Navratna Stock Fixes Record Date For Dividend, ICICI Direct Says Buy For Gain

Board of leading Navratna stock, National Aluminium Company Ltd has fixed January 27, 2023 as the record date for interim dividend. The stock has already given 23% returns to shareholders in last 3-months. Meanwhile, brokerage firm ICICI Direct has assigned buy rating to the stock with a target price of Rs 94 apiece. The current market price of the stock is Rs 84.50 apiece. Check details below:

1. National Aluminium Company Ltd Sets Record Date For Interim Dividend

According to the BSE filing of the company, "In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, we would like to inform that, the Board of Directors in their meeting held on 17.01.2023 have approved payment of interim dividend @ Rs.1/- per share (20% on Face value of Rs.5/- each) on the paid-up equity share capital of Rs.918.32 crores for the financial year 2022-23."

The record date for the same is January 27, 2023.

2. ICICI Direct Gives Buy Call To National Aluminium Company

ICICI Direct has assigned buy rating to the stock with a target price of Rs 94 apiece. If you buy the stock at the current market price, you will potential get a return of 12%. The analyst has given a target time of 3-months, when the stock will reach the target price.

3. National Aluminium Company Stock Performance & Return

The stock's last trading price is Rs 84.50 apiece with an intraday gain of 1.08%. Its 52-week high is Rs 132.75 apiece and 52-week low is Rs 67.00 apiece, respectively. The company has a market capitalisation of Rs 15,519.54 crore. The stock has given a return of 23% in last 3-months, 9% in last 1-month, and declined 23% in last 1-year.

4. About National Aluminium Company

National Aluminium Company Limited (NALCO) is a Schedule 'A' Navratna CPSE established on 7th January, 1981 having its registered office at Bhubaneswar. It is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. Currently, Indian government holds 51.28% of paid up equity capital.

Disclaimer

The stock has been picked from the brokerage report of ICICI Direct. Greynium Information Technologies, the Author, and the respective Brokerage House 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.