Rs 2/Share Dividend: Friday, March 29 Fixed As Record Date; Buy/Sell/Hold?

As of Thursday's closing session, Prithvi Exchange (India), a small-cap company in the financial services industry, has a market capitalization of Rs 190.86 Cr. With its main office located in Chennai, Prithvi Exchange (India) Limited is listed on the Bombay Stock Exchange (BSE). With 27 years of experience in the foreign exchange industry, Prithvi Exchange (India) Ltd is an authorized dealer category II regulated by the Reserve Bank of India (RBI). Prithvi Exchange (India) has risen 214.25% in a year and 223.88% in six months, making it one of Dalal Street's multibagger stocks. The stock has returned 66.86% year to date (YTD), 1,222% over the last three years, and 1,103% over the last five years. After the firm announced an interim dividend for FY24, the share price of the company rose to a record high of Rs 231.40 on Thursday and wrapped up at a 5% upper circuit limit of Rs 231.35 per share.

Prithvi Exchange Dividend

"We would like to inform that the Board of Directors at its meeting held today i.e. March 20, 2024 at 11.30 A.M. has inter-alia considered and declared an Interim Dividend for the Financial year 2023-2024 of Rs.2/- per equity share (20%) on the fully paid up equity shares of the face value of Rs.10 /- per share. Further Pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Friday March 29, 2024 has been fixed as 'Record Date' to determine the list of eligible members for the payment of Interim Dividend," said Prithvi Exchange in a regulatory filing.

Prithvi Exchange India News

On 7th March 2024, the company announced the expansion of its branch in the city of Trichy, Tamil Nadu. The branch is centrally located in the heart of the city at "Vignesh Plaza, Shop No.10, First Floor, First Cross, Thillai Nagar, Main Road, (above Domino's Pizza) Trichy - 620018.

"We sought to offer forex services in the convenience of a contemporary and technologically updated atmosphere and we hope to give all of our clients the best service possible," said Prithvi Exchange India in a regulatory statement.

Prithvi Exchange India Share Price Target

Prithvi Exchange is bearish on the Daily charts with strong resistance at 229. A Daily close below support of 208 could lead to a target of 179 in the near term, said AR Ramachandran from Tips2trades.

Disclaimer

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