This Micro Cap Stock That Has Surged 500% In 3 Years Is Considering Dividend, Buyback And Stock Split

Hindcon Chemicals will be holding a board meeting later this week on August 26 to consider and approve a Dividend, Buyback and/or Stock split.

The company informed about the board meeting earlier this month. The company also reported its results for the quarter ended June a few days back. The micro-cap company’s revenue from operations for the June quarter stood at ₹17.3 crore, down 18% from the ₹21.1 crore it reported in the same quarter last year.

See Also: Why This Zerodha Broking-Backed Small Cap Stock Is Surging 6% Today

Profits for the quarter surged up over 145% to ₹2.5 crore as compared to the ₹1 crore profit it booked in the corresponding quarter last year. Earnings per share for the quarter stood at ₹3.3.

From ₹20-₹25 levels in early 2021 to the current ₹130 levels, the stock has surged up over 500% in the past two years.

Price Action: Hindcon Chemicals shares were trading 0.44% lower at ₹137.05 in the early hours of trading on Tuesday.

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Posted In: DividendsTrading IdeasHindcon Chemicals