Additionally, The Board have declared a final dividend on equity shares for the first time ever at 10 per cent or Rs 1 per equity share of the face value of Rs 10 for the financial year ended March 31, 2023. In addition, the company is the first SME enterprise from the region of Jammu and Kashmir to be listed on a stock exchange.

The overall market sentiment seems positive, as approximately 1532 stocks are advancing compared to 332 stocks that are declining in the broader market.

Previously, the company signed the memorandum of understanding (MOU) with Chetak Equine Development Private Limited (CEDPL) on July 18, 2023, to Co-organize the Show named Sarangkheda Chetak Festival for the upcoming 10 years.

The stock gave multibagger returns of 112 per cent in just 6 months and over 200 per cent in 1 year. The stock gave multibagger returns of 230 per cent in just 6 months and over 400 per cent in 1 year.

The acquisition of SIL will help ACL to strengthen its market leadership and increase its cement capacity to 73.6 MTPA from the current 67.5 MTPA. With the ongoing capex of 14 MTPA and with commissioning of 5.5 MTPA capacity at Dahej and Ametha by Q2 of FY24, the Adani Group’s capacity will be 101 MTPA by 2025.

Shares of the company gained more than 35 per cent in the last six months.

The proposal for fund-raising by way of issuance of equity shares of face value of Rs. 1 each of the company to its eligible equity shareholders on a rights basis ("Rights issue") for a value of up to Rs. 300 crore or through any other mode of capital raising.

The company has received an order from Oil and Natural Gas Corporation Limited (ONGC) for the revamping of SV stations, Gas Terminal & Kribhco Terminal of ONGC, Hazira Plant on EPC reimbursable [Open Book Estimate (OBE)] Basis. The project is worth Rs 837.34 crore and it will be completed in 45 months from LOI. 

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The company has consistently maintained a robust dividend payout ratio of 18.2 per cent.