Sundaram Finance recommends dividend of Rs 6.50 per share

Sundaram Finance has recommended a final dividend of Rs 6.50 per share (65%) for the financial year ended 31st March 2017, on the paid-up capital of Rs.111.10 cr.

The board of directors of the company decided on the dividend at the  at meeting held on May 29, 2017. Sundaram Finance already informed the exchanges about this crucial decision. 

This, together with the interim dividend of Rs 5 per share (50%) paid on 10th March 2017 will make a total dividend of Rs. 11.50/- per share (115%) for the financial year ended 31st March 2017.

The stock of the company on the BSE is trading on a flat note at Rs 1479 per share down by Rs 3 per share or 0.2% in opening hours of trade.

Stock view -: 

Sundaram Finance Ltd is currently trading at Rs 1499.3, up by Rs 16.2 or 1.09% from its previous closing of Rs 1483.1 on the BSE.

The scrip opened at Rs 1479.4 and has touched a high and low of Rs 1499.3 and Rs 1479.4 respectively. So far 396(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 16477.24 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1725 on 12-Apr-2017 and a 52 week low of Rs 1089 on 26-Dec-2016. Last one week high and low of the scrip stood at Rs 1529.95 and Rs 1470.05 respectively.

The promoters holding in the company stood at 36.05 % while Institutions and Non-Institutions held 16.91 % and 46.14 % respectively.
The stock is currently trading below its 50 DMA.

Sundaram Finance Ltd :-
BSE 1,498.70 15.60 (1.05%)
NSE 1,495.00 17.50 (1.18%)


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