Re 1/Sh Dividend, 1:10 Stock Split: Stockbroking Co Sets Nov 5 As Record Date, Buy Assigned

Small cap company operating in financial services sector, Systematix Corporate Services Ltd shares today hit 52-week high and upper circuit as well after the company fixed November 5, 2024 as the record date for 1:10 stock split/sub-division of shares. Last trading price of Systematix Corporate Services shares on BSE is Rs 1926.65 per share with intraday gain of 5.00%. Systematix Corporate Services shares 147% in last 6-months and over 10% in 1-week tenure. The company's market cap on BSE stood at Rs 2500.84 crore. The company recommended Re 1 per share dividend and fixed September 19, 2024 as the record date. Check details below:

Systematix Corporate Services Sets Record Date For Stock Split: As per the exchange filing of Systematix Corporate Services dated September 23, 2024, "In continuation to our letter dated October 22, 2024 and in terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, as amended, we wish to inform you that the Company has fixed the Record date as Tuesday." The company had approved sub-division/Split of 1 (One) Equity Share of the Company having a face value of Rs. 10/- (Rupees Ten only) each fully paid up into 10 (Ten) Equity Shares having a face value of Rs. 1/- (Rupee One only) each fully paid up.

Systematix Corporate Services Shares Performance: The 52-week high price of Systematix Corporate Services shares is Rs 1926.65 (as on 23/10/2024) and 52-week low price is 366.00 (as on 26/10/2023), respectively. Systematix Corporate Services shares zoomed 196% year-to-date, rallied 387% in last 1-year and gave rich returns of 632% in last 2-years. In last 5-years, the scrip rallied 3461%.

Systematix Corporate Financials: The company declared its consolidated net profit for the June 2024 quarter at Rs 1.74 crore as against Rs 4.42 crore reported in the corresponding quarter of last year. The company announced its consolidated total income for June 2024 quarter at Rs 30.49 crore from Rs 20.29 crore in the similar quarter of last year. Its total expenses for June 2024 quarter announced at Rs 28.13 crore as against Rs 14.76 crore declared in similar quarter of last year.

Should You Buy Systematix Corporate Shares? According to A R Ramachandran, Independent SEBI Research Analyst, "Systematic Corporate stock price is bullish on the Daily charts with next resistance at 1870. Investors should be booking profits at current levels as a Daily close below support of 1727 could lead to a target of 1490 in the near term."

Disclaimer:

The stock has been picked from the brokerage report of AR Ramchandran. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.