Ex-Dividend: Small-Cap Stock Up 229% in 1-Yr, InvestingPro Sees 91% Upside

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Ex-Dividend: Small-Cap Stock Up 229% in 1-Yr, InvestingPro Sees 91% Upside
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Shares of Brand Concepts (NS: BRAN ) turned ex-dividend on Wednesday and declined almost 2% in the session.

Its Board of Directors had declared an interim dividend of Rs. 0.5/share of the face value of Rs 10 apiece for the financial year 2022-23, translating to a dividend of 5%.

The small-cap company’s Board had initially set the record date for determining the shareholder eligibility for the said interim dividend as March 29, 2023. However, it revised the record date to March 30, 2023.

Brand Concepts will remit the interim dividend benefit to eligible shareholders of the company on Monday, 16 April, 2023, it said to the stock exchanges last week.

The small-cap company’s shares have skyrocketed over 229% in the past one year, making it a multibagger stock.

According to InvestingPro models, the most bullish fair value of Rs 408/share set on Brand Concepts’ stock is at a 91.5% upside from its current market price.

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