National Aluminum Company Limited (NALCO) is a Mid-Cap company having a market capitalization of 15,143 Cr who works in the aluminum sector. National Aluminum Company Limited (NALCO) is a Schedule ‘A’ Navratna CPSE incorporated on 7th January, 1981 and is headquartered at Bhubaneswar. The company, which is one of the largest integrated bauxite-alumina-aluminium-power complexes in the country, announced next week that it will consider a second interim dividend for the financial year 2022-23, setting a record date for Is.
“We wish to inform that Tuesday, March 21, 2023 has been fixed as the ‘Record Date’ for the payment of Second Interim Dividend for the financial year 2022-23 (if approved by the Board of Directors in their meeting held on 13.03.2023). The Second Interim Dividend will be paid to those shareholders whose names appear as: a. the shares held in electronic form by NSDL and CDSL as beneficial owners at the close of business on 21.03.2023 as per the position to be downloaded in respect of and b. as members in the register of members of the company, after giving effect to the transmission/transposition in physical form filed with the company on or before 21.03.2023, “NALCO said in a regulatory filing.
National Aluminum Company declares Equity Dividend of 130.00% on Face Value, for the financial year ending March 2022 5 per share, in total 6.5 per share. at the current share price of 82.60, this equates to a dividend yield of 7.86%. National Aluminum Company Limited has declared 43 dividends as per trendline data since Aug 22, 2000, and in the last 12 months, National Aluminum Company Limited has declared Equity Dividend 2.50 per share. This results in a dividend yield of 3.02% at the current share price 82.60.
Consolidated profit of state-owned National Aluminum Company Limited (NALCO) plunged up to 69% 256.32 crore in the financial quarter ending December 31, 2022. 830.67 crore was recorded in the corresponding quarter of FY22. Company’s consolidated earnings fell 12.71% year-on-year 3,356.30 crore in Q3FY23, from 3,845.25 crore in Q3FY22. NALCO’s earnings per share (EPS) fell from Rs. 4.52 in December 2021 to Rs. 1.40 in December 2022.
NALCO shares closed on NSE today Closes at 82.60, which is 1.90% lower than its previous close 84.20. The stock recorded total volume average of 71,17,864 shares as compared to 20-day volume average of 9,956,835 shares. In last 1 year, the stock has declined 32.49% and on YTD basis it has declined 1.31% in 2023 so far. The stock has touched a 52-week high 132.40 (06-Apr-2022) and 52-week low at 66.95 (28-Sep-2022). During Q3FY23, the company recorded promoter holding at 51.28%, FII holding at 15.05%, DII holding at 12.49% and public holding at 21.17%.
As per Trendline data, promoters holding remained stable at 51.28% in the Dec 2022 quarter while FIIs/FPIs increased their holding from 14.69% in the Sep 2022 quarter to 15.05% in the Dec 2022 quarter FII/FPI investors Number of MFs increased from 287 in Q2 FY2023 to 298 in Q3 FY2023 Mutual funds reduced their share from 10.79% in Q2 FY2023 to 9.89% in Q3 FY23 , and institutional investors increased their stake in NALCO from 27.27% in Q2 FY2023 to 27.54% in December 2022 quarter.
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