With a 1-year CAGR of 469%, this multibagger stock sets a record dividend date

With a market valuation of 257.40 crore, Shreeji Translogistics Ltd. is a small capitalization company that operates in the logistics sector. The company is one of the leading providers of comprehensive domestic logistics solutions in India. The company offers a wide range of logistics services, including bond trucking and import-export container movement. The organization is an industry expert in parcel and LTL services with over 40 years of expertise in freight management, logistics solutions and warehousing services.

The company said in a regulatory filing that “Your directors are pleased to recommend a final dividend of Re. 1/- per share of capital of par value Rs. 10/- each (i.e. at 10% of Par Value) for the year ended March 31, 2022. In addition, pursuant to Regulation 42 of the Listing Regulation, the Company has set Friday, August 26, 2022 as the record date for determining Members’ entitlement to payment of the final dividend, if approved at the AGM.”

The Company has specified August 26, 2022 as the record date for determining shareholder eligibility for dividend payment, and the dividend payment will be made by October 6, 2022.

Shares of Shreeji Translogistics Ltd closed Friday at 245.50 each, down 0.61% from the previous close. Over the past 5 years, the stock has generated a multibagger return of 457.95%, which translates to a compound annual growth rate (CAGR) of approximately 40.98%. Over the past year, the share price has gone from 43.50 per share as of August 18, 2021 at the current market price which sees a multibagger yield of 464.37% and a CAGR of approximately 469.77%. On a YTD basis, the stock has gained 43.99% so far in 2022. Over the past 6 months, the stock has gained 22.14% and has gained 6.28% over the past month. At the current market price of 245.50 the stock is trading above the 5-day, 10-day, 20-day, 50-day, 100-day and 200-day Exponential Moving Average (EMA).

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