Rs 110/Sh Dividend: Bajaj Holdings Stock Sets Sept 25 As Record Date, Shares Gain 40% YTD

Mid cap holding company Maharashtra Scooters Ltd today fixed September 25, 2024 as the record date for an interim dividend of Rs 110 (110%) for the financial year ended March 31, 2024. The dividend will be credited/dispatched on or around October 10, 2024, as per the BSE filing of Maharashtra Scooters. Current market price of Maharashtra Scooters Ltd shares on BSE is Rs 10,272.95 per share with marginal gain of 0.20% in trade today. Maharashtra Scooters shares climbed 40% so far this year and soared 124% in 2-years. Maharashtra Scooters shares already jumped 53.28% from 52-week low price of Rs 6702.00 per share that it hit on March 19, 2024. Maharashtra Scooters has a market capitalisation of Rs 11,740.51 crore. Check key details pertaining to Maharashtra Scooters' dividend below:

Maharashtra Scooters Sets Record Date For Dividend: As per the regulatory filing of Maharashtra Scooters dated September 12, 2024, "we wish to inform you that the Board of Directors at its meeting held today, i.e., on Thursday, 12 September 2024, has noted/approved the following:

An Interim Dividend of Rs. 110 (1100%) per equity share of face value of Rs. 10, for the financial year ending 31 March 2025 has been declared by the Board at its meeting held today i.e. 12 September 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 Wednesday, 25 September 2024."

The aforesaid Interim Dividend shall be credited / dispatched on or around Thursday, 10 October 2024, to the eligible shareholders as on the said Record Date, added the exchange filing.

Maharashtra Scooters Stock Performance & Return: The 52-week high price of Maharashtra Scooters is Rs 10,363 per share (as on 11/09/2024). Maharashtra Scooters shares gained over 10% in last 1-month, soared 42% in last 6-months, and offered return of 36% in last 1-year. In last 3-years, Maharashtra Scooters shares zoomed 129% and 143% in last 5-years.

Maharashtra Scooters' Shareholding: FII/FPI have increased holdings from 4.42% to 4.54% in June 2024 quarter. Number of FII/FPI investors increased from 81 to 86 in June 2024 quarter. Mutual Funds have increased holdings from 2.05% to 2.33% in June 2024 quarter. Institutional Investors have increased holdings from 9.51% to 9.91% in June 2024 quarter. General insurance corporation of india has 3.01% stake in Maharashtra Scooters with 344,159 shares of the company, according to Trendlyne.

Maharashtra Scooters Dividend History: Maharashtra Scooters announced a total of 26 dividends since June 29, 2001. In last 1-year, Maharashtra Scooters announced an equity dividend amounting to Rs 170.00 per share. At the current share price of Rs 10250.00, Maharashtra Scooters offers a dividend yield of 1.66%.

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. MSL continues to be a Core Investment Company ('CIC'), not requiring registration with RBI. As a CIC, a minimum of 90% of its assets stand invested in the Bajaj group and the balance representing accumulated surpluses is invested in debt and other instruments with the sole objective of earning a reasonable rate of return whilst protecting the principal, according to its official website.

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