Mark Your Calendars: Rs 12.50 Dividend Due By March 14 – Record Date February 21; BUY?

Founded in 1984, India Nippon Electricals Limited produces portable engines for two-, three-, and four-wheelers as well as gensets and electronic ignition systems for these vehicles. The product line of India Nippon Electricals Limited includes all specially designed ignition system components for a range of uses. Following the announcement of an interim dividend of Rs 12.50 per share, India Nippon Electricals' stock finished Monday 3.85% higher at Rs 615.65 per share, with a market valuation of Rs 1,392.69 Cr.

India Nippon Electricals Dividend

The Board of Directors "Declared an Interim dividend of Rs 12.50 (Rupees Twelve and Fifty paise only) per fully paid-up equity share of Rs 5 each for the Financial Year 2024-25. The interim dividend shall be paid on or before Friday, March 14, 2025 to the equity shareholders of the Company, whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, February 21, 2025 which is the Record Date fixed for the purpose," said India Nippon Electricals in a stock exchange filing.

India Nippon Electricals Q3 Financials

India Nippon Electricals' net profit climbed 32.12% to Rs 15.96 crore in the December 2024 quarter from Rs 12.08 crore in the December 2023 quarter. Compared to the previous quarter, which ended in December 2023, when sales were Rs 178.86 crore, sales in the quarter ending in December 2024 increased by 20.02% to Rs 214.67 crore.

India Nippon Electricals Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "INDNIPPON is currently trading in a sideways trend at 591.80. On the daily chart, the stock has broken its key support level of 595 and is consolidating near the next support zone. If the price breaks below 580, further correction toward 550 and 520 levels is likely."

"On the upside, 620 will act as immediate resistance, and a bullish reversal will only be confirmed above this level. If the stock sustains above 620, potential short-term targets could be 660 and 700. Additionally, the price is trading below the key EMAs (20, 50, 100, and 200), indicating weak momentum and a lack of strong buying interest. The trend remains neutral, and traders and investors should closely monitor key levels for a breakout or breakdown before taking positions," the analyst further recommended.

Disclaimer

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