Hi Team, this is a penny cap stock (Taparia Tools Ltd). I have a technical query and would to get an answer. It is trading around 10 and has declared 77.5 as dividend per share. Ex-Div date was yesterday. This is highly illiquid and mostly in circuit limits. How can a stock trading at 10 declare 77.5 as dividend?
Has it ever traded at the CMP?
No idea. Never knew of this stock. Looks like manipulated one. But technically wanted to understand what would have happened on ex-date. No trades happened and so no change to LTP. Nothing happened
It’s not the first time they’ve given such a dividend looks like.
I have bought their products from Amazon. They make tools. (Pretty decent) I always assumed it was some Chinese import rebranded and sold. From their exchange filing, they seem to be manufacturing locally