Aster DM stock made a fresh high increasing by 14% and reaching Rs. 558 on Monday after the company announced a Rs. 118 per share special dividend.
This also resulted in a 4x jump in trading volume. It was recorded at 1 crore against its weekly average of 21 lakh.
The special dividend was approved on 12th April and will be credited in 30 days. The ex-dividend date is 23rd April.
Aster DM’s share price traded in a range of Rs. 517.35 to Rs. 558 on Monday against the previous closing of Rs. 488.20.
During this year, the company’s shares have hiked by 30% surpassing the Nifty 50 which increased only 2% for this period.
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