Rs 5/Share Dividend: Small Cap Zero-Debt Multibagger IT Stock Slips 9.83% In 1-Day

Board of directors of small cap IT Software sector company, Ksolves India Ltd today (March 13, 2024) declared 3rd interim dividend of Rs 5/- per share for financial year 2023-24. The company fixed March 21, 2024 as the record date. Last trading price of Ksolves India shares on BSE is Rs 1050.20 apiece with intraday fall of 9.83%.

The company has a market capitalisation of Rs 1245.12 crore. Ksolves India has a PE of 43.38 and ROE of 110.71. Check details below:

Ksolves India Declares Interim Dividend: As per the regulatory filing of the company dated March 13, 2024, "With reference to the above captioned subject, we would like to inform you that the Board of Directors of the Company at its meeting held today i.e., Wednesday, March 13, 2024, inter-alia considered and declared 3rd interim dividend of Rs.5/- per share for the financial year 2023-24 on its fully paid-up Equity share Capital of the Company."

The Dividend shall be paid within the statutory time limit to the equity shareholders of the Company, whose names would appear on the Register of Members of the Company as on the Record date fixed i.e. March 21, 2024, added the BSE filing of Ksolves.

Ksolves India Share Performance & Return: The 52-week high price of Ksolves India shares on BSE is Rs 1467.65 apiece and 52-week low price is Rs 400.95 apiece, respectively. Ksolves India shares declined nearly 21% year-to-date, fell 3.24% in last 3-months, and gained 137% in last 1-year.

Ksolves India Technicals: It has a score of 44.3which indicates Ksolves is technically neutral. Stocks with score above 70 are considered as technically Strong and below 35 are considered weak. When it comes to RSI, Ksolves' RSI is 37.0. RSI below 30 is considered oversold and above 70 overbought. MFI is 46.9 and MFI below 30 is considered oversold and above 70 overbought. Promoters holding remains unchanged at 58.94% in December 2023 quarter. FII/FPI have decreased holdings from 1.88% to 1.75% in Dec 2023 quarter while number of FII/FPI investors fell from 17 to 16 in Dec 2023 quarter, according to details available from Trendlyne.

Ksolves India About: Ksolves India Limited is a leading Software Development Company dedicated to working on cutting-edge technologies like Big Data, Machine Learning, Salesforce®, Odoo, etc. With a team of 450+ developers and architects, we are consistently delivering innovative and customised software solutions that drive growth, efficiency, and success for our clients businesses. With our outstanding IT services and solutions, we have earned the unwavering trust of clients spanning the globe, according to its official website.

Disclaimer: The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.