Small cap specialty chemicals sector company Foseco India Ltd shares witnessed gains of 1.76% in trade today on Bombay Stock Exchange (BSE) as the company informed about its upcoming meeting of Board. The Board of Directors of Foseco India will meet on February 28, 2025 to consider and approve financial results and final dividend proposal. Current market price of Foseco India shares on BSE stood at Rs 3367.70 per share. The stock witnessed decline of 37.92% from its 52-week high price. Meanwhile, the company’s market cap stood at Rs 2,150.32 crore. The return on equity (ROE) is 22.95%. Check more details below:
Foseco India To Consider Final Dividend On Feb 28, 2025
According to the exchange filing of Foseco India dated Feb 19, 2025, “we wish to inform you that a Meeting of the Board of Directors of Foseco India Limited (the Company) will be held on Friday, February 28, 2025, inter alia, to approve and take on record the Audited Financial Results of the Company for the quarter and year ended December 31, 2024 and also to consider, if thought fit, to recommend the final dividend for the financial year ended December 31, 2024.” The company has not yet fixed the record date for final dividend.
Foseco India Dividend History
The company recommended a total of 71 dividends since April 8, 2002 and expected to recommend 72nd dividend on Feb 28, 2025. In last 1-year, Foseco India recommended an equity dividend amounting to Rs 25.00 per share. At the current share price of Rs 3367.70 per share, its dividend yield stood at 0.74%, according to Trendlyne.
It never recommended any bonus share and stock split since Jan 1, 2000.
Foseco India Shares Slip 37.92% From 52-Week High Value
The current market price of Foseco India share on BSE is Rs 3367.70 per share. The 52-week high price of the specialty chemicals stock is Rs 5,425.00 per share. The stock tanked 37.92% from its 52-week high price if its today’s current share price is taken into consideration.
Foseco India Shares Performance
The 52-week high price of Foseco India shares on BSE is Rs 5425.00 apiece (as on 05/08/2024) and 52-week low price is Rs 2852.40 per share (as on 15/03/2024), respectively. The stock declined over 32% in last 6-months and fell 10% in last 1-year. However, in last 2-years, the returns stood at 61.63% and 141.14% in last 3-years. The stock gained 148.29% in last 5-years and surged 173.02% in last 10-years.
Shareholding
FII/FPI holding stood steady at 0.14% for December 2024 quarter. Number of FII/FPI investors increased from 11 to 13 for December 2024 quarter. And, Institutional Investors have increased holdings from 0.44% to 0.70% for December 2024 quarter.
Why Foseco India Shares Declined 10.94% In Last 1-year
Foseco shares witnessed steep decline of 32.15% last 6-months. A large number of chemicals companies shares recorded fall after Nirmala Sitharaman’s budget speech on Feb 1, 2025. The FM skipped announcing any measures for the sector. Earlier, experts anticipated and pushed for production-lined incentives schemes for chemicals sector.
Axis Securities also anticipated some tax incentives for chemical manufacturing center Gujarat that would have directly or indirectly benefitted the chemicals sector. The sector recorded strong growth until 2022 but afterwards saw headwinds as a result of sluggish global demand and surge in low-cost Chinese imports. Meanwhile, early signs of recovery have started showing with a complete demand revival likely this fiscal year.
Disclaimer: The story highlights upcoming dividend, Q3 Results schedule and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
Recommended: Rs 7.50/Sh Dividend Recommended: Chemicals Co Posts 19.62% Fall In Profit
Leave a Reply