Navratna Dividend: PSU Stock Under Rs 146 Sets Record Date, Rises 175% In 2-Yrs

Shares of mid cap Navratna company, NLC India Ltd witnessed a rally of 5.22% on BSE after the company fixed September 19, 2023 as the record date for dividend. NLC India shares hit 52-week high in trade today. Current market price of NLC India share is Rs 144.15 apiece on BSE. NLC India stock offered shareholders a return of 80% in last 6-months and 86% return in last 1-year. Check details below:

NLC India Sets Record Date For Dividend: As per the BSE filing of NLC India company dated September 2, 2023, "Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, 20th September, 2023 to Tuesday, 26th September, 2023 (both days inclusive) and the company has fixed Tuesday, 19th September, 2023 as the Record Date for taking record of the Members of the Company for the purpose of Annual General Meeting and Final Dividend, if approved, for the financial year 2022-23."

NLC India Stock Performance & Return: Current market price of NLC India share is Rs 144.15 apiece. Its 52-week high price is Rs 145.90 per share and 52-week low price is Rs 65.05 apiece, respectively. Its market capitalisation is Rs 19,988.37 crore. NLC India shares surged 175% in last 2-years, gained 176% in last 3-years, and soared 92% in last 5-years.

NLC India Financial Performance: The company for the quarter ended June 30, 2023 witnessed a dip of 41.45% in its consolidated total income at Rs 3,428.48 crore as compared to its last quarter total income of Rs 5,855.57crore. It announced its recent quarter net profit after tax at Rs 413.55 crore.

NLC India About: 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.

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