Tips Industries Ltd Share Price – NSE  /  BSE

Entertainment, Small Cap

Tips Industries Ltd gained for a third straight session today. The stock is quoting at Rs 470, up 1.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.78% on the day, quoting at 22575.25. The Sensex is at 74416.18, down 0.83%. Tips Industries Ltd has gained around 9.65% in last one month.

Meanwhile, Nifty Media index of which Tips Industries Ltd is a constituent, has gained around 5.82% in last one month and is currently quoting at 1911.35, down 0.99% on the day. The volume in the stock stood at 86573 shares today, compared to the daily average of 1.99 lakh shares in last one month.

The PE of the stock is 49.95 based on TTM earnings ending December 23.

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The Board of Tips Industries at its meeting held on 28 February 2024 has approved the proposal for buyback of up to 5,95,000 equity shares of face value of Re 1 each at a price of Rs 625 per equity share payable in cash for a total consideration not exceeding Rs 37.18 crore.

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Tips Industries will hold a meeting of the Board of Directors of the Company on 28 February 2024.

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Tips Industries announced that the Board of Directors of the Company at its meeting held on 23 January 2024, inter alia, have recommended the Third Interim dividend of Rs 3 per equity Share (i.e. 300%) , subject to the approval of the shareholders.

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