Mishra Dhatu Nigam Share Price Update

Market Performance

Mishra Dhatu Nigam shares have shown mixed performance in recent times. The stock has increased by over 5% in the past month. However, on a year-to-date (YTD) basis, it has experienced an 18% decline. Over the last year, the share price has fallen by 22%, while it has surged by 48% in the past two years.

Board Meeting and Dividend Consideration

The Mishra Dhatu Nigam Ltd board of directors, a state-run defence enterprise, is set to convene on March 19, 2025. The main agenda of the meeting is to deliberate on the declaration of an interim dividend for the financial year 2024-25. The company officially communicated this update in a regulatory filing dated March 12, 2025.

The board meeting was initially planned for March 20, but the date was rescheduled, and it will now be held on March 19.

Dividend Record Date

The company has set March 25, 2025, as the record date to identify shareholders eligible for the proposed interim dividend. Consequently, Mishra Dhatu Nigam shares will trade ex-dividend from March 25.

Dividend History

Mishra Dhatu Nigam has a history of issuing dividends to its shareholders. The most recent interim dividend was declared on March 22, 2024, with a payout of ₹1.41 per share. Additionally, the company issued a final dividend of ₹1.67 per share on September 22, 2023.

The company declared an interim dividend of ₹1.68 per share on March 23, 2023, and a final dividend of ₹1.54 per share on September 21, 2022.

Stock Price Movement

In early trading on March 19, 2025, Mishra Dhatu Nigam shares witnessed a significant rise, climbing over 7% to reach ₹282.80 apiece on the BSE. At around 9:55 AM, the stock was trading 6.09% higher at ₹278.55 per share.

Summary

• Mishra Dhatu Nigam stock has risen 5% in the last month but remains 18% lower on a YTD basis.
• The March 19, 2025, board meeting will focus on considering an interim dividend.
• The dividend's record date is set for March 25, 2025, and shares will trade ex-dividend on the same date.
• The company has previously issued both interim and final dividends, with the most recent interim dividend being ₹1.41 per share in March 2024.
• The stock price surged over 7% ahead of the board meeting.