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Economic Times
20-05-2025
- Business
- Economic Times
Page Industries' Rs 200 dividend record date tomorrow; last chance to buy
Live Events Page Industries dividend history Page Industries share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Page Industries will trade ex-dividend from Wednesday, with the company setting May 21 as the record date to determine shareholder eligibility for its Rs 200 record date was initially set for May 23 but was later revised to May 21.'With reference to our letter dated 18 April 2025, regarding board to consider declaration of interim dividend at the Meeting scheduled on 15 May 2025, we hereby inform you that the record date fixed for the 4th Interim Dividend 2024-25 has been revised to 21 May 2025,' the company had informed via an exchange record date for a dividend is the specific date set by a company to determine which shareholders are eligible to receive the dividend. Only those who hold the company's shares on this date will be entitled to the ensure eligibility, investors must purchase the shares at least one trading day before the record date, as per the T+1 settlement cycle. This date helps the company identify the rightful recipients of the dividend amid active the last 12 months, Page Industries has announced a total equity dividend of Rs 820 per share. Based on its share price of Rs 47,830, the dividend yield stands at 1.71%, according to Trendlyne the past year, the shares of Page Industries have increased by 33.71%. Year-to-date (YTD), the gain stands at 0.19%. Over the last 6 months, the stock has risen by 7.28%. In the past 3 months, the price jumped 15.71%, while the 1-month gain was 6.86%.Around 12:50 pm today, the shares of Page Industries were trading flat with a negative bias at Rs 47,861.55 on the read: Ramesh Damani portfolio stock Protean falls another 13%, now down 30% in 2 days (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
20-05-2025
- Business
- Time of India
Page Industries' Rs 200 dividend record date tomorrow; last chance to buy
Shares of Page Industries will trade ex-dividend from Wednesday, with the company setting May 21 as the record date to determine shareholder eligibility for its Rs 200 dividend. The record date was initially set for May 23 but was later revised to May 21. 'With reference to our letter dated 18 April 2025, regarding board to consider declaration of interim dividend at the Meeting scheduled on 15 May 2025, we hereby inform you that the record date fixed for the 4th Interim Dividend 2024-25 has been revised to 21 May 2025,' the company had informed via an exchange filing. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The record date for a dividend is the specific date set by a company to determine which shareholders are eligible to receive the dividend. Only those who hold the company's shares on this date will be entitled to the payout. To ensure eligibility, investors must purchase the shares at least one trading day before the record date, as per the T+1 settlement cycle. This date helps the company identify the rightful recipients of the dividend amid active trading. Page Industries dividend history Over the last 12 months, Page Industries has announced a total equity dividend of Rs 820 per share. Based on its share price of Rs 47,830, the dividend yield stands at 1.71%, according to Trendlyne data. Page Industries share price history Over the past year, the shares of Page Industries have increased by 33.71%. Year-to-date (YTD), the gain stands at 0.19%. Over the last 6 months, the stock has risen by 7.28%. In the past 3 months, the price jumped 15.71%, while the 1-month gain was 6.86%. Around 12:50 pm today, the shares of Page Industries were trading flat with a negative bias at Rs 47,861.55 on the BSE. Also read: Ramesh Damani portfolio stock Protean falls another 13%, now down 30% in 2 days
India Today
20-05-2025
- Business
- India Today
Explained: Why Protean eGov shares are in free fall
Shares of Protean eGov Technologies plunged for a second straight session on Tuesday, extending their two-day rout to nearly 30%. After crashing 20% on Monday, the stock fell another 13% in early 11:10 am, shares of the company rebounded to trade at Rs 1,069.55, down 6.43%. It may be noted that the company was informed by the Income Tax Department (ITD) that it is no longer in the running for a key government technology revamp The project, part of the PAN 2.0 initiative, includes the design, development, operations and maintenance of the PAN system—a business segment where Protean has long been a major a filing on Sunday, the company said it had participated in the bidding process to be selected as a Managed Service Provider (MSP) for the PAN 2.0 project. However, it received a communication from the ITD that it had 'not been considered favourably for the next round.'Protean tried to reassure investors, stating that the development would have 'limited or minimal impact' on its existing PAN processing and issuance services under its current mandate with the tax department. But the market wasn't the stock now giving up all its gains over the past year, it is down nearly 15% on a 12-month basis. The sharp correction is also notable given that ace investor Ramesh Damani held a 1.05% stake in the company as of the March institutional investors, major state-run banks hold significant stakes, SBI (4.93%), Axis Bank (3.18%), PNB (2.25%), Bank of Baroda (1.54%) and Canara Bank (1.23%).Despite the selloff, analysts aren't unanimously bearish. Trendlyne data shows the stock has two 'buy' ratings and one 'sell', with an average target price of Rs 1,896—a potential upside of 66 percent from current levels.
