4 Multibagger PSUs Set To Consider Interim Dividend; Maximum 1-Yr Return 362%

Four leading public sector undertakings will consider the proposal of declaring interim dividend for the financial year 2023-24. These companies are IRCON International, Power Finance Corporation, SJVN, and BEML. All these companies have already offered shareholders multibagger returns in last 1-year with maximum 1- year return at 362%. Check details given below:

1: IRCON International To Consider Interim Dividend: Current market price of IRCON International Ltd shares on BSE is Rs 230.70 apiece with intraday gain of 0.35%. IRCON International shares gained 131% in last 6-months and rose 300% in last 1-year only. The company has a market capitalisation of Rs 21,697.70 crore.

The Board of Directors of IRCON International are scheduled to hold meeting today to consider and approve the following:

1. "Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended on 31st December, 2023, and;
2. Declaration of Interim Dividend, if any, for the financial year 2023-24."

2. Power Finance Corporation To Consider Interim Dividend Proposal Today: Current market price of Power Finance Corporation shares on BSE is Rs 470.00 apiece with marginal intraday surge of 0.20%. The company has a market capitalisation of Rs 1,55,005.78 crore. Power Finance Corporation shares rallied 119% in last 6-months and soared 309% in last 1-year.

The company on February 5, 2024 issued an update on Board meeting stating, "Power Finance Corporation Ltd informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/02/2024, inter alia, to consider and approve proposal relating to declaration of Interim dividend, if any, for FY 2023-24." Earlier on February 2, the state-run company informed about its upcoming meeting of Board to be held today to consider declaration of Q3 and 9 months financial results.

3. SJVN Ltd To Mull Proposal of Interim Dividend: Last trading price of SJVN Ltd shares on BSE is Rs 149.65 apiece with intraday rally of 1.84%. The company has a market capitalisation of Rs 58,868.33 crore. SJVN shares zoomed 95% in last 3-months, soared 168% in last 6-months, and offered return of 362% in last 1-year.

The company issued its BSE filing on February 1, 2024 stating, "Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a Meeting of the Board of Directors is scheduled to be held on Friday, 9 th February 2024, inter-alia, to consider and approve the financial results of the Company for the quarter ended 31st December 2023 and interim dividend for the FY 2023-24, if any."

4. BEML May Consider Interim Dividend Proposal Today: Last trading price of PSU BEML shares on BSE is Rs 3602 apiece with intraday fall of 2.34%. BEML shares soared 76% in last 6-months and rallied 158% in last 1-year. In last 3-years, BEML shares zoomed 343%.

As per the BSE filing of the company dated February 2, 2024, "In continuation to our intimation dated 25.01.2024 in relation to the Board Meeting of the company scheduled to be held on 08.02.2024, this is to inform that the declaration of interim dividend for the Financial Year 2023-24 on equity shares will also be considered by the board in addition to businesses informed earlier."

Disclaimer:

The stocks just highlight 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.