Astral Ltd has scheduled a meeting of its Board of Directors on November 7, 2024, to address key matters, including:
- Approval of Financial Results: The board will review and approve the unaudited standalone and consolidated financial results for the second quarter and the half-year ending September 30, 2024.
- Interim Dividend: The board will also consider the declaration of an interim dividend for the financial year 2024-25.
Important Information:
- Last Trading Price: ₹1,745.80 per share
- Market Capitalization: ₹46,896.90 crore
- Dividend History: Astral Ltd has announced 32 dividends since June 9, 2008. In the past 12 months, the company declared an equity dividend of ₹2.25 per share, resulting in a dividend yield of 0.13% at the current share price.
- Record Date for Dividend: Should the board declare an interim dividend, the record date for payment will be November 15, 2024.
- Stock Performance:
- 52-Week High: ₹2,453.95 (reached on July 2, 2024)
- 52-Week Low: ₹1,734.00 (as of October 30, 2024)
- Price Changes: Astral shares have fallen by 20% over the last three months and 17% in the last six months. However, they have gained an impressive 178% over the past five years.
Analyst Recommendations:
- CLSA’s Rating: The brokerage firm CLSA has upgraded Astral to a “hold” rating and raised its target price to ₹2,025 per share, citing improved volumes and profitability for FY25-27.
This upcoming board meeting is crucial for investors, as it may shed light on the company’s financial performance and future dividend strategies.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
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