Specialty Chemical Stock: 100% Interim Dividend, November 20 Record Date; Right Time To Enter?

One of the top producers of superior synthetic food-grade colours is Vidhi Specialty Food Ingredients Limited, formerly known as "Vidhi Dyestuffs Manufacturing Limited." supplying customers with top-notch colour solutions for use in food and beverage, confectionery, pharmaceutical, feed, cosmetic, inkjet, and salt-free colouring applications. The company's production facilities, which are situated in Dhatav Village in Raigad District in Maharashtra, span 176,000 square feet. More than 80 countries on all six continents distribute and consume its colours.

Vidhi Specialty Food Ingredients Dividend

The Board of Directors considered and "Declared Second Interim Dividend of Rs. 1/- (Rupee One Only) per share i.e. @ 100% per equity share having face value of Rs. 1/- each for the Financial Year 2024-25. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for reckoning shareholders entitled to receive the Second Interim Dividend for the Financial Year 2024-25 will be Wednesday, November 20, 2024," said the company in a stock exchange filing.

Vidhi Specialty Food Ingredients Financials

Vidhi Specialty Food Ingredients' net profit increased 14.54% to Rs 10.32 crore in the September 2024 quarter from Rs 9.01 crore in the September 2023 quarter. Sales in the quarter ending in September 2024 increased 13.90% to Rs 91.29 crore, up from Rs 80.15 crore in the quarter ending in September 2023.

Vidhi Specialty Food Ingredients Share Price Target

"Vidhi Speciality stock price is bullish on the Daily charts with strong support at 471. A Daily close above resistance of 488 could lead to a target of 530 in the near term," said A R Ramachandran, Independent Research Analyst.

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