Mid Cap PSU Stock Hits 52-Week High After Record Date Set For 2.20/Share Dividend

Mid cap public sector undertaking, India Tourism Development Corporation Ltd on Tuesday, September 5 hit 52-week high after the board of directors fixed September 20 as the record date for 2.20 per share dividend. Last trading price of India Tourism Development Corporation share is Rs 414.65 per share with intraday surge of 1.17%. ITDC stock gained 29% in last 6-months and rose 72% in last 3-years. Check details below that you should not miss:

India Tourism Development Corporation Sets Record Date For Dividend: According to the BSE filing of the company dated September 4, 2023, "We hereby inform that the Board of Directors have recommended dividend of Rs. 2.20/- per Equity share of Face Value of Rs. 10/- each for the Financial Year 2022-23, subject to the approval of Shareholders at the ensuing Annual General Meeting to be held on Wednesday, 27th September, 2023.

Pursuant to the Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Wednesday, 20th September, 2023 as the "Record Date" for determining entitlement of Shareholders for the payment of dividend for Financial Year 2022-23."

ITDC Stock Performance & Return In last Few Years: Last trading price of ITDC share is Rs 414.65 on BSE as on September 5, 2023. The stock's 52-week high price is Rs 431.40 apiece and 52-week low price is Rs 277.50 per share, respectively. Its market capitalisation is Rs 3556.43 crore. ITDC shares witnessed a rally of 9% in last 1-week only, soared 14% in last 1-month, gained 36% in last 3-months, and surged 7% in last 1-year. In last 5-years, ITDC Stock offered shareholders return of 8.00%.

ITDC Financials: The company for the quarter ended June 30, 2023 announced a dip of 22.69% in its consolidated total income at Rs 122.66 crore as against its last quarter total income of Rs 158.65 crore. The company in its latest quarter announced its net profit after tax at Rs 17.22 crore.

ITDC About: ITDC is a Public Sector Undertaking under administrative control of the Ministry of Tourism. Incorporated on October 1, 1966, ITDC has played a key role in the development of tourism infrastructure in the Country. The Corporation provides one stop solution for Travel, Tourism and Hospitality related needs. At present the Corporation is running hotels, restaurants at various places for tourists, besides providing transport facilities., according to its official website.

Disclaimer

The stock highlights rally in share after company fixed record date for the dividend. It is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.