1:10 Stock Split & Rs 1 Dividend Approved: Enter This Stock For Target Rs. 1210- 1270 In 1-10 Days

A small-cap company in the financial services industry, Systematix Corporate Services offers a variety of financial products, including debt products (primary markets), IPOs, mutual funds, commodities, currency derivatives, and derivatives. Retail investors, Ultra HNIs, HNIs, Insurance Companies, Bank Treasuries, Corporates, Corporate Treasuries, Promoters, and Foreign Institutional Investors are just a few of the many clientele that Systematix serves. On Friday, the shares of Systematix Corporate Services ended on the BSE at a 5% upper circuit limit at Rs 1188.45 apiece with a market cap of Rs 1,542.64 Cr after the company announced dividend of Rs 1 and 1:10 stock split.

Systematix Corporate Services Dividend

The Board of Directors "Recommended a Final Dividend of Rs. 1/- (Rupees One Only) (10%) per Equity Share of Rs. 10/- (face value) each for the financial year ended March 31, 2024, subject to approval of members in the ensuing Annual General Meeting of the Company," said Systematix Corporate Services in a stock exchange filing recently.

The Register of Members will be closed from Friday, September 20, 2024 to Thursday, September 26, 2024 (both days inclusive) for the purpose of ensuing Annual General Meeting and dividend, according to the company.

Systematix Corporate Services Stock Split

The Board of Directors "Considered and approved Sub-division/Split of 1 (One) Equity Share of the Company having a face value of Rs. 10/- (Rupees Ten only) each fully paid up into 10 (Ten) Equity Shares having a face value of Rs. 1/- (Rupee One only) each fully paid up, subject to approval of members in the ensuing Annual General Meeting of the Company," said the company in a regulatory filing.

The stock split corporate action has been approved in order to improve the liquidity of the company's equity share and to make it more affordable for small investors and also to a broad base of small investors, Systematix Corporate Services informed stock exchanges.

Systematix Corporate Services Q1 Results

With revenues of Rs 29.28 cr, a 66% YoY rise, Systematix Corporate Services announces a strong Q1 FY25. PBT and PAT are Rs 2.37 cr and Rs 1.74 cr, respectively. With returns of around 19% between April 1st, 2024 and June 30th, 2024, Systematix PMS is still leading the PMS/AIF industry in performance. With an AUM of more than Rs 750 crores, the firm had over 1600 clients.

Systematix Corporate Services Share Price Target

"While capital market company Systematix Corporate Services's current price movement appears lucrative for swing trading, it seems overbought for a mid- to long-term investment horizon. The company has recently been in the news following the announcement of the date of its quarterly result and dividend of Re. 1 per share. Those willing to explore this stock can enter the suggested buying range of Rs. 1170-1185 for a target of Rs. 1210- 1270. They can hold this one for 1-10 days but must set a stop loss of Rs. 1120 to limit the loss," said V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

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