Small-cap stock Rushil Decor jumps 9% ahead of dividend announcement date
Dividend-paying stock: With the eagerly anticipated board meeting of Rushil Decor scheduled for 9th May 2024, the Company has informed the Indian stock market bourses that its board of directors will consider and approve the proposal for the final dividend. This significant event will coincide with the discussion of the Q4 results 2024, adding to the anticipation.
If approved, the final dividend payable in FY24 will be declared along with the Rushil Decor Q4 results 2024 on 9th May 2024, providing a comprehensive update on the Company's financial performance. As the market eagerly awaited the Q4 results 2024 date and the declaration of the final dividend for FY24, shares of Rushil Decor saw a flurry of activity in the early morning sessions.
The small-cap stock opened on a positive note at ₹309.50 apiece on NSE and surged to an intraday high of ₹337 per share, marking an intraday rise of nearly 9 percent during Friday deals. However, the stock experienced profit-booking and settled at ₹330 apiece levels, reflecting the market's response to the news.
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