Maharatna Dividend Stock: Large Cap Metals Stock Under Rs 105 Sets Record Date

Large cap company operating under metal and ferrous sector, Steel Authority of India (SAIL) on September 5, 2023 fixed September 20, 2023 as the record date for final dividend for financial year 2022-23. Last trading price of Steel Authority of India share is Rs 99.00 apiece with intraday fall of 2.67%. SAIL shares offered 15% return in last 2-weeks and rallied 144% in last 3-years. Check details below:

Steel Authority of India Sets Record Date For Dividend: According to the BSE filing of SAIL, "Pursuant to Section 9l of the Companies Act, 2013 and rules notified thereunder and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Wednesday, 20s September, 2023 as the 'Record Date' for determining entitlement of members to Final Dividend for the FY 2022-23, subject to approval by the Members at the AGM. The payment of final dividend, if approved by the Members at the AGM, will be paid subject to deduction of Income Tax at source (TDS)."

SAIL Stock Performance & Return: Last trading price of SAIL share on BSE is Rs 99.00 per share on BSE. Its 52-week high price is Rs 103.59 per share and 52-week low price is Rs 73.25 per share, apiece, respectively. It has a market capitalisation of Rs 40,949.86 crore. In last 3-months, SAIL shares gained 19%, soared 11% YTD, offered shareholders return of 21% in last 1-year, and fell 18% in last 2-years. Steel Authority of India stock witnessed a surge of 144% in last 3-years and rose 29% in last 5-years.

Steel Authority of India Financials: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 24,822.83 crore, down 15.62% as against its last quarter total income of Rs 29,416.39 crore. It declared its recent quarter net profit after tax at Rs 149.08 crore.

SAIL About: Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country's Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products, according to its official website.

Disclaimer

The stock just highlights the dividend and 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.