Procter & Gamble Hygiene and Health Care Declares ₹95 Final Dividend, Q2 Results on October 30 – Stock Shows Bullish Pattern

Procter & Gamble Hygiene and Health Care Limited (P&GHHCL) has recently seen important developments for investors. Here are the key updates:

1. Dividend Announcement: The Board of Directors has recommended a final dividend of ₹95 per equity share for the financial year 2023-24, to be approved in the Annual General Meeting on November 25, 2024. The record date for determining shareholders eligible for this dividend is November 18, 2024.
2. Stock Performance: On Friday, P&GHHCL shares closed 0.76% lower at ₹16,622.85. The stock forms a symmetrical triangle pattern, indicating a possible upward breakout. If the stock breaks the resistance at ₹16,900, analysts suggest it could reach short-term targets of ₹18,600. Immediate support is at ₹16,500, with a stop-loss recommended at ₹16,050 to manage risk.
3. Technical Indicators: The Relative Strength Index (RSI) is currently at 58.44, suggesting growing buying momentum.
4. Upcoming Financial Results: The company’s Board of Directors will meet on October 30, 2024, to review and approve the unaudited financial results for Q2 FY24.

These updates present an attractive buying opportunity for investors, especially with the dividend payout and possible stock price breakout.