Universus Photo Imaging Ltd’s share price see a steep fall of 17% after dividend announcement– Here’s why
On BSE, the stock was priced at Rs 585.50 apiece which is down 17.83 per cent.
Universus Photo Imaging share price: Imaging equipment manufacturer, Universus Photo Imagings Ltd’s share price has seen a decline of more than 17 per cent after its announcement of dividend.
Shareholders are not happy with the company’s announcement of Rs 10 dividend per share and that is reflected on the share price. The total amount of dividend decided is Rs 13 crores. As of 2:30 pm, Universus Photo Imagings Ltd’s share price was trading in red on both the exchanges.
On BSE, the stock was priced at Rs 585.50 apiece which is down 17.83 per cent. On NSE, the share was priced at Rs 591.95 apiece which is 17.47 per cent.
The total revenue of June quarter 2022 was Rs 12.89 crores. The company recorded a net profit of Rs 4.85 crore.
In the month ending March the company had Rs 380 crore in Mutual funds. In FY 22, the company had received a dividend from JPF Netherlands BV of around Rs 463 crores.
Universus Photo में तेज गिरावट
क्यों टूटा Universus Photo का शेयर
किस खबर से निवेशक हुए निराश?
क्यों एक बार फिर फोकस में है Universus Photo, जानिए पूरी डिटेल्स अरमान नाहर से...@ArmanNahar pic.twitter.com/0p9oRxO4oz
— Zee Business (@ZeeBusiness) October 13, 2022
Zee Business in an analysis had said that the company’s cash, mutual funds and bank investment is around Rs 380 crores. The market cap of the company is around Rs 600 crore and cash is around Rs 290 crore, according to which the dividend amount should have been Rs 280-290 per share without tax, that is a total of around Rs 300 crore.
The Company was incorporated as a public limited company under the Indian Companies Act, 1956, in the name of Jindal Photo Investments and Finance Limited, on November 12, 2011. The name of the company was changed to Jindal Photo Imaging Limited and then again to Universus Photo Imagings Limited. The Company has state of the Art Plant facility for manufacturing of X-Ray Films and Other products at Dadra (Union Territory-Dadra and Nagar Haveli)
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
