Stock Under Rs 75: PNB Subsidiary Fixes Record Date For Interim Dividend, Shares Rally

Small cap financial sector company and subsidiary of Punjab National Bank, PNB Gilts Ltd fixed July 31, 2023 as the record date for interim dividend. Meanwhile, PNB Gilts shares witnessed a rally of 4.31% intraday on BSE to Rs 68.05 per share intraday. Check details below:

PNB Gilts Sets Record Date For Interim Dividend: According to the BSE filing of PNB Gilts dated July 18, 2023, "This is to inform you that the meeting of the Board of Directors of PNB Gilts Limited ('the Company') is scheduled to be held on Friday, the 21st day of July, 2023, inter-alia, to consider the proposal for declaration of Interim dividend for the financial year ending on 31st March, 2024. Please note that the record date for the purpose of determining the entitlement of the shareholders for the aforesaid interim dividend, if any, has been fixed as July 31, 2023. This however is subject to the declaration of the aforesaid interim dividend by the Board of Directors of the Company in above referred meeting."

PNB Gilts Stock Price & Return: Current market price of PNB Gilts share is Rs 68.05 per share with intraday jump of 4.31%. Its 52-week high price is Rs 73.95 per share and 52-week low price is Rs 55.25 per share, respectively. The company has a market capitalisation of Rs 1224.97 crore. In last 3-months, PNB Gilts shares offered return of 17%, gave 8% return in last 1-year, declined 7% in last 2-years, gave return of 89% in last 3-years, and jumped 161% in last 5-years.

PNB Gilts Financial Outlook: The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 310.40 crore, up 4.66% from last quarter total income of Rs 296.58 crore. It declared its recent quarter net profit after tax at Rs 13.49 crore.

PNB Gilts About: PNB Gilts Ltd, a renowned and preferred name in the Indian debt market was one of the first entities to be granted the Primary Dealership License by the Reserve Bank of India. The company is also a subsidiary of one of the largest Indian commercial banks, Punjab National Bank. Company has played a pivotal role in strengthening of the domestic fixed income markets and is a dominant player, marking its presence with significantly high market share in the overall trading turnover, according to its official website.

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