Midcap Navratna Stock To Consider Dividend, Board Fixes Record Date, Soars 170% In 3 Yrs

National Aluminium Company Ltd. (NALCO), a Navratna CPSE, will consider the 2nd Interim Dividend, according to exchange filing. The company, in its Board meeting, which was held on 3 March 2023, informed the shareholder about the Dividend. Further, the Board in its meeting held on 7 March 2023, fixed the 'Record Date' for the said Interim Dividend as 21 March 2023. Check below to know more:

2nd Interim Dividend for the Financial Year 2022‐23

The Board of Directors of NALCO, in their regulatory filing on 03.03.2023 informed that the 2nd Interim Dividend for the Financial Year 2022‐23 will be considered next week. According to the exchange filing, "In terms of Regulation 29 of SEBI (LODR) Regulations, 2015, this is to inform you that, a meeting of the Board of Directors of the Company is scheduled to be held on Monday, the 13th March, 2023 inter‐alia to consider 2nd Interim Dividend, if any for the financial year 2022‐23. Further, pursuant to the amended "Code of Practices and Procedures for fair disclosure of unpublished price sensitive information & Code of Conduct to regulate, monitor and report trading by insiders", trading window will be under closure from 3rd March, 2023 to 15th March, 2023 (both days inclusive)."

Record Date for 2nd Interim Dividend

According to the exchange filing by the company on 07.03.2023, the Board of Directors said, "In Continuation to our letter dated 03.03.2023, we would like to inform that, Tuesday, the 21st March, 2023 has been fixed as 'Record Date' for payment of 2nd interim dividend for the financial year 2022-23 (If approved by the Board of Directors in their meeting scheduled to be held on 13.03.2023). 2nd Interim Dividend will be paid to those shareholders whose names appear."

Stock Overview - CMP, Returns, & 52-Week Low/High

The stock of NALCO is currently trading at Rs 82.85 apiece. It has gained 6.07% in the past 1 month and 7.87% in the past 3 months, respectively. However, it has fallen 32.2% in the past 1 year. It gave a robust positive return of 168.45% in the past 3 years. It gave 32.72% positive return in 5 years.

The stock recorded its 52 week low on 28 September 2022 at Rs 66.95 apiece and 52 week high on 6 April 2022 at Rs 132.40 apiece, respectively. NALCO is a midcap PSU stock that operates in the Metal sector. It has a market capitalisation of Rs 15,335.88 crore.

Disclaimer

The above-mentioned information is purely informational. 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 making any investment decision.