Double Delight: 1:10 Stock Split, Rs 14.50 Dividend, Record Date Set; A Golden Opportunity To Trade?

A firm called Vesuvius India Limited produces and markets ceramic and refractory goods with maintenance and repair services. Vesuvius India provides services to the worldwide foundry and steel sectors. In 1985, Vesuvius India was incorporated. It belongs to the worldwide Vesuvius group, which is present in over 50 nations. Following the Board's announcement of the record date and stock split, Vesuvius India's shares closed Friday's trading session on the NSE 4.24% down at Rs 3,950, with a market capitalisation of Rs 8.15KCr.

Vesuvius India Dividend

The Board of Directors "Recommended a dividend of Rs. 14.50 (Rupees Fourteen and Fifty Paise only) per equity share of Rs. 10/- each for the financial year ended December 31, 2024, subject to the approval of the shareholders at the ensuing Annual General Meeting. Fixed Thursday, May 1, 2025, as the Record Date for determining those members who shall be entitled to receive dividend. The dividend, if approved by the shareholders at the Annual General Meeting scheduled on Thursday, May 8, 2025, will be paid thereafter," said Vesuvius India in a stock exchange filing.

Vesuvius India Stock Split

The Board also "Approved the proposal of the split/sub-division of existing Equity Shares of the Company from 1 (one) Equity Share having Face Value of Rs. 10/- (Rupees Ten) each, fully paid-up, into 10 (Ten) Equity Shares having Face Value of Re. 1/- (Rupee One) each, fully paid-up, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting. The Record Date for the split/sub-division of equity shares will be decided after obtaining shareholders' approval and will be intimated in due course," Vesuvius India informed stock exchanges.

Vesuvius India Financials

Vesuvius India's net profit increased by 5.01% to Rs 59.93 crore in the quarter that ended in December 2024 from Rs 57.07 crore in the quarter that ended in December 2023. Compared to Q3FY24, when sales were Rs 413.15 crore, sales in Q3FY25 increased 22.83% to Rs 507.49 crore. The net profit for the entire year increased by 24.22% to Rs 264.52 crore in December 2024 compared to Rs 212.94 crore in December 2023. In comparison to the previous year, which concluded in December 2023, sales increased 17.20% to Rs 1864.97 crore in 2024.

Vesuvius India Share Price Target

"Vesuvius India stock price is bearish on the Daily charts with strong resistance at 4170. A Daily close below support of 3947 could lead to a target of 3580 in the near term," suggested A R Ramachandran, Independent Research Analyst.

Disclaimer

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