Saurabh Chandrakar Latest News – Zydus Lifesciences Dividend 2024 Record Date

Saurabh Chandrakar Latest News

Zydus Lifescience declared a final dividend of Rs 3 per equity share with the face value of Rs 1 each in the board meeting held on May 17, 2024. The Company also approved the financial results (standalone and consolidated) for the quarter and year ended March 31, 2024.

Zydus Lifesciences, formerly known as Cadila Healthcare, is a prominent pharmaceutical company based in India. It has been involved in the development, manufacturing, and marketing of a wide range of healthcare products including generics, over-the-counter drugs, and innovative pharmaceutical products.

Zydus Lifesciences Dividend History and Policy

Zydus Lifesciences has a history of distributing dividends to its shareholders, reflecting its financial health and commitment to returning value. The company’s approach to dividends is influenced by its earnings, cash flow, financial condition, and capital investment requirements among other factors.

For the fiscal year ending in March 2024, the record date for the dividend is set for July 29, 2024, with the payment scheduled post the annual general meeting on August 10, 2024. This dividend is contingent upon approval from the shareholders during the meeting (MarketScreener).

Saurabh Chandrakar latest Analysis For Zydus Lifesicences

The level, support and resistance for the stock chart you sent can’t be determined definitively from the information provided. However, I can explain what these terms mean in technical analysis.

  • Support: A support level is a price level on a stock chart where the price tends to find buyers and bounce back up. It’s created by prior instances where the price has dropped to that level and then been bought up, preventing it from going any lower. There is no single price that acts as support, but rather a zone.

  • Resistance: Resistance is the opposite of support. It’s a price level where the price tends to meet sellers and stall or drop. Resistance is created by prior instances where the price has risen to that level and then been sold off, preventing it from going any higher. There is no single price that acts as resistance, but rather a zone.

  • Breakout: A breakout is a technical analysis term used to describe when the price of a security decisively moves above a resistance level or below a support level. Breakouts are often seen as signals that a new trend is beginning.

The stock is currently trading at ₹1103.95. It’s difficult to say for sure what the current support and resistance levels are, but one potential area of support could be around ₹950.00. This is because the price has bounced off of this level twice in the past. There is no clear resistance level on the chart.

It is important to note that technical analysis is not an exact science, and there is no guarantee that the price will respect support or resistance levels. However, these levels can be helpful for identifying potential trading opportunities.

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