Shares of state-run National Aluminum Company Limited (NALCO) were trading ex-dividend a day before its record date, which is set for payment of the second one on Friday, February 18, 2022. interim dividend For the financial year 2021-22. Stock bounced back from lows and turned around 118 each on the BSE in Thursday’s deals.
The Board of Directors had approved the payment of a second interim dividend at the rate of Rs.3 per share (60 per cent each on the face value of each) on the paid-up equity share capital. 918 crore for the financial year 2021-22. The PSU company, in an exchange filing, had said that the second interim dividend would be paid on or before 07.03.2022 to all eligible shareholders, whose names appear in the register of members as on the record date i.e. 18.02.2022.
Sumeet Bagadiya of Choice Broking gives buy advice on the downside strategy of Nalco shares 100-105 levels act as key support and target price 130.
NALCO’s consolidated net profit for the third quarter ended December jumped more than three times 830.67 crore as compared to 239 crore for the year-ago period. Its earnings increased during the quarter 3,845 crore plus 2,414 crore in the year-ago period.
Nalco shares have given multibagger returns of over 135% in a one-year period, while the stock is up 15% in 2022 (Year-to-date or YTD). NALCO is a Navratna CPSE under the Ministry of Mines. The company has integrated and diversified operations in mining, metals and power.
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