NMDC and IRFC shares rise before dividend announcement, read in detail
Investors are keeping a close eye on the shares of National Mineral Development Corporation (NMDC) and Indian Railway Finance Corporation Limited (IRFC). In today's early trade, both these stocks have registered a rise of up to 2 percent. This rise has been seen just before the announcement of interim dividend by both the companies.
In fact, the board meeting of NMDC and IRFC has been scheduled today, in which, among other things, the Board of Directors will consider the interim dividend for its shareholders.
This rise has been recorded before the announcement of interim dividend today.
Both PSU stocks up by 2 percent
In today's trading, NMDC shares rose by more than 2 percent to make their intraday high at Rs 65.48, while on Thursday it closed at Rs 63.80. At the same time, IRFC shares have made their intraday high at Rs 119.72, while on Thursday it closed at Rs 117.69.
IRFC and NMDC dividend record date
Let us tell you that Indian Railway Finance Corporation (IRFC) has already fixed the record date for interim dividend. The PSU company has fixed the record date as 21 March 2025. In such a situation, if the interim dividend is approved by the Board of Directors today, then the shareholders whose names will be in the register of the company till March 21 will get its benefit.
Shares of government-owned company
Let us tell you that Navratna company NMDC has not yet announced the record date. However, it is expected that the company will announce dividend payout and record date today.
Summary
IRFC shares have declined by more than 3 percent in the last one month, while there has been a decline of more than 25 percent in a period of 6 months. At the same time, investors have suffered a loss of 12 percent in a year.
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On the other hand, NMDC shares have registered an increase of more than 3 percent in the last one month, while there has been a decline of about 10 percent in 6 months.
At the same time, investors have got a negative return of more than 4 percent in a period of one year.
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.