Multibagger Defence PSU Stock Fixes Record Date For Dividend, Scrip Up 401.28% In 1 Yr

Defence sector PSU Mazagon Dock Shipbuilders Ltd. on Wednesday, Sept 06, 2023, fixed the record date for the Dividend on Wednesday, Sept 20, 2023.

The Board of Directors of the company also informed that the Annual General Meeting (AGM) of the company will be held on Wednesday, Sept 27, 2023, at 11.00 A.M. (IST) through Video Conferencing (VC)/Other Audio Video Visual Means (OAVM).

"the Register of Members and the Transfer of Shares of the Company will be closed for the purpose of the AGM and Dividend from 21 September 2023 to 27 September 2023 (both days inclusive) and the Company has fixed Record Date i.e. Wednesday 20 September 2023 for determining the eligible shareholders entitled to receive the final dividend," the Board of Directors said in an exchange filing.

The shares on Wednesday closed 0.50% lower at Rs 1,905.10 per share with the day's highs and lows of Rs 1,924.40 and Rs 1,885.60, respectively.

The stock gained 2.22% in the last 1 week. It has given 85.63% robust return in 3 months and 160.05% in 6 months, respectively. It has given 401.28% multibagger return in 1 year and 666.49% multibagger return in 2 years.

The stock touched its 52-week high on July 25, 2023, at Rs 2,040 per share and 52-week low on Sept 06, 2022, at Rs 377 per share.

Mazagon Dock Shipbuilders Limited is Miniratna Category-1 CPSE under the Ministry Of Defence, Government of India. It is one of the leading shipbuilding yards in India. The company is engaged in building and repairing of ships, submarines, various types of vessels, and related engineering products. It is a midcap company with a Market cap of Rs 38,423.96 Crore.

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