PSU Dividend: Multibagger Aerospace & Defense Co Declares Dividend, Shares Rise

Mid cap company Mishra Dhatu Nigam Ltd shares gained 4.30% today on BSE after the company declared interim dividend of Rs 1.41 per equity share of Rs 10/- each for the financial year 2023-24. Mishra Dhatu Nigam shares declined 11% in last 6-months and gained 116% in last 2-years. The company has a market capitalisation of Rs 6836.97 crore. Midhani shares rallied 88% in last 1-year. The company has a PE of 59.42 and ROE of 8.41. Its EPS (TTM) is 5.92. Check details below:

Mishra Dhatu Nigam Declares Interim Dividend: As per the regulatory filing of the company dated March 14, 2024, "This is to inform you that, the Board of Directors of the Company at its meeting held today, i.e. 14th March, 2024 which commenced at 1200 hrs. and concluded at 1330 hrs. has interalia approved declaration of Interim Dividend Rs. 1.41 per equity share (@14.10%) of Rs. 10/-each for the financial year 2023-24."

Mishra Dhatu Nigam Sets Record Date For Interim Dividend: Further, in reference to our intimation letter MDN/CS/BM-281/2023-24 dated 6 th March, 2024, the record date for aforementioned interim divided shall be Friday, 22nd March, 2024, added the BSE filing of Midhani.

Mishra Dhatu Nigam Shares Performance & Return: The last trading price of Mishra Dhatu Nigam shares on BSE is Rs 364.25 apiece. 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. Mishra Dhatu Nigam shares declined 11% in last 6-months, soared 89% in last 1-year, rallied 115% in last 2-years, and offered gain of 87% in last 3-years, and surged 162% in last 5-years.

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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