Small Cap Stock: This stock filled the pockets of investors, gave a return of Rs 336 in a year, now dividend has been announced…

Small Cap Stock: Godavari Power and Steel Limited (GPIL), a small company specializing in the manufacture of steel and iron products, has announced the split of its shares. The board of directors of the company took this decision on 7 August 2024. Now the company has fixed 4 October 2024 as the record date for the split.

Godavari Power & Steel has given a stellar return of 231% in the last two years and 2354% in the last five years. In addition, on August 16, 2024, the company declared a dividend of Rs 5.00 and Rs 1.25 per share, taking the total dividend to 125%.

Godavari Power & Steel Shares

The current share price of Godavari Power & Steel Ltd. is Rs 937.45, showing a rise of Rs 2.75 or 0.29% as of September 20. The previous close price was Rs 934.70, while the stock opened at Rs 948.70. During the trading session, the stock touched a high of Rs 949.05 and a low of Rs 933.20. The market capitalization of the company is Rs 12,542.61 crore.

The company has approved the proposal to split the issuer into five equity shares of face value of Rs 5 per share to increase liquidity in the market and to facilitate small investors. The share split ratio is 1:5.

What does Godavari Power & Steel do?

Godavari Power and Steel Limited (GPIL), formerly known as Ispat Godavari Limited (IGL), was incorporated in 1999 to set up an integrated steel plant including captive power generation. It is an integrated steel manufacturer, dealing in the long product segment of mild steel wire.

GPIL manufactures sponge iron, billets, ferro alloys, captive power, wire rods, steel wire, oxygen gas, fly ash bricks and pellets. The company also has mining rights for iron ore and coal for captive use, allowing it to operate across the entire value chain.