1:1 Bonus Issue, 2:1 Split: NBFC Set To Consider Dividend On May 8, How To Be Eligible?

Mid cap NBFC sector company Capri Global Capital Limited today witnessed sharp rally of nearly 13% on April 15, 2024 despite a weak market where Sensex declined nearly 845 points. Last trading price of the Capri Global Capital share on BSE is Rs 244.95 per share (April 15, 2024). Capri Global Capital shares gave return of 460% in last 5-years. The company has a market capitalisation of Rs 20,206.90 crore.

Capri Global Capital will consider its financial results for the period ended March 2024 and recommend dividend, if any at its upcoming Board of Directors meeting to be held on May 8, 2024. AR Ramachandran from Tips2trades has buy call on Capri Global with target price of Rs 262 per share.

Capri Global Capital To Consider Dividend, Results: As per the regulatory filing of the company dated April 10, 2024, "a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, May 08, 2024 inter-alia to:
a) consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on March 31, 2024;
b) recommend Dividend on Equity Shares of the Company;
c) Appointment of Statutory Auditors."

How To Be Eligible To Receive Capri Global Dividend? Record date plays a significant role in deciding the eligibility of shareholders for the dividend. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Capri Global is yet to issue record date for its upcoming dividend.

Capri Global Capital Shares Performance & Return: The 52-week high price of Capri Global Capital Limited share on BSE is Rs 289.40 per share and 52-week low price is Rs 149.51 per share, respectively. Capri Global Capital shares surged 29% in last 6-months, soared 60% in last 1-year, and offered return of 460% in last 5-years. In last 10-years, Capri Global Capital shares surged 4145%.

Disbursed More Than 10,000 Crores Worth New Car Loans: As per the regulatory filing, "Last year Capri Loans focused on expanding its footprint across the length of the country and established presence at 750 locations in 28 states predominantly in the Tier III cities and Tier IV towns. The lender also increased qualified and experienced work force. In addition to operations ramp up, the NBFC also added a number of banking partners and distributors to support the increasing demand. This has allowed the company to gain market share from urban and semi urban areas where demand for new cars was at a record new high in FY24."

Should You Buy Capri Global Capital Shares? According to AR Ramachandran from Tips2trades,"Capri Global stock price is bullish on daily charts with strong support at Rs 206. A daily close above resistance of Rs 230 could lead to an upward target of Rs 262 in the near term."

Osho Krishan, Senior Research Analyst, Technical & Derivatives at Angel One said, "The stock is in a secular uptrend. After the recent correction from its lifetime highs of Rs 290, it seems poised to continue its primary trend. For now, the Rs 200 zone is likely to act as support. On the higher end, a series of resistance is seen around Rs 235-245 levels, breaching with it is anticipated to see a strong run in the near period."

Capri Global Capital Limited Bonus Share, Stock Split: The company announced 1:1 bonus share and 2:1 stock split in 2024 and fixed the Record date as March 5, 2024.

Capri Global Capital Financials: The company for the quarter ended December 31, 2023 declared its net sales at Rs 605.04 crore, up 57.23% as against Rs 384.80 crore in the corresponding quarter of December 2022. The company's quarterly net profit jumped 81.67% to Rs 67.98 crore from Rs 37.42 crore declared in the similar quarter of last year. Its EBITDA stood at Rs 335.42 crore in December 2023, up 65.81% as compared to Rs 202.29 crore in December 2022.
Capri Global declared its EPS surged to Rs 3.30 in December 2023 from Rs 2.13 in December 2022.

Disclaimer: The stock has been picked from the brokerage report of Angel One & Tips2 Trades. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.