Stock under Rs 300: 315% dividend in Q4 results! MASSIVE Rs 778.38 cr payout by Mahindra group company
stock under rs 300: 315% dividend in q4 results! massive rs 778.38 cr payout by mahindra group company
M&M Finance Q4 2024 Results, Dividend News: Mahindra & Mahindra Financial Services has announced both dividend and financial results of the Company in the board meeting held on May 04, 2024.
M&M Finance dividend 2024
In the board meeting held on May 04, the board of M&M Finance recommended a dividend of Rs 6.30 per equity share of face value of Rs 2 each (315%) for the financial year ended March 31, 2024. This will entail a payout of Rs 778.38 crore.
M&M Finance Q4 2024 results highlights
M&M Financial Services’ net income stood at Rs 3,706.10 crore in Q4 FY24, against Rs 3,066.67 crore in Q4 FY23. The Company’s net profit remained at Rs 633.42 crore, down from Rs 690.12 crore in Q4 FY23.
M&M Finance share price
M&M Financial Services Limited (M&MFIN) is a company listed on the stock exchange in India. It operates in the Non-Banking Financial Company (NBFC) sector, which means it provides financial services similar to a bank but without holding a banking license.
As of May 3rd, 2024, the stock’s closing price was Rs 266.95, showing a slight increase of 0.85% from the previous close. The stock opened at Rs 265.85, reached a high of Rs 273.05, and a low of Rs 264.35 during the trading day.
Over the past 52 weeks, the stock has seen a high of Rs 346.40 and a low of Rs 243.90. The upper price band, which is the maximum price allowed for trading in a day, is set at Rs 293.60, while the lower price band, the minimum allowable price, is Rs 240.30.
In terms of market capitalization, M&MFIN has a full market capitalization of ₹32,982.47.
RISE with India – FOLLOW ET NOW WhatsApp channel!
https://whatsapp.com/channel/0029Va7OSzxA2pL8ezY1aw1K
ET NOW WhatsApp channel gives you all Stock Market Details, Money Making Ideas, IPO News, Mutual Funds SIP News, Income Tax and other news right on your mobile screen!