Sanofi India, which had hit a new low on 12th May at Rs.6320.70, was in the news today for a good reason. The stock price rose today almost 5.5% to Rs.6843.20 on the back of an 8.5x rise in volumes.

The stock price rose after the company said that it will consider issuing a one-time special interim dividend for the year ending Dec’22 at the Board meeting which is scheduled for 26th July.

The record date for payment of this special interim dividend is set for 8th Aug.

The company had earlier declared a record equity dividend of 1810% and special dividend of 3090% amounting to Rs 309 equity share for the year ended 31st Dec’21.