Whopping Interim Dividend of Rs.90: November 28 Record Date; Buy To Be Eligible For The Payout?

The multinational company Bayer CropScience Limited (BSE: 506285) specialises in the life sciences of nutrition and health care. The Group had 47.6 billion euros in revenues and almost 100,000 employees in fiscal 2023. Prior to exceptional products, research and development expenses totalled 5.8 billion euros. With almost 160 years of existence, Bayer is a life science firm with a focus on agriculture and health care. In the consumer health, pharmaceutical, and crop science industries, Bayer is active in 83 countries worldwide. The flagship company of the Bayer Group in India, Bayer CropScience Limited, is openly traded on the Bombay Stock Exchange.

Bayer CropScience Dividend

"Further to the BSE Intimation dated November 13, 2024 and Newspaper Notice dated November 14, 2024, wherein we have intimated that the Board of Directors ("Board") of Bayer CropScience Limited ("Company") at its Board Meeting held on Wednesday, November 13, 2024, have declared an Interim Dividend of Rs. 90/- per share to the equity shareholders of the Company. NOTICE IS HEREBY GIVEN that pursuant to Section 91 of the Companies Act, 2013 and due to the trading holiday on November 20, 2024, on account of Maharashtra Assembly Elections, we have received a directive from BSE to revise the Record Date. Accordingly, the Record Date has been revised and fixed on Thursday, November 28, 2024, for the purpose of payment of Interim Dividend on the equity shares of the Company for the Financial Year 2024-25. The Interim Dividend will be paid on Wednesday, December 11, 2024 to those Members whose names appear on the Company's Register of Members as holders of Equity Shares as on the Record date i.e. Thursday, November 28, 2024 and in respect of shares held in dematerialized form, to the Beneficial Owners of the equity shares as at the close of business hours on the same date as per the details furnished by the Depositories for the purpose," Bharati Shetty - Secretary,Compliance Officer of Bayer Cropscience said in a newspaper publication.

Notice For Shareholders Regarding Dividend Payment By Bayer CropScience

"The Shareholders may note that the Interim Dividend will be paid electronically to those shareholders who have updated their bank account details. To avoid delay in receiving the dividend, shareholders are requested to update their bank details with their DPs. For Members holding shares in physical mode, SEBI vide its Circular dated November 03, 2021, has mandated registration of PAN, KYC details and Nomination. Therefore, Members holding shares in physical form are requested to submit their PAN, KYC details including bank details and nomination details to the Company's Registrar and Share Transfer Agent, Link Intime India Private Limited through Form ISR-1 and other applicable forms. The Investor Service Request forms are available at www.bayer.in in case of holdings in physical form," Bharati Shetty further stated.

Bayer CropScience Financials

In the September 2024 quarter, Bayer CropScience Ltd. reported a 38.85% decline in net profit to Rs 136.3 crore. Based on a regulatory filing, the company claimed a net profit of Rs 222.9 crore in the same quarter of the previous fiscal year. In the second quarter of this fiscal year, its total income increased to Rs 1,761.3 crore from Rs 1,633.3 crore in Q2FY24. However, compared to Rs 1,327.6 crore during the same time last year, expenses were higher by 18.34% to Rs 1,571.2 crore in Q2FY25.

Bayer CropScience Share Price Target

KKunal V Parar - VP of Technical Research and Algo at Choice Broking said, "The stock is currently trading below its 200-Day Moving Average, which indicates a bearish trend and suggests continued weakness in the counter. Additionally, the stock has broken down from the lower band of a Symmetrical Triangle formation, further reinforcing the potential for a downside move."

"On the daily chart, the RSI has recently broken down from its upward-sloping channel, signalling a negative shift in momentum and a weakening market breadth. Given this technical structure, we expect the stock to potentially move lower, with key support levels around 5150 to 5000. On the upside, resistance is seen at 6050," the analyst further added.

Disclaimer

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