Business Business: Munjal Auto Industries share prices rose 15 per cent today. After this increase, the company’s share price reached Rs 122.70. This is the company’s 52-week high. We would like to inform you that the company is trading as an ex-dividend stock this month. The company has informed the stock exchanges that the shares will start trading as ex-dividend shares on September 19. The final dividend of Rs 2 will be distributed by the company to eligible investors. Please note that the effective date is the date on which the company verifies its records. Only those investors whose names will be in it will get the dividend.
The share price of the small-cap auto company has risen 35 per cent this year. While Nifty50 registered a gain of 16 per cent during the same period.
Munjal Auto Industries manufactures various components. She also does assembly work. The company operates in automotive, renewable energy, aerospace, defense, space, rail and other industries. In terms of products, the company produces fuel tanks, wheels and body parts.
In the first quarter of the current financial year, the company has made a profit of Rs 522 crore. A year ago this amount was Rs 518 crore. In April-June, the company’s profit was Rs 1 crore. A year ago this amount was Rs 14 crore. This means that the company’s profit is decreasing every year.
