Vaibha Global Ltd., which is owned by two ace investors – Vijay Kedia And Ashish Kacholia — has declared the third interim dividend of 1.5 For the financial year 2021-22. According to stock market experts, after trading for a long time in the retracement zone, the stock is ready to bounce back. The stock is at its 52-week low. is close to 452.35 on NSE and may go up in next one month 600 each level. He added that the payout ratio of the company is also modest and hence this interim dividend could turn out to be a big jump for the stocks.
Speaking on the Third Interim Dividend announced by Vijay Kedia and Ashish Kacholia Stock Holding Company; Sumeet Bagadiya, Executive Director, Choice Broking said, “Vaibhav Global has a nominal payout ratio of 37 per cent which bodes well for the long-term shareholders of the company. However, the stock is in a weak zone for a long time and may go down slightly.Read More Must buy shares of Vaibhav Global 425 to 440 range.” He added that the stock has strong hurdles 535 and after crossing this barrier it can become extremely bullish.
Echoing the thoughts of Sumeet Bagadiya; Anuj Gupta, Vice President, IIFL Securities said, “After the sublimation 1050 per share level in October 2021, shares of Vaibhav Global are now trading at approx. 467 levels. It is now in the retracement zone where we expect a bounce from the current levels. Short term traders can buy Vaibhav Global 440 450 level with a stop loss of for a target of 378 more from 580 600 levels in the next one month.”
Vaibhav Global Interim Dividend
In its latest communication with BSE, Vaibhav Global said regarding the third interim dividend, “In accordance with Regulation 30 of SEBI (LODR) Regulations, 2015 and other applicable rules, you are informed that the Board of Directors has held its The meeting, on 27th January, 2022, inter alia, considered and approved the third interim dividend of Rs.1.50/‐ per equity share (at face value of Rs.2/‐ per equity share) for the financial year 2021-22. Is. “
The record date for determining the eligibility of shareholders for payment of the said interim dividend shall be Saturday, 5th February, 2022 and the interim dividend shall be paid/remitted to the equity shareholders of the Company within 30 days from the date of declaration.
Vaibhav Global Shareholding Pattern
As per the Vaibhav Global shareholding pattern for the October to December 2021 quarter, Vijay Kedia holds 30.35 lakh shares or 1.85 per cent stake in the company, while Ashih Kacholia holds 20 lakh shares or 1.22 per cent stake in the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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