Rs 110/Share Dividend: Mid Cap Stock To Go Ex-Dividend Tomorrow, Gains 4.2% In 2-Weeks

Shares of mid cap company from the finance sector, Maharashtra Scooters Ltd are set to go ex-dividend tomorrow for interim dividend of Rs 110 (1100%) per equity share of the face value of Rs 10 for the financial year March 31st 2024. The company had fixed the record date as September 29, 2023 earlier in its board of directors' meeting held on September 15, 2023. Current market price of Maharashtra Scooters share is Rs 7780.00 per share with gain of 1.40% on BSE.

Maharashtra Scooters Shares To Go Ex-Dividend: As per the regulatory filing of Maharashtra Scooters issued on 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 Performance & Return: Last Current market price of Maharashtra Scooters stock on BSE is Rs 7780.00 apiece on BSE. Maharashtra Scooters shares hit 52-week high on September 26 and Sept 25. The stock has been witnessing spurt in volume for the last few days as well. The company's market capitalisation is Rs 8891.43 crore.

Maharashtra Scooters Q1 Financial Outlook: The company for the quarter ended June 2023 declared a rise of 72.46% in its net sales at Rs 5.26 crore as against Rs 3.05 crore announced in the corresponding quarter of last year. Its quarterly net profit declared at Rs 0.48 crore in June 2023, down 66.43% as against Rs 1.43 crore announced in corresponding quarter of June 2022. EBITDA stood at Rs 1.21 crore in June 2023, down 53.28% as against Rs 2.59 crore declared 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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