PSU Stock Under Rs 65 Declares Interim Dividend, 6-Months Return 84%

Mid cap PSU stock, Rail Vikas Nigam Limited today declared interim dividend for the financial year 2022-23. The company fixed April 6, 2023 as the record date for interim dividend. The stock delivered 488% return in last 3-years. Last trading price of Rail Vikas Nigam is Rs 64.72 apiece on BSE. Check details below:

Rail Vikas Nigam Limited Announces Interim Dividend: According to the regulatory filing of the company, "Pursuant to Regulation 30 and 43 of the listing Regulations, this is to inform that the Board of Directors of the Company in its meeting held today i.e. 24th March, 2023 have declared an Interim Dividend of Rs 1.77/- per equity share of Rs. 10/- each (i.e. 17.7 %) for the financial year 2022-23." The Record date i.e. Thursday, 6th April, 2023 for determining eligibility of shareholders for payment of Interim Dividend has been fixed for the said purpose.

Rail Vikas Nigam Limited Stock Performance & Return: Last trading price of Rail Vikas Nigam is Rs 64.72 apiece. Its 52-week high is Rs 84.15 apiece and 52-week low is Rs 29.00 apiece, respectively. Its market capitalisation is Rs 13,494.25 crore. It gave 85% return in last 1-year, 133% return in last 2-years, and 488% return in last 3-years.

Rail Vikas Nigam Limited About: It was incorporated as a Public Sector Undertaking for the mandate to: Undertake and execute project development, financing and implementation of projects related to rail infrastructure and mobilize financial & human resources for project implementation, according to its
official website.

Disclaimer: The stock declared interim dividend today and fixed record date. 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.