3800 per cent during this period. If a person had invested Rs 1 lakh in the shares of the company on November 14, 2008 and had retained his investment, then at present this money would have been Rs 40.60 lakh.
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The company’s shares are still at Rs 18
On 6 August 1998, the stock of Stovac Industries was trading at Rs 18 on the Bombay Stock Exchange (BSE). On 26 April 2022, the company’s shares closed at Rs 2,842.35 on BSE. If an investor had invested Rs 1 lakh in the shares of the company on August 6, 1998 and had retained his investment, the present amount would have been Rs 1.57 crore. The 52-week low of Stowak Industries shares is Rs 1766. At the same time, the 52-week high level of the company’s shares is Rs 2949.
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