Dividend Alert: IT Stock Jumps Over 15 Per Cent On Rs 7.50/Share Interim Dividend Announcement
The stock is down by 25 per cent in 1 year and up by 100 per cent in 2 years.
Ksolves India Limited has announced a third interim dividend of Rs 7.50 per share for the financial year 2024-25, as decided in the board meeting on March 19, 2025. This dividend will be distributed to shareholders whose names appear on the company's register as of the record date, March 25, 2024. This announcement is part of Ksolves' ongoing commitment to returning value to its shareholders.
The company, known for its expertise in software development and IT solutions, continues to expand its services across various sectors, including real estate, e-commerce, finance, telecom, and healthcare. With a strong focus on big data, artificial intelligence, and machine learning, Ksolves is well-positioned to cater to a diverse clientele across multiple countries. The announcement of the interim dividend reflects the company's robust financial health and its ability to generate consistent returns for investors.
Today, the stock price of Ksolves India Limited jumped over 15 per cent to Rs 474.25 per share. The stock has a 52-week high of Rs 635 and a 52-week low of Rs 334.
Ksolves India Ltd, established in 2014, is a comprehensive software solutions provider with a strong presence in the IT industry. The company excels in offering enterprise solutions and consulting services across various sectors, including real estate, e-commerce, finance, telecom, and healthcare.
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With over 410 in-house technology experts, Ksolves delivers cutting-edge solutions in big data, artificial intelligence, machine learning, Salesforce, DevOps, and more. The company's revenue is predominantly derived from services, accounting for 97.5% of its total income, with a significant portion of sales generated from exports, primarily to North America. Ksolves has a diversified client base, including prominent names like Onpoint Group, Persistent, and LTIMindtree. The company has strategically partnered with industry leaders such as Salesforce, Adobe, and Amazon Web Services, further enhancing its market positioning. Ksolves is focused on expanding its capabilities in data sciences, big data, and AI/ML, while also strengthening its onshore presence for sales and client management.
Ksolves India Limited has a market capitalization of over Rs 1,000 crore and a price-earnings (PE) ratio of 29. The stock is down by 25 per cent in 1 year and up by 100 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.