4 PSUs To Approve Results, Consider Dividends; Maximum 6-Months Return 125%

Four leading public sector undertakings are scheduled to hold meetings of Board of Directors to consider & approve financial results. Three of them may also consider the proposal of interim dividend announcement during these meetings.

These companies are BHEL, IRCTC, NMDC, and NHPC. Barring IRCTC, these companies have offered multibagger returns to investors in last 6-months. Check details below:

1. BHEL To Consider Financial Results: The Government of India has granted the MAHARATNA status to BHEL. Last trading price of BHEL shares on BSE is Rs 227.55 per share with intraday fall of 1.45%. BHEL shares rallied 125% in last 6-months and 198% in last 1-year. In last 2-years, maharatna BHEL stock soared 486%.

According to the BSE filing of the company dated Feb 1, "Regulations, 2015, notice is hereby given that a meeting of the Board of Directors of the Company will be held on Tuesday, 13th February, 2024, interalia, to approve the Unaudited Financial Results of BHEL for & upto the quarter ended 31 2023."

2. NMDC To Consider Results, Interim Dividend: Last trading price of NMDC shares on BSE is Rs 241.45 apiece with intraday fall of 1.19%. NMDC shares jumped 114% In last 6-months, soared 101% in last 1-year, and gained 154% in last 3-years.

According to the BSE filing of the company dated January 31, 2024, "Notice is hereby given that a Meeting of Board of Directors of the Company is scheduled to be held on Wednesday, 14th February 2024 inter-alia, to consider, approve and take on record the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 31st December 2023 and declaration of Interim Dividend for FY 2023-24, if any."

3. NHPC To Consider Results, Dividend On Feb 12: Last trading price of Miniratna public sector undertaking NHPC Limited shares on BSE is Rs 96.25 apiece with intraday fall of 5.24%. NHPC shares zoomed 88% in last 3-months, soared 136% in last 1-year, and rallied 223% in last 2-years. In last 3-years, NHPC stock surged 296%.

According to the BSE filing of the company, "it is to inform that a meeting of Board of Directors of the Company is scheduled to be held on Monday, 12th February, 2024 to inter-alia consider unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter/ nine months ended on 31st December, 2023. The Board of Directors in the aforesaid meeting may also consider the proposal for declaration of interim dividend on equity share capital of the Company for the FY 2023-24."

4. IRCTC To Approve Financial Results: Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under Ministry of Railways, Government of India. Last trading price of IRCTC shares on BSE is Rs 939.20 apiece with intraday fall of 0.58%. IRCTC share gained 44% in last 6-months and soared 186% in last 3-years.

As per the BSE filing of IRCTC, "the Board of Directors of the Company is scheduled to be held on Tuesday, February 13, 2024, inter alia to consider and approve the un-audited Financial Results of the Company for the quarter and nine months ended on December 31, 2023 after the same are reviewed by Audit Committee."

Disclaimer: The stocks highlight the dividend and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.