Eldeco Housing & Industries Limited is a small-cap company with a market capitalization of Rs. 650.80 crore which is included in the Consumer Discretionary Goods and Services (CDGS) sector. Eldeco Group is the leading real estate builder and developer in India. The two main group companies are Eldeco Housing and Industries Limited (EHIL) and Eldeco Infrastructure and Properties Limited (EIPL). EHIL, which was established in 1985, has served as a leading project provider to the industrial sector across the country for more than three decades, with its headquarters in Lucknow.
The company in its stock exchange filing said that “The Board of Directors in its meeting held on 13th May, 2022 had recommended a final dividend of Rs. 8/- (400%) per equity share of face value of Rs. 2/- for the approval of the shareholders of the company at the AGM to be held every Wednesday, the 28th September, 2022. In accordance with Regulation 42 of the SEBI Listing Regulations, the Company has scheduled on Wednesday, September 21, 2022. Record date for determining the eligibility of members for final dividend for the financial year ended March 31, 2022. The final dividend as recommended by the Board of Directors, if approved at the AGM, shall be paid (subject to deduction of tax at source) within 30 days from the date of its declaration to the members/owners of the beneficiary: a) National Securities Depository Limited and to all beneficial owners in respect of shares held in demat form as per data provided by Central Depository Services (India) Limited at the close of business hours on Wednesday, the 21st September, 2022; b) to all members in respect of shares held in physical form after giving effect to valid transmission or transposition requests lodged with the company till the close of business on Wednesday, the 21st September, 2022.
Shares of Eldeco Housing & Industries Ltd closed today 668.45 each on BSE, down 1.13% from previous close 661. The stock has given a multibagger return of 1956.77% in the last ten years and a multibagger return of 276.87% during the last five years. The stock has appreciated 73.26% in the last three years and 7.54% over the previous year. The stock has dropped 24.64% YTD so far in 2022 and is up 23.56% in the past month. The stock had touched a 52-week high Another 52 week low at 976.80 (11/01/2022) At 498.35 (26/05/2022), it shows that the stock is trading up 31.56% from the high and 34.13% from the low at the current market price.
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