Mid Cap NBFC 360 One Wam To Consider Results, Dividend; Buy For TP Rs 1150: Motilal Oswal

Mid Cap NBFC 360 One Wam To Consider Results, Dividend; Buy For TP Rs 1150
Mid cap company operating in NBFC sector, 360 One Wam Ltd informed today about its upcoming meeting of Board of Directors scheduled to be held on July 30, 2024 to consider financial results for the quarter ended June 30, 2024 and declaration of second interim dividend. It also fixed August 7, 2024 as the record date for second interim dividend. Last trading price of 360 One Wam Ltd share on BSE is Rs 984.85 per share with gain of 2.00%.

Its market capitalisation stood at Rs 35,736.94 crore. 360 One Wam Ltd shares offered attractive returns of 141% in last 2-years and gained 91% in last 1-year. Motilal Oswal has recommended buy call for 360 One Wam shares with target price of Rs 1150 per share. Check details below:

360 One Wam To Consider Financial Results, Interim Dividend On July 30, 2024: As per the BSE filing of 360 One Wam issued as on July 22, 2024, "meeting of the Board of Directors of 360 ONE WAM LIMITED ("Company" and formerly known as IIFL Wealth Management Limited) is scheduled to be held on Tuesday, July 30, 2024, to inter-alia consider the following:

a) standalone and consolidated unaudited financial results for the quarter ended June 30, 2024; and

b) declaration of second interim dividend for the financial year 2024-25, to the equity shareholders of the Company."

360 One Wam Sets Record Date For Interim Dividend: The exchange filing added, "Further, we wish to add that pursuant to Regulation 42 of the Listing Regulations, 2015, Wednesday, August 7, 2024, shall be fixed as the record date for ascertaining the eligibility of shareholders of the Company, to receive the aforesaid interim dividend, if declared by the Board of Directors at its aforesaid meeting."

360 One Wam Share Dividend In 2024: Earlier this year, 360 One Wam recommended Rs 3.5/share dividend on April 23, 2024 and fixed May 2, 2024 as the record date.

360 One Wam Financials: The company announced its Q4 FY2024 profit after tax (PAT) at Rs 241 crore, up 55.5% year-on-year (YoY) and 24.3% Quarter-On-Quarter (QoQ). The company declared its FY24 PAT at Rs 802 crore, up 20% YoY. It declared Q4 FY2024 profit after tax (PAT) at Rs 241 crore, up 55.5% year-on-year (YoY) and 24.3% Quarter-On-Quarter (QoQ). 360 One Wam announced FY24 PAT at Rs 802 crore, up 20% YoY. The total revenues for FY24 declared at Rs 1965 crore, up 25.3% year-on-year (YoY). Meanwhile, Q4 FY24 total revenues declared at Rss 623 crore, up 61.8% YoY and 33.6% QoQ. Overall assets under management (AUM) at Rs 4,66,909 crore as on March 2024.

360 ONE WAM Share Performance: The 52-week high price of 360 ONE WAM share on BSE is Rs 1065.00 per share (as on 28/06/2024) and 52-week low price is Rs 468.90 per share (as on 01/09/2023), respectively. 360 ONE WAM shares soared 28% in last 3-months, zoomed 55% in last 6-months, rose 40% year-to-date, offered 91% return in last 1-year, and rallied 183% in last 3-years.

360 ONE WAM Stock Split History: 360 One Wam split the face value once since March 2, 2023. 360 One Wam last split the face value of its shares from Rs 2 to Re 1 in 2023.The shares traded ex-split from March 2, 2023.

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