Page Industries Ltd has announced a dividend of Rs 250 per share. This comes after the company’s shares saw a rise of more than 7 percent, reaching a 52-week high.
Earlier this year, the company had given a higher dividend of Rs 300 per share. Experts remain optimistic about this stock, with many showing confidence in its future performance.
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Page Industries shares opened at Rs 44,400.05 on the BSE. After a brief period, the stock price surged by 7 percent, reaching Rs 48,301.
This marks the highest price in the last 52 weeks. Over the past five trading days, the stock price has increased by over 10 percent, showing strong growth.
Record Date for Dividend
The company has announced November 14 as the record date for the dividend. Investors who are listed in the company’s record book on this date will be eligible to receive the dividend of Rs 250 per share.
Experts Predict a Target Price of Rs 54,000
According to a CNBC TV18 report, 22 analysts have recommended buying Page Industries stock. Experts predict the stock price could reach Rs 54,000 in the next 12 months, marking further growth potential for investors.
Strong Performance in the Stock Market
In the past six months, the stock price has risen by over 39 percent. In the last year, the price has increased by 26.77 percent.
Investors who have held Page Industries shares for the past 10 years have seen a remarkable 420 percent return. The stock’s 52-week low was Rs 33,100.
Page Industries’ shares opened at Rs 44,400.05 on the BSE. Shortly after, the shares rose by 7% to Rs 48,301, marking a new 52-week high. In the past five trading days, the stock has gained over 10%.
The company has announced November 14 as the record date for the dividend of Rs 250 per share. Investors whose names appear in the company’s records on this date will receive the dividend.
Strong Performance Over Time
Page Industries has shown strong performance in the stock market. Over the last six months, its share price has risen by more than 39%.
In the past year, it has gained 26.77%. Long-term investors have seen a profit of 420% over the last 10 years. The 52-week low for the stock is Rs 33,100.