Miniratna PSU Stock Declares Record Date For Interim Dividend, Rallied 82% In 6-Months

Mid cap public sector enterprise operating in construction sector, Rail Vikas Nigam Ltd declared April 6, 2023 as the record date for interim dividend, if approved. The stock delivered attractive 82% return in just last 6 months. Its last trading price on BSE is Rs 65.61 apiece with intraday gain of 2.24%. Check details below:

Rail Vikas Nigam Ltd Sets Record Date For Interim Dividend: According to the regulatory filing of the company, "Pursuant to Regulation 29 read with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), this is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 24th March, 2023, inter alia, to consider and approve the Interim Dividend for the financial year 2022-23."

For the purpose of payment of Interim Dividend, if so, approved by the Board, the 'RECORD DATE' would be 6 th April, 2023 (Thursday).

Rail Vikas Nigam Ltd Stock Performance & Return: Last trading price of Rail Vikas Nigam Ltd is Rs 65.61 apiece with intraday jump of 2.24%. Its 52-week high is Rs 84.15 apiece and 52-week low is Rs 29.00 apiece, respectively. Its market capitalisation is Rs 13,679.82 crore. In last 6-months, it rallied 82%, gave 83% return in last 1-year, 116% return in last 2-years, and 372% return in last 3-years.

About: The company began its operation in 2005 with the appointment of Board of Directors. The company was granted Miniratna status in September 2013. RVNL has been rated "Excellent" for the 9 successive years by the Department of Public Enterprises. RVNL has also been ranked 1st amongst the Railway PSEs for the 4 times out of the last 5 years, according to its official website.

Disclaimer: The stock declared record date for interim dividend, if declared. 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.