Healthcare Stock Set To Consider Dividend, Results On Aug 7; Shares Gain 183% In 5-yrs

Dr Lal PathLabs shares today witnessed marginal rally of 0.39%. Dr Lal PathLabs Ltd informed today about its upcoming meeting of Board of Directors scheduled to be held as on August 7, 2024 to consider financial results and dividend. Current market price of Dr Lal PathLabs Ltd share on BSE is Rs 3090.00 per share. Dr Lal PathLabs shares offered return of 30% in last 3-months and rose 33% in last 1-year. Its market capitalisation stood at Rs 25,795.43 crore. Life Insurance Corporation Of India has 1.47% stake in in Dr Lal PathLabs with 1,231,246 shares of the company. Check more details below:

Dr Lal PathLabs Ltd To Consider Dividend: As per the BSE filing of Dr Lal PathLabs Ltd issued today, "This is to inform you that a meeting of the Board of Directors is scheduled to be held on Wednesday, August 7, 2024 to inter-alia consider and approve the Un-audited (Standalone & Consolidated) Financial Results of the Company for the Quarter ended June 30, 2024 and to consider recommending Interim Dividend, if any, on the Equity Shares of the Company for the Financial Year 2024-25."

Dr Lal PathLabs Share Performance: The 52-week high price of Dr Lal PathLabs share on BSE is Rs 3150.00 per share (as on 31/07/2024) and 52-week low price is Rs 1943.20 per share (as on 19/03/2023), respectively. Dr Lal PathLabs shares rallied over 11% in last 1-month, rose 23% in last 6-months, and gained 34% in last 2-years. In last 5-years, Dr Lal PathLabs shares gained over 183%.

Dr Lal PathLabs Dividend History: Dr. Lal Pathlabs Ltd. announced 19 dividends since July 20, 2016. In last 1-year, Dr. Lal Pathlabs announced an equity dividend amounting to Rs 30.00 per share. At the current share price of Rs 3090.00, Dr. Lal Pathlabs Ltd.'s dividend yield is 0.97%.

Dr Lal PathLabs Shareholding: FII/FPI have decreased holdings from 26.15% to 25.43% in Jun 2024 qtr. Number of FII/FPI investors increased from 303 to 317 in Jun 2024 qtr. Mutual Funds have increased holdings from 6.79% to 9.30% in June 2024 quarter. Number of MF schemes increased from 26 to 29 in Jun 2024 qtr. Institutional Investors have increased holdings from 35.84% to 38.14% in Jun 2024 qtr, according to Trendlyne.

Disclaimer:

The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.