India Motor Parts and Accessories Limited declares interim dividend

India Motor Parts and Accessories Limited has informed the Exchange that the Board of Directors, at its meeting held on January 27, 2017, have declared an interim dividend of Rs. 5/- per share (50%) for the financial year 2016-17. The dividend will be paid on or after February 16, 2017.

Jan 28, 2017 09:01 IST India Infoline News Service

India Motor Parts and Accessories Limited has informed the Exchange that the Board of Directors, at its meeting held on January 27, 2017, have declared an interim dividend of Rs. 5/- per share (50%) for the financial year 2016-17. The dividend will be paid on or after February 16, 2017.

India Motor Parts & Accessories Limited (IMPAL) a TVS Group Company is engaged in the distribution of automobile spare parts and accessories through its 50+ branch network representing over 50 manufacturers. IMPAL is one of the few all India distributors of motor parts and deals in engine group components, brake systems, fasteners, radiators, suspensions, axles, auto electrical, wheels, steering linkages, instrument clusters etc.





Stock view:-
 
India Motor Parts & Accessories Ltd is currently trading at Rs 774, down by Rs 0.8 or 0.1% from its previous closing of Rs 774.8 on the BSE.
 
The scrip opened at Rs 774 and has touched a high and low of Rs 774 and Rs 774 respectively. So far 379(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 624 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 995 on 29-Jul-2016 and a 52 week low of Rs 650 on 08-Feb-2016. Last one week high and low of the scrip stood at Rs 774.8 and Rs 742 respectively.
 
The promoters holding in the company stood at 30.72 % while Institutions and Non-Institutions held 8.39 % and 60.9 % respectively.
 
The stock is currently trading above its 200 DMA.

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