IT Sector Small Cap Stock Recommends Rs 8/Share Final Dividend, Hits New 52 Week High

Ksolves India Ltd in its Board meeting held on Sunday, April 23, 2023, considered and recommended a Final Dividend of Rs 8 per equity share for the financial year 2022-23.

This is an IT Sector small-cap stock having a market capitalisation of Rs 760.92 crore. It is engaged in software development, enterprise solutions, consulting & providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom, Healthcare, etc.

Ksolves Recommends a Final Dividend of Rs 8 per equity Share

According to the regulatory filing by the Board of Directors of Ksolves India, "Board of Directors of the Company at its meeting held today i.e., Sunday, April 23, 2023, inter-alia considered and recommended final dividend of Rs.8/- (Rupees Eight) per share for financial year 2022-23 on its fully paid-up Equity share Capital of the Company. The said dividend shall be subject to the approval of the shareholders in the ensuing Annual General Meeting."

It added, "The Dividend shall be paid within the statutory time limit to the equity shareholders of the Company, whose names would appear on the Register of Members of the Company as on the Record date as may be fixed for payment of Dividend."

Stock's Current Market Price, and Performance

The stock is currently trading 8.54% high at Rs 642.05 apiece on NSE. It hit the new 52 week high on Monday, April 24, 2023 at Rs 693.70 apiece, while 52 week low it hit on 16 November 2022 at Rs 356 apiece. The stock has given a robust return of 28.33% in 1 week, and 43.27% in 1 month, respectively.

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