Rs. 15/Share Dividend: October 31 Record Date; Buy Small Cap Stock?

As a merchant exporter, Ceenik Exports (India) Ltd was established in 1995. The firm, which has its registered office in Mumbai, Maharashtra, India, made a big move in 1995 when it offered the public equity shares for Rs. 10 apiece, guaranteeing its listing on the Bombay Stock Exchange (BSE). Since its founding under the Companies Act of 1956, Ceenik Exports Limited has solidified its place as a prominent player in the investment market.

Ceenik Exports Dividend

"In continuation of our announcement dated 19th October, 2024, the Board has declared Interim Dividend @ 150% i.e. Rs. 15 per equity share of face value of Rs. 10/- for the financial year 2024-25. The interim dividend shall be paid within 30 days from the date of its declaration," said the company in a stock exchange filing.

Ceenik Exports Dividend Record Date

"Kindly note that the Record date for the purpose of determining the entitlement of the shareholders for the Interim Dividend, if any, has been fixed as Thursday, October 31, 2024," the company informed stock exchanges.

Ceenik Exports Q2 Results

Ceenik Exports (India) saw a 3192.31% increase in net profit to Rs 4.28 crore in the September 2024 quarter compared to Rs 0.13 crore in the September 2023 quarter. For the second quarter, Ceenik Exports India announced earnings per share (EPS) of Rs 12.79, a remarkable 3179.49% year-over-year rise.

Ceenik Exports Share Price Target

"Ceenik Exports is overbought & bearish on the Daily charts with strong resistance at 1433. Investors should book profits at current levels as a Daily close below support of 1340 could lead to a target of 1200 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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