Dividend Stock: Samvardhana

MOTHERSON

n announces interim dividend of ₹0.50 for FY25; Record date fixed

Dividend Stock: Automobile parts manufacturer Samvardhana Motherson International Ltd announced an interim dividend for the current fiscal 2024-25 (FY25) on Friday, March 21, and fixed the record date for the payment of the same declared by the company's board of directors. Shares of the auto large-cap stock have rallied seven per cent in the last five market sessions. Samvardhana Motherson's share price opened in the green at ₹130.40 129.99 apiece on the BSE and touched an intraday high of ₹132.85 within a few minutes of the Opening Bell. Shares settled 2.18 per cent higher at ₹131.45 apiece on the BSE. The firm commands a market cap of ₹92,489.18 crore.