Miniratna Dividend: Multibagger Metals Stock To Pay Dividend Soon, Sets Record Date

Shares of public sector undertaking Mishra Dhatu Nigam Limited on Friday hit new 52-week high after the miniratna company on September 7, 2023 fixed September 22, 2023 as the record date for dividend. Current market price of Mishra Dhatu Nigam share is Rs 427.15 per share. Mishra Dhatu Nigam stock offered shareholders 82% return in last 3-months and 113% return in last 6-months only. Check details below:

Mishra Dhatu Nigam Limited Sets Record Date For Dividend: According to the BSE filing of Midhani, "Pursuant to Regulation 42 of SEBI Listing Regulations, we inform that, 'Record Date' for determining entitlement of Members to the final dividend for FY 2022-23, if declared at AGM, is fixed as Friday, September 22, 2023."

Mishra Dhatu Stock Outlook & Return: Current market price of Mishra Dhatu share is Rs 427.15 apiece with intraday gain of 1.98% on BSE. Its 52-week high price is Rs 444.00 per share and 52-week low price is Rs 172.80 per share, respectively. The company has a market capitalisation of Rs 8002.23 crore. Mishra Dhatu Nigam shares in last 1-year soared 109%, gained 131% in last 2-years, and rallied 111% in last 3-years.

Mishra Dhatu Financials: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 195.73 crore, down 45.12% as against its previous quarter total income of Rs 356.67 crore. It announced its recent quarter net profit after tax at Rs 18.54 crore.

Mishra Dhatu About: Mishra Dhatu Nigam Limited (MIDHANI)was established in the year 1973 as a Government of India Enterprise under administrative control of Ministry of Defence. The production unit of MIDHANI, located at Kanchanbagh, Hyderabad, was commissioned in the year 1982. MIDHANI was set up with a view to achieve self-reliance in production and supply of various super alloys, special steels, soft magnetic alloys to Defence and other Strategic Sectors such as Energy, Space and Aeronautical applications.

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