250% Dividend: Tata Stock Under Rs 300 To Hit Ex-Dividend Soon, Check Eligibility

Rallis India, a subsidiary of Tata Chemicals, on May 17, 2024 fixed June 3 as the record date for the dividend of Rs 2.50 per equity share. Current market price of Rallis India share on BSE is Rs 257.35 per share. Rallis India shares declined 3.81% in last 1-week and surged 35.77% in last 1-year. FII/FPI have decreased holdings from 9.21% to 9.20% in Mar 2024 qtr. Number of FII/FPI investors increased from 128 to 132 in March 2024 quarter. Mutual Funds have increased holdings from 11.81% to 11.92% in March 2024 quarter.

Institutional Investors have decreased holdings from 22.45% to 22.38% in March 2024 quarter. Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund and Sbi Long Term Equity Fund has 2.56% and 6.40% stake respectively in Rallis India. More details below:

Rallis India To Trade Ex-Dividend Next Week: As per the BSE filing dated April 22, 2024, "Pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI Listing Regulations, the Board has recommended a dividend of Rs. 2.50 per share i.e. 250 % for the Financial Year 2023-24 subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company." The company will hold its 76th Annual General Meeting ('AGM') of the Company on Thursday, June 20, 2024, through Video Conferencing/Other Audio-Visual Means.

Rallis India Q4: The company on April 22, 2024 declared a net loss of Rs 21 crore for Q4 ended March 31, 2024 as against the net loss of Rs 69 crore in the similar quarter of last year. Rallis India declared a dip of 16.6% in its revenue from operations to Rs 436 crore as against Rs 523 crore in the corresponding quarter of last year. For the entire year, the Tata Chemical's subsidiary announced its net profit zoomed 60.87% to Rs 148.00 crore for the year ended March 2024 as compared to Rs 92.00 crore announced last year ended March 2023. Sales dived 10.75% to Rs 2648.00 crore for the year ended March 2024 as against Rs 2967 crore declared during the last year ended March 2023.

How To Be Eligible For Rallis India Dividend? Record date plays key role in deciding eligibility of shareholders for obtaining dividend. Individuals whose name reflect in company's shareholders record as on the record date becomes eligible to earn dividend declared by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. Rallis India set May 25 as the record date for dividend.

Rallis India Share Performance: The 52-week high price of Rallis India share on BSE is Rs 294.25 per share (as on 07/03/2024) and 52-week low price is Rs 188.40 per share (as on 06/06/2023). The company has a market capitalisation of Rs 5,004.66 crore. The company has a PE of 33.82 and ROE is 8.09. Rallis India share declined 7.21% in last 2-weeks, offered return of 3.92% in last 3-months, and offered return of 29% in last 2-years. In last 3-years, Rallis India stock fell 18% and gained 70% in last 5-years.

About: Rallis, a TATA Enterprise is a subsidiary of Tata Chemicals, with its business presence in the Farm Essentials vertical. It is one of India's leading crop care companies. The company's 2,300 distributors reach more than 40,000 retail counters across the country covering more than 80% of India's districts. Rallis is known for its deep understanding of Indian agriculture, sustained contact with farmers, quality agrochemicals, branding and marketing expertise, and its strong product portfolio of comprehensive crop care solutions. Rallis is closely connected to around 1 Million farmers through the Rallis Kisan Kutumb program. It is estimated that around 5 Million+ farmers benefit from the agriculture solutions provided by Rallis, according to its LinkedIn page.

Disclaimer: The stock highlights the dividend, Q4 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.