3 Bonus Issues, 32 Dividends: BSE 200 Stock Set To Declare Dividend On Nov 7; Buy/Hold?

Mid cap plastic sector company Astral Ltd will hold meeting of Board of Director on November 7, 2024 to consider financial results for the quarter ended September 30, 2024. The company will also consider declaration of interim dividend in the same meeting, if any. Last trading price of Astral Ltd shares on BSE is Rs 1745.80 per share. The company's market cap is Rs 46,896.90 crore. Astral Ltd shares slipped 20% in last 3-months and gained 178% in last 5-years. Check details pertaining to dividend and results below:

Astral Ltd To Consider Financial Results, Interim Dividend: As per the exchange filing of Astral dated October 30, 2024, "The meeting of the Board of Directors of the Company will be held on Thursday, 7 th November, 2024 inter alia, to consider the following:

1. Approve the Unaudited (Standalone and Consolidated) Financial Results of the Company for the second quarter and half year ended 30th September, 2024.

2. Declaration of Interim Dividend for the financial year 2024-25, if any."

Astral Ltd Sets Record Date For Dividend: The exchange filing added, "we hereby inform that 15 th November, 2024 shall be the Record Date for the purpose of payment of interim dividend, if declared by the Board of Directors for the Financial Year 2024-25 at its Meeting to be held on 7th November, 2024."

Astral Ltd Dividend History, Bonus Share History: Astral Ltd announced 32 dividends since June 9, 2008. In the last 12 months, Astral announced an equity dividend amounting to Rs 2.25 per share. At the current share price of Rs 1745.80, it offers a dividend yield of 0.13%. Astral gave 3 bonuses since Sept. 16, 2019. The last Bonus that Astral announced was in the ratio 1:3 with ex-date of March 14, 2023.

Astral Ltd Stock Performance & Return: The 52-week high price of Astral Ltd shares on BSE is Rs 2453.95 per share (as on 02/07/2024) and 52-week low price is Rs 1734.00 per share (as on 30/10/2024), respectively. Astral Ltd shares declined 17% in last 6-months, fell 4% in last 1-year, gained 19% in last 2-years, and offered return of 6% in last 3-years.

CLSA Issues Hold Call: Brokerage firm CLSA upgraded Astral to hold and raised the target price to Rs 2025 per share. It raised FY25-27 EPS 1-3% mainly on slightly better volumes/profitability.

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