2 PSU Stocks That Rallied Over 300% In 1-Yr Trading Ex-Dividend Today

Two PSU stocks that offered shareholders over 150% return in just a span of last 6-months are all set to trade ex-dividend today. These two stocks are Rail Vikas Nigam Ltd and Mazagon Dock Shipbuilders Ltd. Both RVNL shares and Mazagon Dock shares surged more than 300% in last 1-year span only. Check details below:

1. Mazagon Dock Shipbuilders To Go Ex-Dividend Today: The board of directors of Mazagon Dock recommended a final dividend of Rs 6.86 per equity share of the face value of Rs 10, subject to approval at its ensuing AGM. Earlier, the company announced an interim dividend of Rs 9.10 per equity share for FY 2022-23.

Current market price of Mazagon Dock share 2188.90 per share with intraday fall of 0.35%. Mazagon Dock has a market capitalisation of Rs 44,129.77 crore. Mazagon Dock stock witnessed a rally of 233% in last 6-months, gained 177% YTD, soared 379% in last 1-year, and offered a huge return of 750% in last 2-years.

Mazagon Dock About: Mazagon Dock Shipbuilders Limited is one of the leading shipbuilding yards in India. Over the years, MDL has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. It was incorporated as a Private Limited Company in 1934. After its takeover by the Government in 1960, Mazagon Dock grew rapidly to become the premier war-shipbuilding yard in India, producing warships for the Navy and offshore structures for the Bombay High.

2. Rail Vikas Nigam Will Go Ex-Dividend On September 20: Yet another PSU stock RVNL will also go ex-dividend today. Earlier, its board of directors recommended a final dividend of Re 0.36 per equity share of the face value of Rs 10, subject to approval at its 20th AGM. It is scheduled to hold its 20th AGM via video conferencing or other audio-visual means (OAVM) later this month on September 27.

Current market price of Rail Vikas Nigam share is Rs 165.55 per share with intraday surge of 0.15%. The company's market capitalisation is Rs 34,517.51 crore. RVNL shares soared 156% in last 6-months, gained 141% YTD, rallied 378% in last 1-year, and offered return of 438% in last 2-years. In last 3-years, RVNL stock surged 674%.

RVNL About: RVNL is a Navratna CPSE under the Ministry of Railways, Government of India. RVNL functions as an extended arm of the Ministry of Railways working for & on behalf of Ministry of Railways (MoR). It is empowered to act as an Umbrella SPV to undertake project development, resource mobilization etc. directly or by creating project specific SPVs or by any other financing structure found suitable, according to its official website.

Disclaimer

The stocks just highlight the ex-dividend dates and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.