Shares of ADC India Communications surged 6.41% to ₹1,257.95 on Tuesday, March 26, after the company announced a hefty interim dividend for the current financial year. The stock gained ₹75.80 from its previous close of ₹1,182.15 on the BSE.
In a board meeting held on March 25, 2025, the company declared an interim dividend of ₹25 per equity share of face value ₹10 each (250%) for the financial year 2024–25. The record date to determine eligible shareholders for the dividend payout has been set as April 2, 2025. The dividend will be distributed on or before April 23, 2025, after deducting applicable taxes under the Income Tax Act, 1961.
The announcement triggered positive sentiment around the stock, which traded in a range of ₹1,209.95 to ₹1,263.00 during the session. As of 10:23 AM, ADC India’s market capitalization stood at ₹5.79 billion, and the stock was trading with a P/E ratio of 20.35 and a dividend yield of 0.40%.
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