National Peroxide Gains Over 7% Post Dividend Announcement


National Perioxide, a chemical manufacturing company, on Tuesday’s post market announced that the board of directors have recommended a dividend of Rs 34 per equity share of Rs 10 each (340%) to the equity shareholders of the company.

The investors reacted positively on Wednesday’s trading session as the share price of the company rallied 7.2% on the NSE at 1045 hours. The stock has delivered a whopping 124% returns in a period of one year and has outperformed the BSE Small cap and Nifty Commodities indices over the same time period.

National Peroxide Limited is a manufacturer of hydrogen peroxide, sodium perborate, compressed hydrogen gas and per acetic acid. The company operates through two divisions: manufacturing of peroxygens and hydrogen gas, and others, which consists of investing activities.

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