This tech stock offers a 460% final dividend, 3-day ex-date: check details

Personal finance

oi-Kuntala Sarkar

|

MphasiS announced a final dividend of 270% on April 29, 2022. The company’s ex-dividend date is within three days, July 5, 2022.

Share performance on NSE – MphasiS

The current market price of MphasiS stood at Rs. 2,239.90 fell by 2.36% till the last trade. The 52-week high of this stock is Rs. 3,659.75, and the 52-week low of this stock is Rs. 2,104. Over the past 6 months, its stock price has not fell only 34.56% and last month the stock fell 12.78%. Over the past year, its stock price has increased by 5.95% and over the past 5 years, its stock price has jumped by 274.91%. It is a large cap company with a market capitalization of Rs. 42,204 crores.

Company News

According to data available from NSE, in the fourth quarter of FY22, the company’s total revenue stood at Rs. 2,06,132 lakh, compared to Rs. 1,94,497.20 lakh in the previous quarter. The company’s profit before tax (PBT) was reported at Rs. 38,792.80 lakh, down from Rs. 42,241.40 lakh in Q3 FY22. Moreover, its net profit stood at Rs. 31,185.40 lakh, up from Rs. 31,728.40 lakh in the first quarter.

Mphasis applies next-generation technology to help companies transform their business globally. Mphasis takes over Front2BackMT Transformational approach, which uses the exponential power of the cloud and cognitive to deliver a hyper-personalized digital experience to customers and their end customers, informs the company.

What is a dividend?

A dividend, in the stock market, is known as a reward, which can be offered by a company to investors. Although it is not a mandatory move, a listed company may offer it to shareholders to attract new investors, while benefiting existing investors. After a company has made significant profits in recent quarters or the fiscal year, it may offer a dividend.

Disclaimer

Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Greynium Information Technologies, the author, and the brokerage are not responsible for any losses caused as a result of decisions based on the article.

  • This large cap stock giving a final dividend of 270%, ex-date soon, the stock has fallen 40% in 6 months, announced a merger
  • Stocks to buy: ICICI Securities’ top 2 picks in the white goods space for potential gains of up to 48%
  • This AA+-rated Bluechip Finance stock can earn 16%, CV claim beneficiary: Motilal Oswal
  • Motilal Oswal suggests buying this financial stock for a yield of 18%, with a dividend yield of 2%
  • Stocks to Buy: United Spirits, ITC & SBI, Says Motilal Oswal Technical Office
  • 2 banking stocks that Motilal Oswal prefers
  • If you’re buying, selling or owning AU Small Finance Bank, here’s what Emkay thinks
  • 3 Debt-Free Stocks, Up to 80% Aggressive Yield in Just 1 Year, Up to 5% Dividend Yield: Investing?
  • This Spirit stock has returned 1,144% in 5 years, but has fallen 28.48% recently, buy now?
  • Motilal Oswal Suggests Buying This Commodity Exchange for 18% Short Term Yield
  • Motilal Oswal suggests buying this consumer stock for a yield of 22%, with a dividend yield of 4%
  • Stocks to buy: 2 top sugar stocks to buy for good gains of up to 57%

Article first published: Saturday, July 2, 2022, 5:58 p.m. [IST]

About Barbara J. Ross

Check Also

ADI Stock: Is Analog Devices a Good Buy Before Earnings?

Analog Devices, Inc. (NASDAQ: ADI) is on a mission to bridge the physical and digital …