Rs 30 Per Share Dividend Recommended: Mid Cap IT Software Stock Rallies Over 7% On BSE

Mid cap IT Software sector stock, L&T Technology Services Ltd witnessed a sharp gain of 7.80% in trade on Thursday. The board of directors of the company on April 26 recommended a final dividend of 1500% i.e. Rs 30/- per equity share. The stock declined 7% in last 1-year and gave a return of 214% in last 3-years. Last trading price of the IT stock is Rs 3712.75 per share on BSE. Check details below:

L&T Technology Services Recommends Final Dividend: As per the regulatory filing of the company, "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."

L&T Technology Services Stock Performance & Return: The current market price of L&T Technology Services is Rs 3713.20 apiece with intraday jump of 7.80%. The stock's 52-week high price is Rs 4316.75 per share and 52-week low price is Rs 2923.35 per share, respectively. The company has a market capitalisation of Rs 39,221.28 crore. The stock gave return of 12% in last 3-months, 5% in last 6-months, declined 7% in last 1-year, and 43% return in last 2-years. It rallied 177% in last
5-years.

L&T Technology Services About: L&T Technology Services Limited (LTTS) is a global leader in Engineering and R&D (ER&D) services. With 976 patents filed for 57 of the Global Top 100 ER&D spenders, LTTS lives and breathes engineering and technology. Its innovations include World's 1st Autonomous Welding Robot, Solar 'Connectivity' Drone, and the Smartest Campus in the World, to name a few, according to its LinkedIn page.

Disclaimer: The mid cap IT stock recommended final dividend on April 26. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.