Sasken Technologies Spikes Nearly 4% Recommends Final Dividend


Shares of Sasken Technologies are in a bullish mood in the early hours of trade on BSE as the company has recommended a final dividend of Rs 4.50 per equity share of Rs 10 each for the year ended March 31, 2017.

The stock opened at Rs 416 per share, touched a high of Rs 424 per share; and a low of Rs 415.50 per share. The total traded quantity stands at 2806 shares & the company’s market cap is Rs 741.57 crore. In all, the company has declared & recommended a dividend of Rs 7 per equity share of Rs 10 each for the year 2016-17 i.e. 70%

(a) An interim dividend of 25% (Rs 2.50 per equity share) in October 2016.

(b) Recommended a final dividend of Rs 4.50 per equity share subject to the approval of shareholders at the AGM.

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