Multibagger Stock Share India Declares 2nd Interim Dividend and Net Profit up 67.20% YoY

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oi-Kuntala Sarkar

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Over the past 5 years, the share price of Share India Securities Ltd. gained 1,220.92%, making it the best performing multibagger stock. The company declared a 2nd interim dividend after its board meeting on Wednesday. Share India’s share price closed at Rs. 1,383, on NSE today, gaining 4.3% in intraday trading.

Multibagger Stock Share India Declares Second Interim Dividend and Net Profit Up 67.2%

The company informed NSE of the “2nd interim dividend of Rs. 2/- (Rupees Two Only) per share of Rs. 10/- (Rupees Ten Only) each for the financial year 2022-2023. Dividend for Fiscal Year 2022-23 / Warrants will be sent by Friday December 2, 2022 at the latest.

Moreover, the company announced yesterday that its net profit increased by 67.20% to Rs. 71.56 crores in Q2 FY23 from Rs. 42.80 crores in Q2 FY22. Sales increased by 12.63% to Rs. 239.87 crore in Q2 FY23 from Rs. 212.97 crore in Q2 FY 22.

Stock market performance

Over the last month its stock price has gained 8.17%, over the past 6 months its price has gained 5.69% and over the past year its price has jumped 62.95% . The 52-week high of this stock is Rs. 1,475, and the 52-week low of this stock is Rs. 725. This small cap company has a market cap of Rs. 4,416 crores.

Disclaimer

Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Greynium Information Technologies and the author are not responsible for any losses caused as a result of decisions based on the article. This article only incorporates recent information on company stocks.

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Article first published: Thursday, November 3, 2022, 8:56 a.m. [IST]

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