Forbes & Co zooms 20% on special dividend cheer; stock up 53% in 3 days

The company has fixed Thursday, August 25, 2022 as the 'Record Date' for the purpose of ascertaining the shareholders who shall be eligible for receipt of special interim dividend.

Shares of Forbes & Company hit a new high of Rs 620.10, on rallying 20 per cent on the BSE in Tuesday’s intra-day trade after the company announced a special interim dividend of Rs 65 per equity share (650 per cent). In the past three trading days, the stock of household appliances company has zoomed 53 per cent from a level of Rs 404.25 on August 10, 2022.

At 10:11 am, Forbes & Company traded 16 per cent higher at Rs 598.50 on the BSE. In comparison, the S&P BSE Sensex was up 0.71 per cent at 59,885.