Rs 15/Share Dividend: Small Cap IT Stock Under Rs 110 Apiece Fixes Record Date

Small cap company operating in IT Software sector, Xchanging Solutions Ltd fixed July 28, 2023 as the record date for interim dividend of Rs 15/- per equity share of face value of Rs 10/- each for the financial year 2023-24. Xchanging Solutions shares offered 84% return to shareholders in just last 3-months. Current market price of Xchanging Solutions stock is Rs 107.01 apiece on BSE with intraday gain of 16.04%. Xchanging Solutions shares hit new 52-week high today. Check details below:

Xchanging Solutions Sets Record Date For Dividend: As per the BSE filing of Xchanging Solutions dated July 10, 2023, "The Record date to determine those members who will be eligible to receive the payment of Interim dividend for the financial year 2023-24 ("Interim Dividend"), subject to the approval of the members of the Company in the upcoming 22nd AGM, will be Friday, July 28, 2023."

Xchanging Solutions Interim Dividend: According to the regulatory filing of the company, "In terms of Article 152 of the Articles of Association of the Company, recommendation of Interim dividend for the financial year 2023-24 of Rs. 15/- per equity share of face value of Rs. 10/- each (150%), subject to declaration of the same by the members at the ensuing 22nd Annual General Meeting ("AGM") of the Company. Dividend, if declared by the members, shall be credited / dispatched within 30 days from the date of 22nd AGM."

Xchanging Solutions Stock Outlook & Return: Last trading price of Xchanging Solutions share is Rs 107.01 per share on BSE till 1:19 pm today. Xchanging Solutions stock today hit its all-time high price after it fixed record date for interim dividend. The stock's 52-week high price is Rs 107.65 per share and 52-week low price is Rs 51.67 per share, respectively. The company's market capitalisation is Rs 1192.13 crore. Shares of Xchanging Solutions witnessed spurt in volume by more than 10.90 times.
Earlier, Xchanging Solutions stock witnessed new 52-week high on July 4, July 6, and July 7. In Xchanging Solutions stock delivered 33% in last 2-weeks, 64% return in last 1-month, 58% return YTD, and 77% return in last 1-year. In last 3-years, Xchanging Solutions shares offered 146% return.

Xchanging Solutions Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 49.15 crore, up 12.65% from preceding quarter total income of Rs 43.63 crore. It announced its latest quarter net profit after tax at Rs 11.02 crore.

About Xchanging Solutions: It offers business process outsourcing (BPO) and information technology outsourcing (ITO) software. It develops solutions for industries like insurance, financial services, government, manufacturing, logistics, public services, and emerging markets such as real estate, healthcare, media, and entertainment, among others.

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