240% Final Dividend Approved: Small Cap IT Stock Trading Near 52-Week Low, Rallies 556% In 3 Yrs

Board of small cap IT Software sector, Mastek Ltd recommended a final dividend of 240% i.e. Rs 12.00 per equity share for the financial year ended March 31, 2023. The last trading price of the stock is Rs 1584.70 apiece with intraday fall of 1.15% on BSE. It offered return of 556% in last 3-years. Check details below:

Mastek Ltd Declares Final Dividend: According to the BSE filing of the company, "The Board of Directors recommended a Final Dividend of 240% i.e. Rs. 12.00 per equity share (on the face value of Rs. 5.00 per equity share), for the Financial Year ended March 31, 2023, subject to the Shareholders' approval at the ensuing 41st Annual General Meeting and will be paid within 30 days from the date of the Annual General Meeting. The total dividend for the Financial Year ended March 31, 2023 (including the interim dividend of Rs. 7.00 per share) stands at Rs. 19.00 per share or 380% (in the previous year Rs. 19.00 per share or 380%)."

Mastek Ltd Stock Performance & Return: Last trading price of Mastek Ltd on BSE is Rs 1584.70 per share. Its 52-week high price is Rs 3000.05 per share and 52-week low price is Rs 1475.45 per share, respectively. The company's market capitalisation is Rs 4,837.27 crore. The stock declined 43% in last 1-year, gave 19% return in last 2-years, and 556% return in last 3-years. In last 5-years, it offered return of 174%.

Mastek Ltd About: Mastek is a global Turnkey Digital Engineering & Cloud Transformation specialist delivering innovative solutions and business outcomes. With more than 5000 employees across 40+ countries, it empowers businesses across industries such as Healthcare & Life Sciences, Retail, Manufacturing, Financial Services, and Government/Public sectors to enable customer success and digitization programs, according to its official website.

Disclaimer: The IT stock declared final dividend today. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.