2 Midcap Stocks Declared 2nd Interim Dividend For FY23, Check Record Date Here

Previous week two mid-cap stocks from the Services and Luggage Bag sector, namely Route Mobile, and VIP industries, declared their 2nd interim dividends for the FY23. The Board of Directors of the companies held their meeting held on the 25th and 26th January where the company informed the investors about the declaration of the Interim Dividend. Here we list these stocks with highlights:

1. Route Mobile Stock Performance and Outlook

The stock of Route Mobile is currently trading at Rs 1,205.05 apiece on NSE. It opened today at Rs 1,214.70 apiece, while the previous close was Rs 1,204.95 apiece. Its 52-week high is Rs 1,888.90 apiece and its 52-week low is Rs 1,052 apiece on NSE, respectively. It was listed on September 21, 2020.

The stock since its date of listing has given over 80% positive returns. In the past 1 week, it has given 6.2% positive returns. However, in the past 1 and, 3 months the share price has fallen 0.21% and 7.31%, respectively. In the past 1 year, it has fallen 24.62% positive returns.

Route Mobile is a midcap service sector stock. It is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). It has a market capitalisation of Rs 7,508.23 crore.

1.1 Route Mobile declares 2nd interim dividend of Rs. 6

The Board Of Directors of Route Mobile in its Regulatory Filing to BSE/NSE on January 26, 2023, said, "Pursuant to the Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ("Listing Regulations"), we hereby inform you that the Board of Directors of Route Mobile Limited ('Company') at its meeting held today i.e. January 26, 2023 have declared the Second Interim Dividend of Rs. 6/- per equity share of Rs. 10/- each of the Company for the F.Y 2022-23."

2. VIP Industries Stock Performance and Outlook

The stock of VIP Industries is currently trading at Rs 706.90 apiece on NSE. Today, it opened at Rs 6,96.25.70 apiece while the previous close was 702.05 apiece. Its 52-week high is Rs 774.60 apiece and its 52-week low is Rs 505.65 apiece on NSE, respectively. It was listed on September 21st, 2020.

The stock has performed well over the past years. In the past 1 week, it moved up 0.86% and in 1 month it moved up 5.86%. The stock has given 25.94% positive return in the last 1 year. In the last 3 years, it gave 54.53% positive return. In the past 5 years, it gave the highest 109.63% positive returns.

VIP Industries Route Mobile is a midcap luggage bag manufacturer. It is amongst Asia's leading manufacturers and suppliers of luggage backpacks and handbags. It has a market capitalisation of Rs 10,009.02 crore.

2.1. VIP Industries declares 2nd interim dividend of Rs. 2

The Board Of Directors of the VIP Industries in its Regulatory Filing to BSE/NSE on January 25, 2023, said, "In continuation to our letter dated 20th January, 2023, we wish to inform you that the Board of Directors at its meeting held today at 1:45 p.m. and concluded at 3:25 p.m. declared 2nd Interim Dividend of Rs. 2/- (Rupees Two) per equity share of face value of Rs. 2/- each for the Financial Year 2022-23 (100%). The 2nd Interim Dividend for the Financial Year 2022-23 shall be paid on or after 14th February, 2023. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has fixed Thursday, 2nd February, 2023 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of 2nd Interim Dividend."

Disclaimer

The above-mentioned information is purely informational. Greynium Information Technologies and the Author 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.