Page Industries Ltd has announced a dividend of Rs 250 per share, following a significant rise in its stock price. The company’s shares have surged by over 7%, reaching a 52-week high.
Earlier this year, the company had declared a higher dividend of Rs 300 per share.
Experts remain confident about the company’s future, with many optimistic about its continued growth.
Share Price Surge and Record Performance
The stock opened at Rs 44,400.05 on the BSE, and after a brief period, it climbed by 7%, reaching Rs 48,301, marking the highest price in the last 52 weeks.
Over the past five trading days, the price has increased by more than 10%, showing strong growth.
Record Date for Dividend
The company has set November 14 as the record date for the Rs 250 per share dividend.
Investors who are registered in the company’s records on this date will be eligible to receive the dividend.
Experts Predict Future Growth
Experts are optimistic about Page Industries’ stock, with 22 analysts recommending buying the stock.
According to reports, they predict the stock could reach Rs 54,000 in the next 12 months, indicating further growth potential for investors.
Long-Term Performance and Returns
Page Industries has performed well in the stock market, with a 39% increase in the last six months and a 26.77% rise in the past year.
Over the past 10 years, investors have seen a remarkable 420% return. The stock’s 52-week low was Rs 33,100, highlighting its strong upward trend.
