L&T Group's Midcap Stock Recommends Final Dividend Of 1500%, Soars 199% In 3 Yrs; Details Inside

L&T Technology Services Ltd. on Wednesday, April 26, 2023, recommended a final dividend of 1500% i.e. Rs 30 per equity share for the financial year ended March 31, 2023.

The said final dividend is subject to the shareholder's approval. The record date for the same will be announced later, according to an exchange filing by the company.

It is an L&T Group's Midcap company that operates in the IT Software sector having a market capitalisation of Rs 36,402.60 apiece.

Recommends Final Dividend of 1,500%

The Board of Directors of L&T Technology Services Ltd. in their regulatory filing has said, "we would like to inform that the Board of Directors at their meeting held today, have recommended a final dividend of 1,500 % i.e. Rs. 30/- per equity share of face value of Rs 2.00/- each, subject to approval of the shareholders of the Company, which if approved, shall be paid/dispatched within thirty days from the conclusion of the Annual General Meeting of the Company. The Record date for the purpose of final dividend shall be intimated later."

Stock Overview

On Wednesday, the stock of L&T Technology Services last traded at Rs 3,446.95 apiece, up 0.62% from its previous close. The stock's 52-week high is Rs 4,318.70 apiece touched on December 02, 2022, and 52 week low is Rs 2,924.20 apiece touched on July 04, 2022.

The stock gained 0.35% in 1 week and 1.82% in 1 month, respectively. It falls 14.68% in 1 year. The stock has given 198.36% positive return in 3 years and 155.44% in 5 years, respectively.

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