Multibagger Media Stock To Mull Results, Dividend On July 24; Record Date Fixed

Small cap stock operating in media and entertainment sector, Tips Industries Ltd shares today hit fresh 52-week high in trade today to Rs 549.30 per share. Board of Directors of Tips Industries Ltd will hold meeting on July 24, 2024 to consider financial results and interim dividend. Tips Industries share gained 20% in last 1-week and soared 10,283% in last 5-years. Tips Industries Ltd has a market capitalisation of Rs 7021.79 crore. Its ROE is 70.85 and PE is 55.22. It offers a dividend yield of 1.23%. Check details below:

Tips Industries Ltd To Consider Results, Interim Dividend: As per the BSE filing issued post market hours today, "Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, July 24, 2024 to consider and approve the following business matters;

1. Unaudited Financial Results for the quarter ended June 30, 2024.
2. Declaration of interim dividend, if any, for the financial year 2024-25."

Tips Industries Sets Record Date For Upcoming Interim Dividend: The BSE filing added, "It is further informed that in terms of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record Date for reckoning the shareholders who shall be entitled to receive the aforesaid interim dividend, if any, so declared, will be Thursday, August 1, 2024."

Tips Industries Share Performance: The 52-week high price of Tips Industries share on BSE is Rs 561.80 (as on 12/07/2024) and 52-week low price is 260.90 per share (as on 13/07/2023), respectively. Tips Industries shares 35% in last 2-weeks, soared 55% year-to-date, and surged 209% in last 2-years. In last 3-years, Tips Industries shares 352%.

Tips Industries About: It operates in the media and entertainment sector. Tips Industries is engaged in the business of production and distribution of motion pictures. Tips today owns 3,500 titles of which a minimum of 10 have been 10 million sellers, and over 15 have grossed more than 5 millions in sales and another 20 have bagged sales of about a million. Since the year 1981, Tips has the highest number of gold and platinum discs to their credit in comparison with any other record label in India. Tips also holds soundtrack copyrights of at least 50 Hindi movies, while the soundtrack copyright of each movie costs about a million dollars and another million dollars is spent on promotion, according to its official website.

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