Small cap company engaged in media & entertainment sector, MPS Ltd shares today surged 9.26% to Rs 2186.70 per share on Bombay Stock Exchange (BSE) at the time of writing the story. MPS shares offered impressive returns of 145.19% in last 2-years. The return of equity of MPS stood at 32.04%. ROE of 20% or more is considered good. An ideal return on equity (ROE) varies between 15% to 20% but ROE may vary depending on the sector or industry.
The company today declared its first interim dividend of Rs 33 per equity share of the face value of Rs 10/- each. The company fixed January 29, 2025 as the record date. Check key details below:
MPS Declares First Interim Dividend
As per the regulatory filing of MPS dated, “the Board of Directors has declared the 1st (First) Interim Dividend of INR 33 per equity share of face value of INR 10/- each for the financial year 2024-25. The same shall be paid on or before 21 February 2025, to those Members whose names appear in the Register of Members of the Company and/or Register of Beneficial Owners maintained by the Depositories and made available to the Company as on Record Date i.e. 29 January 2025, as fixed for this purpose.”
How To Be Eligible For MPS Dividend?
Shareholders whose name appears in firm’s shareholders’ record on the record date for dividend will be eligible for it. Record date is the date when the firm finalises list of shareholders eligible for the company’s dividend distribution. In the case of MPS, the record date has been set as January 30, 2025. Therefore, shareholders should buy MPS shares before the record date to receive dividend.
MPS Financials
The company today reported a fall of 10.88% year-on-year (YoY) in its standalone net profit to Rs 28.52 crore for the quarter ended December 31, 2024 as against Rs 32.00 crore reported in the corresponding quarter of last year. The company announced its standalone revenue from operations for the quarter ended December 31, 2024 at Rs 90.09 crore as against Rs 84.04 crore declared in the similar quarter of last year.
Total standalone income for the quarter under review stood at Rs 96.11 crore from Rs 92.17 crore declared for the quarter ended December 31, 2023. EPS of the company for the quarter ended December 31, 2024 stood at Rs 16.82 from Rs 18.87 reported in the year ago period.
Should You Buy MPS Shares?
According to A R Ramachandran, SEBI registered Independent research analyst, “MPS Ltd is bullish on the Daily charts with strong support at 2100. A Daily close above resistance of 2274 could lead to a target of 2475 in the near term.”
MPS Shares Performance
The 52-week high price of MPS Ltd shares on BSE stood at Rs 2469.95 per share (as on 28/08/2024) and 52-week low price is Rs 1315.20 per share (as on 15/04/2024), respectively. MPS Ltd shares gained 11.16% in last 1-week, zoomed 45.44% in last 1-year, and soared 209.19% in last 3-years. In last 5-years, MPS stock surged 351.84%.
Disclaimer
The stock has been picked from the brokerage report of A R Ramachandran. Moneydaily.in, the Author, and the respective Brokerage House will not be held accountable for any losses caused as a result of decisions based on the article. MoneyDaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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