Miniratna PSU Under Steel Ministry Sets Dividend Meet; Shares Jump 97% In 6-Months

Miniratna public sector undertaking MSTC Ltd today informed about its upcoming meeting of Board of Directors scheduled to be held on May 27, 2024 to consider financial results and final dividend. Current market price MSTC Share, engaged in trading sector, is Rs 835.15 per share with intraday gain of 3.28%. The company has a market capitalisation of Rs 5,879.46 crore. MSTC Ltd shares offered return of 173% in last 1-year and declined over 9% in last 3-months. Life Insurance Corporation Of India - P & Gs Fund has 3.29% stake in MSTC with 60,418,752 shares of the company. More details below:

MSTC Ltd To Consider Results, Dividend: As per the BSE filing of MSTC Ltd dated May 14, 2024, "a Meeting of the Board of Directors of the Company will be held on Monday, 27th May, 2024 inter-alia to consider and approve the Audited Standalone and Consolidated Financial Results with Auditors Report for the quarter and year ended 31 st March, 2024 and to recommend Final dividend for the financial year 2023-24, if any."

MSTC Ltd Dividend History: MSTC Ltd. announced 10 dividends since September 16, 2020. In last 1 year, MSTC Ltd. announced equity dividend amounting to Rs 13.70 per share. At the current share price of Rs 828.9500, MSTC Ltd.'s dividend yield is 1.65%.

MSTC Ltd Share Performance: The 52-week high price of MSTC share on BSE is Rs 1165.00 apiece (as on 31/01/2024) and 52-week low price is Rs 300.60 apiece (as on 30/05/2023), respectively. MSTC shares zoomed 27% year-to-date, gained 190% in last 2-years, and offered return of 217% in last 3-years. In last 5-years, MSTC shares surged 738%.

MSTC About: MSTC Limited is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India. Government of India has 64.75% share holding in the company. It was incorporated as "Metal Scrap Trade Corporation Limited", under the provisions of the Companies Act, 1956 on September 9, 1964 at Kolkata.

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