IndiaMART InterMESH shares in focus on declaring Rs 50 dividend
Shares of
IndiaMART InterMESH
are likely to be in focus on Tuesday, June 17, after the company proposed a substantial total
dividend
of Rs 50 per
equity share
for the
fiscal year 2024-25
to its shareholders.
The said payout includes a final dividend of Rs 30 per share and a
special dividend
of Rs 20 per share.
'The following items as stated in the Notice of the AGM were considered at the AGM: To declare a final dividend of Rs. 30/- per equity share for FY 2024-25 and a special dividend of Rs. 20/- per equity share aggregating to total dividend of Rs. 50/- per equity share,' the company said in an exchange filing.
Over the last 12 months, Trendlyne data suggests that IndiaMART has announced a total equity dividend of Rs 50 per share. Based on a market price of Rs 2,490.50, this translates to a
dividend yield
of 2.01%.
IndiaMART InterMESH technical placement
The shares of
IndiaMART InterMESH
are currently placed well above all their short-, medium-, and long-term exponential moving averages (EMAs), i.e., 10, 20, 50, 100, and 200 DEMA.
On the RSI, the stock is placed near the 66.6 mark, which is a mid-range level. An RSI below 30 is considered oversold, and above 70 is considered overbought.
Also read:
Raamdeo Agrawal predicts 3 lakh Sensex target, multibagger strategy and 4 investment themes
IndiaMart InterMESH share price history
Over the past year, IndiaMART InterMESH Ltd.'s stock has declined by 3.39%. However, the stock has shown positive momentum in recent periods, gaining 8.95% year-to-date, 4.79% over the last six months, 27.28% in the past three months, and 5.97% over the last 1 month.
On Monday, the shares of IndiaMart closed nearly 1% higher at Rs 2,489.95 on the BSE.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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