Maharatna Stock Set To Consider Dividend Proposal Soon, Rallies 33% In 3 Months

Maharatna large cap stock, REC Ltd is expected to hold a meeting of board of directors on January 30, 2023 for consideration of unaudited financial results and declaration of 2nd interim dividend for FY 2022-23, if any. The stock has given strong returns of 33% in last 3-months. The last trading price of the stock is Rs 124.10 apiece. Check details:

1. REC Ltd To Consider Dividend Proposal On January 30

According to the regulatory filing of the company, "In terms of Regulation 29 of SEBI (LODR) Regulations, 2015, this is to inform that a meeting of the Board of Directors of REC Limited will be held on Monday, January 30, 2023 inter-alia to consider and approve unaudited financial results (standalone & consolidated) of the Company for the quarter and nine months ended December 31, 2022 and to consider a proposal for declaration of 2nd interim dividend for the fmancial year 2022-23, if any."

2. REC Ltd Stock Performance & Return

The last trading price of the stock is Rs 124.10 apiece with intraday gain of 0.45%. Its 52-week high is Rs 126.30 apiece and 52-week low is Rs 82.28 apiece, respectively. The company has a market capitalisation of Rs 32,678.31 crore.

The stock has given return of 10% in last 1-month, 33% in last 3-months, 32% in last 6-months, and 20% in last 1-year. It rallied 21% in last 3-years.

3. About REC Ltd

REC is a Maharatna Central Public Sector Undertaking under the Ministry of Power. It operates in Term Lending Institutions sector. REC is a leading infrastructure finance company with business activities involve financing projects in the complete power sector value chain, be it generation, transmission or distribution.

It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities through its extensive network of 22 offices across the country. The company came into existence in 1969. 

 

Disclaimer

The stock gives details about meeting date when the company is expected to consider dividend proposal. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.