Time of India
20-05-2025
- Business
- Time of India
Protean eGov Technologies shares plummet 30% after not being selected for PAN 2.0 project of Income Tax Department
Protean share price crash: shares plunged another 13% on Tuesday morning, following Monday's 20% drop. The significant decrease came after the did not select the company, in which notable investor holds stakes, for their systems technology upgrade project. Tired of too many ads? go ad free now The company's shares have crashed by more than 30% over two trading sessions. With continued downward pressure, the stock could potentially reach its 52-week low of Rs 930, according to an ET report. During the opening trading session, the shares were valued at approximately Rs 995. At 11:24 AM, shares of Protean eGov Technologies were trading at Rs 1,073.20, down Rs 70 or 6.12%. The company disclosed through a regulatory filing on Sunday that the Income Tax Department had not selected them for the next phase of the RFP selection procedure. The filing detailed that the project encompassed "Design, Development, Implementation, Operations, and Maintenance of PAN systems at the Income Tax department". The company stated, "It appears to have limited or minimal impact on our ongoing PAN processing and issuance services under the existing mandate with the ITD." Protean submitted a proposal to be considered as a Managed Service Provider (MSP) for the design, implementation, operation and maintenance responsibilities of their PAN 2.0 Project. The share price has declined, erasing its previous year's positive performance, resulting in a 15% decrease over the past 12 months. Notable investor Ramesh Damani maintained a 1.05% ownership position in the organisation as of March quarter's end. The company's institutional shareholders comprise several major banks: Canara Bank (1.23%), Bank of Baroda (1.54%), Punjab National Bank (2.25%), Axis Bank (3.18%), and State Bank of India (4.93%).
Mint
20-05-2025
- Business
- Mint
Protean eGov shares tumble 31% in 2 days after I-T Dept rejects bid for PAN 2.0 project; should you still buy?
Shares of Protean eGov Technologies Ltd extended their sharp decline on Tuesday as the market reacted negatively to the company's exclusion from the next phase of the Income Tax Department's PAN 2.0 project. The stock has lost over 31 percent in just two trading sessions, dragging valuations near their 52-week lows. Protean eGov, which had submitted a proposal for the role of managed service provider (MSP) in the ambitious PAN 2.0 project, said the Income Tax Department has not considered its bid favourably for the next round of selection. In an exchange filing, the company clarified that this development is not expected to materially impact its ongoing PAN issuance and processing operations under the current agreement. "We were informed by the Income Tax department that we have not been considered favourably for the next round of RFP selection process," the company noted, adding that any further updates will be communicated as required. It further explained that PAN 2.0 involves a broader technological revamp of the system, while its existing PAN services remain unaffected for now. "In our understanding this is a project for Technology revamp which include Design, Development, Implementation, Operations and Maintenance of PAN systems at I-T department and at present, it appears to have limited or minimal impact on our ongoing PAN processing and issuance services under the existing mandate with the tax dept," Protean added. Brokerage house Equirus Securities downgraded the stock to sell from add, slashing its price target to ₹ 900 for March 2026—21 percent below Monday's closing price. The firm said the failure to secure the PAN 2.0 contract poses a significant risk to Protean's topline, as PAN services currently account for around 50 percent of revenue. 'This is a material negative,' the brokerage said. 'While FY26 impact may be muted, we expect a 75-100 percent collapse in this revenue stream over the next 2-3 years.' Anand Rathi, however, offered a more tempered view. While it acknowledged the development as sentimentally negative, it highlighted that Protean's core PAN operations remain unaffected and the financial impact may be limited in the near-term. The company counts some prominent investors among its public shareholders. Veteran investor Ramesh Damani held a 1.05 percent stake at the end of the March 2025 quarter, while Ajay Aggarwal owned 1.12 percent. Though the company does not have a promoter group, several state-owned and private banks are key stakeholders. These include Canara Bank (1.23%), Bank of Baroda (1.54%), Punjab National Bank (2.25%), Axis Bank (3.18%) and State Bank of India (4.93%). Despite the company's attempt to assuage concerns, the market reacted with steep selling. The stock extended its decline on Tuesday, plunging as much as 14.12 percent to hit an intra-day low of ₹ 981.55. This followed a steep 20 percent drop in the previous trading session, bringing the total loss to over 31 percent across just two sessions. At current levels, the stock is trading nearly 56 percent below its 52-week high of ₹ 2,225.00, which it had touched in August 2024. It now hovers just 5.5 percent above its 52-week low of ₹ 930.00, recorded in June 2024. Over the past one year, the stock has declined more than 4 percent. On a monthly basis, it has shed close to 20 percent in May alone, after a 2.4 percent dip in April. In March, it posted a modest gain of 1.7 percent. However, that was preceded by a 13 percent fall in February and a sharper 21.5 percent correction in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
