Special Interim Dividend of Rs 10 Announced By Subsidiary of Honda Motor: Record Date & Payout Details Inside

Founded on September 19, 1985, Honda India Power Products Limited (HIPP), the country's top power products firm, is a division of Honda Motor Company, Japan. At its cutting-edge production facilities in Greater Noida, the firm, a leader in the power products field, produces and markets a variety of portable generators, water pumps, and general-purpose engines. Additionally, it markets power tillers, long-tailed outboard motors, brush cutters, and lawnmowers.

Honda India Power Products Dividend

The Board of Directors considered and approved "Declaration of interim (special) dividend@ 100% i.e., Rs. 10/- per equity share, having a nominal value of Rs. 10/- for the Financial Year 2024-25. The interim (special) dividend shall be paid to all eligible shareholders on March 10, 2025, whose name appears in the Register of Members as on the Record date i.e., Tuesday, February 18, 2025," said Honda India Power Products in a stock exchange filing.

Honda India Power Products Q3 Financials

Honda India Power Products' net profit dropped 32.59% to Rs 19.09 crore in the December 2024 quarter from Rs 28.32 crore in the December 2023 quarter. Compared to Q3FY24, which ended in December 2023, when sales were Rs 263.38 crore, sales in Q3FY25 fell 22.48% to Rs 204.18 crore. Q3 earnings per share (EPS) were Rs 18.82, a 32.59% fall from the year-ago quarter.

Honda India Power Products Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "Honda power stock has been in a consistent downtrend, forming a lower low and lower high pattern, indicating sustained bearish momentum Currently priced around ₹2296.6, The recent rise from the support levels at 2130 follows a long period of decline, hinting that things could improve if more buyers continue to support the stock. The lower highs and lower lows formation on the daily chart suggests that every minor rally has been met with selling pressure, preventing the stock from breaking key resistance levels."

"Honda power is still trading below its major moving averages: the 20-day EMA, 50-day EMA and the 100-day EMA. Being below these levels usually signals a bearish trend, but if the stock closes above them, it might show the beginning of a turnaround. A close above the 20-day EMA would be a positive sign, and crossing the 50-day EMA would further strengthen this. However, if it stays below these points, the stock may struggle to go higher," the analyst added.

"The recent low around ₹2100 is acting as a support level, where some buyers are stepping in. If Honda power falls below this support, it could continue its downtrend. But if it breaks above the resistance at the 20-day and 50-day EMAs, it might move toward ₹2700, which would be a stronger recovery sign. Overall, the technical structure remains weak, and investors should remain cautious until a clear reversal pattern emerges. A suggested stop loss (SL) could be placed at ₹2100 to limit downside risk, while the target is set at ₹2700, for further movement," Mandar Bhojane further recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.