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IMI PLC stock price: The stock price has been in a slight uptrend since September of last year.
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The management increased the dividend payout by more than 112% for September.
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The current price is just taking off from support, see whether it is the time to buy.
The engineering company (LON: IMI) may not be a large-cap stock, but it has been in the spotlight for its significant price fluctuations on the London Stock Exchange over the past few months. The IMI stock price soared to £1670 at one point and later dropped to as low as £1394 in April.
Financial Snapshot
Despite the fluctuations, IMI has been making steady progress in its financial performance. Looking at the company’s report, IMI is making up decent revenues quarterly, with growing numbers each quarter. In June 2023, the revenue cloaked £11B, which was an impressive 11.5% growth on a year-on-year basis. Meanwhile, the pretax profits increased by 15% in the same dur
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