Majesco Dividend
• Stock is trading at Rs. 974 per share
• Total amount of dividend to be paid is Rs 2,788.4 Crore
• The company had earlier done buyback amounting to Rs. 631 cr.
• Buyback price was Rs. 845 cr.
• Company has planned to close its operation.
• Total amount of dividend to be paid is Rs 2,788.4 Crore
• The company had earlier done buyback amounting to Rs. 631 cr.
• Buyback price was Rs. 845 cr.
• Company has planned to close its operation.
• The company would not generate any revenue from the operations.
• The company still hold Rs 103 cr in cash and some land bank amounting to Rs. 100 cr.
• If someone buys shares today then it is expected that the value of share after ex dividend date would be approximately equal to zero.
• If someone is holding share previously then he has option to sell in the market where the investor has to pay short/long term gain tax while if the investor participate in dividend then he has to pay dividend income tax based on the tax slab
• The company still hold Rs 103 cr in cash and some land bank amounting to Rs. 100 cr.
• If someone buys shares today then it is expected that the value of share after ex dividend date would be approximately equal to zero.
• If someone is holding share previously then he has option to sell in the market where the investor has to pay short/long term gain tax while if the investor participate in dividend then he has to pay dividend income tax based on the tax slab
So, we suggest is avoid biting the bullet of such a high dividend unless you have an aim to reduce tax and for that, it is better one must ask his Chartered Accountant from the taxation point of view before venturing into it. Better will be to sell out from the stock.
Get accurate intraday stock tips and Best bank Nifty option tip for the day here and start being a profitable trader on a daily basis.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
