1100% Dividend: Diversified Co Sets Record Date, Stock Up 74% In 6-Months

Mid cap company operating in finance sector, Maharashtra Scooters Ltd held its board meeting on Friday and Set September 29 as record date for interim dividend of Rs 110 (1100%) per equity share of the face value of Rs 10 for the financial year March 31st 2024. Last trading price of Maharashtra Scooters share is Rs 7507.70 per share with marginal intraday surge of 1.45% on BSE. Maharashtra Scooters shares offered return of 74% in last 6-months and gained 146% in last 3-years. Check details below:

Maharashtra Scooters Declares Record Date For Interim Dividend: According to the BSE filing of Maharashtra Scooters dated September 15, 2023, "This is to inform you that the Board of Directors of the Company at its meeting held today, i.e., Friday, 15 September 2023, considered and declared an Interim Dividend of Rs. 110 (1100%) per equity share of face value of Rs. 10, for the financial year ending 31 March 2024."

Further, pursuant to Regulation 42 of the SEBI Listing Regulations, the record date for the purpose of determining the members eligible to receive the Interim Dividend has been fixed as Friday, 29 September 2023. The aforesaid Interim Dividend shall be credited / dispatched on or around Friday, 13 October 2023.

Maharashtra Scooters Stock Outlook & Return: Last trading price of Maharashtra Scooters share is Rs 7507.70 per share with intraday gain of 1.45%. Its 52-week high price is Rs 7826.90 per share and 52-week low price is Rs 4051.10 per share, respectively. Its market capitalisation is Rs 8514.45 crore. Maharashtra Scooters shares gained 40% in last 3-months, soared 74% in last 6-months, jumped 58% YTD, and rose 42% in last 1-year. In last 2-years, Maharashtra Scooters stock surged 69% and offered shareholders return of 146% in last 3-years.

Maharashtra Scooters Financials: The company for the quarter ended June 2023 announced a surge of 72.46% in its net sales at Rs 5.26 crore as against Rs 3.05 crore declared in the same quarter of last year. The company's quarterly net profit announced at Rs 0.48 crore in June 2023, down 66.43% as compared to Rs 1.43 crore declared in corresponding quarter of June 2022. Meanwhile, EBITDA announced at Rs 1.21 crore in June 2023, down 53.28% as compared to Rs 2.59 crore announced in June 2022.

Maharashtra Scooters About: Maharashtra Scooters Limited is a subsidiary of Bajaj Holdings and Investment Limited and is listed on BSE Limited and National Stock Exchange of India Limited.

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