Navratna Power Stock To Consider Dividend, Anand Rathi Says Buy For 28% Return

Leading power sector stock, NLC India Ltd is all set to consider declaration of interim dividend, if any for the financial year 2022-23. Brokerage firm Anand Rathi has assigned buy call to NLC India with a target price of Rs 100 apiece and potential return of 28%. NLC India is a PSU Navratna company under the Ministry Of Coal since 1956. Check details pertaining to the stock below:

1. NLC India Ltd To Consider Interim Dividend

According to the BSE filing of the company, "NLC India Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2023, inter alia, to consider and approve i. To consider and approve, the Un-audited Financial Results (Standalone and Consolidated) for the Quarter and Nine months period ended 31st December,2022; ii. To consider declaration of Interim Dividend, if any, for the Financial Year 2022-23."

2. NLC India Ltd Stock Performance & Return

The last trading price of the stock is Rs 78.65 apiece with an intraday fall of 0.38%. The stock's 52-week high is Rs 95.25 apiece and 52-week low is Rs 56.20 apiece, respectively.

The company has a market capitalisation of Rs 10,905.90 crore. The stock gave a return of 42% in last 3-years and declined 22% in last 5-years.

About NLC India Ltd

For more than six glorious decades, NLC India Limited has been a forerunner amongst the Public Sector Enterprises in the country in the energy sector, contributing to a lion's share in lignite production and significant share in thermal and renewable energy generation.

The Company was incorporated on 14.11.1956. NLCIL is a Navratna Government of India Enterprise, under the administrative control of Ministry of Coal. Today, the company has set its footprints in PAN India mode in the states of TamilNadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman & Nicobar Islands, according to its official website.

Disclaimer

The stock gives details pertaining to interim dividend. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.