Mid Cap Pharma Stock Declares Record Date For Dividend, Shares Dip 2% In 1-Month

Mid cap pharmaceuticals company, Ajanta Pharma Ltd will consider dividend on equity shares of the company at its board meeting scheduled on July 27, 2023. The company on Monday declared August 4, 2023 as the record date for interim dividend for the financial year ending March 31, 2024. Last trading price of Ajanta Pharma share is Rs 1424.65 per share on BSE with intraday gain of 0.83%. Check details below:

Ajanta Pharma Sets Record Date For Dividend: As per the BSE filing of Ajanta Pharma dated July 24, 2023, "Pursuant to Regulation 29(1)(e) of Listing Regulations, we hereby inform you that, at the aforesaid Board Meeting, the Board of Directors will also consider proposal for:

a. declaration of interim dividend, if any, for the financial year ending 31st March 2024; and
b. b. fixation of Friday, 4th August 2023 as the Record Date for the payment of interim dividend, if declared.

Ajanta Pharma Dividend History: The company declared 20 dividends since September 5, 2001. If the current share price of Ajanta Pharma at Rs 1424.65 is taken into consideration, it offers a dividend yield of 0.49%. It declared for the year ending March 2023 an equity dividend of 350% equivalent to Rs 7 per share.

Ajanta Pharma Stock Performance & Return: Last trading price of Ajanta Pharma stock is Rs 1424.65 per share on BSE. Its 52-week high price is Rs 1550.00 per share and 52-week low price is Rs 1115.15 per share, respectively. Its market capitalisation is Rs 17,938.57 crore. Ajanta Pharma shares offered 11% return in last 3-months, surged 19% in last 6-months, and gave 10% return in last 1-year. In last 2-years, Ajanta Pharma shares fell 1.43%, gave return of 40% in last 3-years, and 108% return in last 5-years.

Ajanta Pharma Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income of Rs 918.67 crore, down 8.74% from previous quarter total income of Rs 1006.70 crore. It announced its recent quarter net profit after tax at Rs 122.25 crore.

Ajanta Pharma About: Ajanta Pharma is a specialty pharmaceutical company providing quality medicines across 30+ countries in the world. The mid cap company was incorporated in 1979.

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