Bharat Rasayan share jumps 16.8% after Q4 profits surge. Announces Dividend @ 1.5/share
Bharat Rasayan Ltd is engaged in manufacturing of Technical Grade Pesticides and Intermediates which is used in the agro-chemical industry.
On 31/05/2024 , Bharat Rasayan Ltd announced is Q4 results and recommended divided @ 1.5/share.
Bharat Rasayan Ltd Financials :
| Particulars | March 2023 | March 2024 |
|---|---|---|
| Sales | 1,234 | 1,045 |
| Operating Profit | 195 | 114 |
| Operating Profit Margin | 15.81% | 10.87% |
| Net Profit | 131 | 82 |
There was a decrease in the following in comparison to previous year :
| Sales | -15.32% |
| Net Profit | -37.40% |
The overall performance of the company has it a significant impact in this financial year.
Bharat Rasayan Ltd Dividend :
Bharat Rasayan Ltd has announced a Final dividend of 1.5/share for the FY 23-24. The dividend is yet to be approved by the shareholders . Once the shareholders aapprove it, the dividend would be credited in their Bank account within 30 days from the record date.
Bharat Rasayan Ltd Share Price Target 2024 :
The current market price of the share at theetime of writing this blog is 10,5330. The 52 week highs and lows are:
| 52 Week High (31-May-2024) | 10,799.00 |
| 52 Week Low (13-Mar-2024) | 8,332.75 |
ALSO READ :Tata Steel falls by 6% as their profits falls drastically! Check the details behind it.
The stock has made a BULLISH Pole & Flag pattern in the Monthly charts which indicates that a strong upward move is expected once the stock gives a strong breakout of this pattern. The breakout can lead the stock to reach a target of 15,000 and can move further from there after some consolidation .
Disclaimer :
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.
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