Taparia Tools hits upper circuit with a ₹40 dividend payout ahead of record date

Shares of Taparia Tools jumped by 4.99% to hit the upper circuit of ₹17.89 during Monday's intraday trading session. The company announced an interim dividend of ₹40 per equity share for the financial year. This payout represents a 400% dividend on the stock's face value of ₹10 each. The board of directors declared this dividend from the distributable profits.

Dividend Schedule

The company fixed Thursday, November 12, as the record date to decide which shareholders are eligible for the payout. Investors must own the shares before this date to qualify for the corporate action. Consequently, Wednesday, November 11, serves as the last date to buy the stock and become eligible.

Financial Performance

Taparia Tools reported an 18.42% increase in its net profit to reach ₹47.97 crore for the second quarter of the financial year. The net profit stood at ₹40.50 crore during the same period in the previous year. The company's net revenue from operations rose to ₹289.04 crore compared to ₹253.43 crore in the corresponding quarter.

Stock Performance

The stock reached a 52-week high of ₹37.08 per share on July 20, 2026. Conversely, it touched a 52-week low of ₹10.50 per share on November 19, 2025. The penny stock delivered a return of 70.38% over three months and 541% over three years, despite a decline of 35.39% over the last six months.

Context

A dividend record date is the cut-off point set by a company to determine which registered shareholders are entitled to receive a declared dividend. Companies often see increased trading activity and stock price movements as investors rush to buy shares before the eligibility window closes. Such high dividend payouts relative to a low share price are relatively rare in the broader equity markets.