Rs 3.5/Share Dividend: Metal Stock Sets Aug 9 As Record Date, Buy For TP Rs 800: Motilal Oswal

Metal & non-ferrous sector stock Hindalco Industries today fixed August 9, 2024 as the record date for Rs 3.50/- per equity share of Re 1/- each for the year ended March 31, 2024. The company also informed that its Annual General Meeting (AGM) will take place on August 22, 2024. Last trading price of Hindalco Industries share as on July 19 is Rs 663.00 per share. Hindalco Industries share offered return of 51% in last 1-year and declined 5% in last 2-weeks.

The company has a market capitalisation of Rs 1,48,990.46 crore. Motilal Oswal has issued buy call to Hindalco Industries share with target price of Rs 800. More details below:

Hindalco Industries Dividend: As per the regulatory filing of Hindalco Industries issued as on May 24, "recommended a dividend of Rs. 3.50 /- per equity share of Re. 1/- each for the year ended March 31, 2024, subject to the approval of Shareholders at the ensuing Annual General Meeting of the Company." The dividend payment date will be on or before Tuesday, August 27, 2024, added the BSE filing.

Hindalco Industries Share Performance: The 52-week high price of Hindalco Industries Ltd share on BSE is Rs 714.85 per share (as on 03/06/2024) and 52-week low price is Rs 431.40 per share (as on 24/07/2023), respectively. Hindalco Industries shares gained 19% in last 6-months, soared 80% in last 2-years, and surged 238% in last 5-years.

Hindalco Industries About: Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. A $26 billion metals powerhouse, Hindalco is the world's largest aluminium company by revenues, and a major player in copper. It is also one of Asia's largest producers of primary aluminium. Guided by its purpose of building a greener, stronger, smarter world, Hindalco provides innovative solutions for a sustainable planet. Its wholly-owned subsidiary Novelis Inc. is the world's largest producer of aluminium beverage can stock and the largest recycler of used beverage cans (UBCs), according to its LinkedIn page.

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