Rs. 15/Share Dividend: Payable By November 13; CRISIL Share Price Target?

Encouraging markets to work better is the purpose of CRISIL, a cutting-edge, inventive, and agile global analytics firm. With a strong growth history, an innovative culture, and a worldwide presence, it is the leading provider of ratings, data, research, analytics, and solutions in India. The bulk of its shares are held by S&P Global Inc., a prominent global supplier of transparent, unbiased ratings, benchmarks, analytics, and data to the capital and commodity markets. It has given more than 100,000 clients unbiased viewpoints, useful insights, and effective solutions.

CRISIL Dividend

"The Board of Directors has also approved the payment of third interim dividend of Rs. 15 per equity share of face value of Re 1 each, for the financial year ending December 31, 2024, which will be paid on November 13, 2024," said the company in a stock exchange filing.

"The Board of Directors declared an interim dividend of Rs 15 per share (of Rs 1 face value) in the current quarter for the financial year ending December 31, 2024, compared with Rs 11 per share declared during the corresponding quarter of the previous year," CRISIL informed stock exchanges.

CRISIL Q3 Results

Consolidated income from operations for CRISIL increased 10.3% to Rs 811,8 crore in Q3 2024 from Rs 735,9 crore in the same quarter the year before. Compared to Rs 771.8 crore in the same quarter the previous year, consolidated total income increased 7.9% to Rs 833.2 crore in Q3 2024. In Q3 2024, profit before tax rose 14.1% to Rs 228.5 crore from Rs 200.3 crore in the same period the previous year. Ratings company CRISIL Ltd said on Wednesday, October 16, that its net profit for the third quarter ended September 30, 2024, increased 12.9% YoY to Rs 171.6 crore. According to a regulatory statement by the business, Crisil reported a net profit of Rs 152 crore for the corresponding quarter of the previous fiscal year. In comparison to Rs 191.7 crore during the same time in the previous fiscal year, EBITDA climbed 16.7% to Rs 223.8 crore in the third quarter of the current fiscal year. In the quarter under review, the EBITDA margin was 27.6%, down from 26.1% during the same time in the previous fiscal year.

CRISIL Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "CRISIL is currently trading near Rs 4900, following an 8% gap-up opening, which led to profit booking at higher levels. On the weekly chart, the stock has formed a rounding bottom pattern with significant volume, signaling that the strong bullish trend is likely to continue. On the downside, immediate support is located at Rs 4750, providing potential buying opportunities on dips."

"The Relative Strength Index (RSI) is currently at 64 and trending upward, indicating increasing buying momentum. To manage risk effectively, a stop-loss at Rs 4600 is recommended to protect against any unexpected market reversals. Based on technical analysis and current market conditions, CRISIL presents a compelling buying opportunity for those targeting Rs 6000 and Rs 6400, provided that appropriate risk management strategies are implemented," the analyst 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.