Rs 28 Dividend To Be Paid After Diwali: Pharma Stock Gains As Q2 Profit Jumps 11%, Buy/Sell?

Mid cap pharmaceuticals sector company Ajanta Pharma Ltd shares today surged 0.37% to Rs 2932.00 per share on BSE. The company on October 28 recommended 1st interim dividend of Rs 28 per share amounting to Rs 350 crore. The pharmaceuticals sector company fixed November 6 as the record date and dividend will be paid after November 15, 2024. The company for the July to September quarter declared a surge of 11% YoY in its net profit to Rs 216 crore as against Rs 195 crore announced in the similar quarter of last year. Check details below:

Ajanta Pharma Recommends Dividend:

According to the exchange filing of Ajanta Pharma dated October 28, 2024, "1st interim dividend for the year FY 2025. Each share of Rs. 2 face value will receive a dividend of Rs. 28, amounting to Rs. 350 crore."

Ajanta Pharma Sets Record Date For Dividend:

The BSE filing added, "fixed Wednesday, 6th November 2024 as the Record date for payment of 1st interim dividend. Dividend will be paid on or after 15th November 2024."

Ajanta Pharma Ltd Shares Performance:

The 52-week high price of Ajanta Pharma shares on BSE stood at Rs 3485.75 per share (as on 12/09/2024) and 52-week low price is Rs 1730.20 per share (as on 30/10/2023), respectively. The company has a market capitalisation of Rs 36,531.17 crore. Ajanta Pharma shares slipped 12.60% in last 1-month, surged 35% year-to-date, rallied 122% in last 2-years, and rose 326% in last 5-years.

Ajanta Pharma Q2:

The company declared its revenue from operations surged 15% YoY to Rs 1,187 crore from Rs 1,028 crore in the similar period of last year. EBITDA of Ajanta Pharma surged to Rs 311 crore as compared to Rs 291 crore in the same period an year ago. The firm declared its cashflow from operations stood at Rs 776 crore at the end of the quarter.

Ajanta Pharma Bonus Share, Stock Split History:

Ajanta Pharma offered 2 bonus issues since September 17, 2013. The last Bonus that Ajanta Pharma declared was in the ratio 1:2 with ex-bonus date fixed as June 22, 2022. Ajanta Pharma Ltd. split the face value of its shares twice since August 9, 2012. Ajanta Pharma last split the face value of its shares from Rs 5 to Rs 2 in 2015.The share quoted ex-split as on March 20, 2015.

Ajanta Pharma Dividend History:

Ajanta Pharma recommended 24 dividends since September 5, 2001. In last 1-year, Ajanta Pharma recommended an equity dividend amounting to Rs 26.00 per share. At the current share price of Rs 2932.00, Ajanta Pharma Ltd offers a dividend yield of 0.89%.

Analyst Recommends Buy Call:

According to A R Ramachandran, Independent SEBI Research Analyst, "Ajanta Pharma is bearish on the Daily charts with strong resistance at 3010. A Daily close above this resistance could lead to target of 3233 in the near term. Strong support will be at 2910."

Disclaimer:

The stock has been picked from the brokerage report of AR Ramchandran. 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.