Miniratna Defence Sector PSU Stock Fixes Record Date For Dividend, Check Record Date

Mishra Dhatu Nigam Ltd., a small cap Miniratna PSU stocks, in its regulatory filing on 1 March 2023, announced the "Record Date" for the Interim Dividend. The Interim Dividend will be considered on Wednesday, 15 March 2023, according to the exchange filing by the company. It has a market capitalisation of Rs 3,833.91 crore.

Record Date for Interim Dividend

According to the regulatory filing by the Board of Directors of Mishra Dhatu Nigam Ltd., "This is to inform that a Meeting of the Board of Directors of the Company will be held on Wednesday, the 15th March, 2023 to inter alia consider a proposal relating to declaration of Interim Dividend for FY 2022-23. The Record date for entitlement for aforesaid interim Dividend, if declared by the Company will be Thursday, the 23rd March, 2023."

Mishra Dhatu Nigam's Stock Performance & Outlook

The stock of Mishra Dhatu Nigam last traded at Rs 204..65 apiece. The stock has recorded its 52 week low on 20 June 2022 at Rs 155.55 apiece and 52 week high on 9 November 2022 at Rs 268.90 apiece, respectively.

The stock has given 3.86% positive return in the past 1 week. It gave 1.34% positive return in the past 1 month, however, it has fallen 14.69% in the past 3 months. It has given 16.31% positive return in the past 1 year, however, it has fallen 12.28% in the past 3 years. Since its listing date i.e. 4 April 2018, its share value has jumped 127.26%.

About the Company

Mishra Dhatu Nigam Ltd (MIDHANI) was established in the year 1973 as a Government of India Enterprise under the administrative control of the 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 the 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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