Share Market News / This company is going to give a dividend of Rs 50 per share, huge earnings are assured

Every day new news is coming for investors in the stock market. Companies are announcing third quarter results and dividends. Excelya Solutions declared a dividend of Rs 50 per share, which will be paid on February 18. On Thursday, the stock closed down by 0.83%.

Vikrant Shekhawat : Jan 24, 2025, 06:00 AM
Share Market News: These days, there is some big news coming every day for investors in the stock market. Many companies listed in the stock market are releasing their third quarter results and also announcing dividends. In this episode, IT company Accelya Solutions has declared a big dividend to its shareholders, which will be Rs 50 on each share with a face value of Rs 10.

Record date and dividend payment

Accelya Solutions announced in an exchange filing on January 22 that the Board of Directors has fixed an interim dividend of Rs 50. The record date for this dividend was fixed as January 10, which means that only those investors whose names were registered in the company's share register on January 10 will be entitled to this dividend. The dividend will be paid to the investors' bank accounts on February 18.

Share performance

However, the company's shares declined in the market on Thursday. The stock closed at Rs 1499.70, down by Rs 12.60 (0.83%). While it closed at Rs 1512.30 on Wednesday, it opened at a high of Rs 1550.00 on Thursday, but witnessed a lot of volatility during the day. During the day, the stock touched a low of Rs 1494.40 and a high of Rs 1569.00.

In the last one year, the highest point of Excelya Solutions shares has been Rs 2128.25 and the lowest point has been Rs 1436.55. This volatility indicates to investors that it is necessary to invest in the stock market with caution and a long-term strategy.

Conclusion

This dividend is definitely a positive event for Excelya Solutions investors, but given the performance of the stock market, investors need to take careful decisions. Considering the market volatility, investment decisions should be taken only after proper research and analysis.