2800% Payout: Ex-Date On 28th March; Buy The Stock For Rs 28/Share Dividend?

As of Friday's closing session, CRISIL LTD, a large-cap firm in the financial services industry, has a market capitalisation of Rs 36,590.30 Cr. CRISIL is a leading global analytics company. The company is the top supplier of ratings, data, analytics, research, and solutions in India. The corporation has operations in India, Argentina, Poland, China, Hong Kong, Singapore, the United States (US), the United Kingdom (UK), and the United Arab Emirates (UAE). This week will see a lot of attention paid to the stock since on March 28, 2024, it will trade ex-dividend and pay out Rs 28 per share.

CRISIL

The Board of Directors has recommended a final dividend of Rs. 28, per equity share of face value of Re 1 each, for the financial year ended December 31, 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting, said the company in a regulatory filing.

"For the year ended December 31, 2023, the company paid three interim dividends totalling Rs 26 per equity share of face value of Re 1 each. The Board of Directors has recommended a final dividend of Rs 28 per share (of Re 1 face value). The total dividend for the year works out to Rs 54 per share," said CRISIL in a statement.

"For Annual General Meeting and payment of Final Dividend for financial year 2023, if approved by shareholders at the Annual General Meeting of the Company scheduled to be held on April 16, 2024, and the same will be paid on April 22, 2024," CRISIL said in a stock exchange filing.

As per the data available on BSE, CRISIL has fixed 28th March as the record date for the purpose of above mentioned dividend.

CRISIL News

"For Annual General Meeting and payment of Final Dividend for financial year 2023, if approved by shareholders at the Annual General Meeting of the Company scheduled to be held on April 16, 2024, and the same will be paid on April 22, 2024," said CRISIL in a regulatory filing on 22nd March.

CRISIL Share Price Target

Deven Mehata - Equity Research Analyst at Choice Broking said CRISIL displays an intriguing technical landscape. Currently, the stock is trading very close to its all-time high levels of 5250 at 5000 levels. The critical support level at 4700, closely aligned with the 50-day Exponential Moving Average (EMA), signifies historical buying interest and provides a foundation for the stock's price stability. This level serves as a potential stop for downward movements.

On the higher side once the stock surpasses the mentioned resistance of 5250 the stock can move towards 5560 levels and higher. The Relative Strength Index (RSI) currently stands at 56.96, indicating a supportive environment for price gains. It's not yet in overbought territory, suggesting room for further growth.

Crucially, CRISIL is trading above all significant moving averages, emphasizing its underlying strength and positive sentiment.

Based on the above analysis we recommend buying CRISIL at the CMP of 5000 with a stop loss of 4700 for the targets of 5560.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.