L&T Group Stock Trading 2.91% Down 52 Week High Recommends Rs. 2/Share Dividend; Details Inside

L&T Group's firm L&T Finance Holdings Ltd. in a Board meeting held on 08 June 2023, recommends a final dividend of Rs. 2 per Equity Share (face value Rs. 10 per share) for the financial year 2022-23. If the dividend is approved by the members at the forthcoming AGM, it will be dispatched within 30 days from the date of the AGM.

Dividend

In an exchange filing, the Board of Directors of L&T Finance Holdings Ltd. said, "Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and other regulations, if applicable, we hereby inform the exchanges that the Board of Directors of the Company at its Meeting held on June 08, 2023 has, inter alia, recommended a final dividend of Rs. 2 per Equity Share (face value Rs. 10 per share) for the financial year 2022-23. The dividend, if approved by the Members at the ensuing Annual General Meeting ("AGM") will be credited / dispatched within 30 days from the date of AGM."

Stock Outlook

The stock closed 0.47% down at Rs. 105.16/share. It declined 0.38% in the past 1 week. Trading 2.91% down from its 52 week high.

Its 52 week low was recorded on 20 June 2022 at Rs. 65.95/share, while the 52 week high was on 8 June 2023 at Rs. 108.30/share.

It surged 9.42% in 1 month. In the past 1 year, it has given 37.63% positive return and 69.87% in 3 years, respectively. However, it has given 37.67% negative return in the past 5 years.

About - L&T Finance Holdings Ltd.

L&T Finance Holdings Ltd. is an RBI-registered midcap NBFC. The company offers a diverse range of financial products and services such as Farm equipment finance, Two wheeler finance, Home loans, Micro Loans, Infra finance, Consumer loans, Loans against property, Real estate finance, Infra Debt Fund and other services. It has a market capitalisation of Rs. 26,073.74 crore.

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