This Dolly Khanna stock to trade ex-dividend on Monday – should you buy? analyst suggests this
Dolly Khanna has below 1 per cent stakes in Sharda Cropchem as she trimmed her holding in the company during December 2022 quarter.
Dividend Stock: Ace investor Dolly Khanna-backed chemical company – Sharda Cropchem shares will trade ex-dividend date on Monday, February 25, 2023, according to the data available on the exchanges.
Sharda Cropchem Dividend 2023
“The Board of Directors considered and declared Interim Dividend at the rate of Rs. 3.00 per equity share of the face value of Rs. 10.00 each for Financial Year 2022-23,” Sharda Cropchem said in a filing on January 24.
The company has a fixed record date for the purpose of the Interim Dividend will be Tuesday, 7th February 2023 and it shall be paid or dispatched on or before Thursday, 23rd February 2023.
What is Record Date?
The determination of record date is required to ascertain who precisely a company's shareholders are as of that date since shareholders of an actively traded stock are continually changing.
The shareholders of record as of the record date will be entitled to receive the dividend or distribution, declared by the company.
Dolly Khanna Stock
Celebrity investor Dolly Khanna has below 1 per cent stakes in Sharda Cropchem. The investor has trimmed her holding in the chemical company during December 2022 quarter, according to the stock analysis portal trendlyne.com.
Chennai-based investor Khanna publicly holds 15 stocks with a net worth of over Rs 226.6 crore as of February 5, 2023, as per Trendlyne.
What analyst says
Citing good growth momentum across regions coupled with price hikes in the recent past, Sharda Cropchem’s management remains confident of achieving 15-20 per cent year-on-year (YoY) revenue growth in FY23E, Himanshu Binani, research analyst at Prabhudas Lilladher said in his report.
The company has taken several measures to mitigate adverse forex impact in the recent past, the analyst said, adding that this should support margins, as we advance. Hence, the brokerage maintains a ‘buy’ rating with a target price of Rs 660 per share, implying a 37 per cent upside.
Share Price History
Sharda Cropchem shares closed flat with negative bias of Rs 481 per share on the BSE. The stock has declined over 27 per cent in the last one year and nearly 9 per cent in the six months period.
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