Upcoming Dividend: Multibagger NCC Sets Record Date, Shares Rise 320% In 2-Yrs

Shares of mid cap construction company, NCC Limited slipped over 4% in last 1-week but gained 370% in last 2-years only. The company today fixed August 30, 2024 as the record date for dividend. Current market price of NCC Limited shares on BSE is Rs 309.65 per share. Board of Directors of NCC recommended dividend of Rs 2.20 per equity share (110%) of the face value of Rs 2 each for the financial year 2023-24. It is worth mentioning here that ace investor Rekha Jhunjhunwala has 10.63% stake in NCC as of June 2024 with 66,733,266 shares.

NCC Limited Sets Record Date For Dividend: As per the regulatory filing of NCC Limited issued on August 17, 2024, "In pursuance of the Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has fixed Friday August 30, 2024 as the Record Date for determining the shareholders who are eligible for the Equity Dividend as recommended by the Board of Directors at its meeting held on May 15, 2024, subject to approval of the Members at the forthcoming Annual General Meeting."

NCC Dividend History: NCC Ltd announced 24 dividends since August 30, 2001. In last 1-year, NCC Ltd recommended an equity dividend amounting to Rs 2.20 per share. At the current share price of Rs 309.85, NCC offers a dividend yield of 0.71%.

Shareholding: FII/FPI have decreased holdings from 27.33% to 23.65% in June 2024 quarter. Number of FII/FPI investors increased from 325 to 346 in June 2024 quarter. Number of MF schemes increased from 23 to 27 in June 2024 quarter. Institutional Investors have decreased holdings from 37.96% to 35.05% in June 2024 quarter.

NCC Financials: NCC Ltd. declared a surge of 21% year-on-year (YoY) in net profit for the quarter ended June 30, 2024 to Rs 222.53 crore as against the net profit of Rs 184.22 crore reported in the corresponding quarter of last year. Revenue of NCC jumped by 26.2% year-on-year for June 2024 quarter to Rs 5,527.98 crore.

NCC Limited Shares Performance: 52-week high price of NCC Limited shares on BSE is Rs 364.50 per share (as on 31/07/2024) and 52-week low price is Rs 136.55 per share (as on 26/10/2023), respectively. The company has a market capitalisation of Rs 19,441.27 crore. NCC shares offered return of 98% in last 1-year, gained 281% in last 3-years, and surged 397% in last 5-years. NCC Limited shares have been offering positive annual returns consistently since 2020.

NCC About: NCC ventured into diverse sectors of construction and infrastructural development. Spanning across the nation, its construction activities are covered under buildings, transportation, water & environment, electrical (T&D), irrigation, mining and railways sectors, according to its official website.

Disclaimer:

The stock just highlights dividend and record date. The stock is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.