Dividend On March 14: Multibagger Defence PSU FALLS 13.85% In 30-Days, Record Date SET

Mishra Dhatu Nigam Ltd shares declined 3.27% in trade today to settle at Rs 418.50 apiece. State-run Mishra Dhatu informed after market hours today about its upcoming meeting of Board of Directors on March 14 to consider interim dividend proposal for financial year 23-2024.

The PSU fixed March 22, 2024 as the record date for interim dividend, if declared. Mishra Dhatu shares declined 13.85% in last 30-days and soared 105% in last 1-year. Check details below:

Mishra Dhatu To Consider Interim Dividend: As per the regulatory filing of the company dated March 6, 2024, "This is to inform that a Meeting of the Board of Directors of the Company will be held on Thursday, the 14th March, 2024 to inter alia consider a proposal relating to declaration of Interim Dividend for FY 2023-24.
Mishra Dhatu Sets Record Date For Interim Dividend: The Record date for entitlement for aforesaid interim Dividend, if declared by the Company will be Friday, the 22'~ March, 2024.

Mishra Dhatu Nigam Shares Performance & Return Over Years: The 52-week high price of Mishra Dhatu Nigam shares on BSE is Rs 547.45 apiece and 52-week low price is Rs 172.80 apiece, respectively. The company has a market capitalisation of Rs 7,840.18 crore. Mishra Dhatu Nigam shares recorded 1.97% gain in last 1-week, soared 2.72% in last 6-months, and surged 105% in last 1-year. Mishra Dhatu Nigam stock rallied 138% in last 2-years and zoomed 115% in last 3-years. The stock gained 216% in last 5-years.

Mishra Dhatu Nigam Dividend In 2023: The PSU announced 1.67 per share dividend in 2023 and set record date as September 22, 2023. According to the BSE filing of Midhani, "Pursuant to Regulation 42 of SEBI Listing Regulations, we inform that, 'Record Date' for determining entitlement of Members to the final dividend for FY 2022-23, if declared at AGM, is fixed as Friday, September 22, 2023."

Mishra Dhatu Nigam Financials: The company for the quarter ended December 31, 2023 announced its net sales at Rs 251.98 crore, up 8.85% as against Rs 231.50 crore in the corresponding quarter of preceding fiscal. Mishra Dhatu's net profit for December 2023 quarter declared at Rs 12.49 crore, down 67.56% as against Rs 38.50 crore declared in the same quarter of preceding year. The PSU declared its EBITDA at Rs 42.12 crore for the quarter under consideration, down 43.5% from Rs 74.55 crore in the same quarter of last year. The company's PES declined to Rs 0.67 in December 2023 from Rs 2.06 in December 2022.

Mishra Dhatu About: Mishra Dhatu Nigam Limited (MIDHANI)was established in the year 1973 as a Government of India Enterprise under administrative control of Ministry of Defence. The production unit of MIDHANI, located at Kanchanbagh, Hyderabad, was commissioned in the year 1982. MIDHANI was set up with a view to achieve self-reliance in production and supply of various super alloys, special steels, soft magnetic alloys to Defence and other Strategic Sectors such as Energy, Space and Aeronautical applications.

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