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Defence PSU stock in focus today as board declares interim dividend, fixes record date

Defence PSU stock in focus today as board declares interim dividend, fixes record date

The stock ended higher ahead of the meeting of board of directors to consider interim dividend. 

Aseem Thapliyal
Aseem Thapliyal
  • Updated Mar 20, 2025 8:56 AM IST
Defence PSU stock in focus today as board declares interim dividend, fixes record dateMishra Dhatu Nigam stock ended 8.40% higher at Rs 284.60 in the previous session on BSE.

Shares of Mishra Dhatu Nigam Ltd are in focus today after the the aerospace and defence firm announced an interim dividend of Rs 0.75 per share for the financial year 2024-25.The record date for the dividend is March 25, 2025.
Mishra Dhatu Nigam stock ended 8.40% higher at Rs 284.60 in the previous session on BSE. Market cap of the firm stood at Rs 5331.70 crore. The stock ended higher ahead of the meeting of board of directors to consider interim dividend.

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"Board of Directors of the Company at its meeting held today, i.e. 19th March, 2025 which commenced at 1530 hrs. and concluded at 1600 hrs. has interalia approved declaration of Interim Dividend Rs. 0.75 per equity share i.e. (@7.50%) of
Rs. 10/- each for the financial year 2024-25," said the firm in a communication to bourses.

"The record date for determining entitlement of aforementioned interim divided shall be Tuesday, 25th March, 2025," it added.

Mishra Dhatu Nigam is a Mini-Ratna public sector undertaking under the Ministry of Defence. It manufactures and supplies strategic materials such as superalloys, titanium, and special steels for defence, aerospace, and other strategic sectors, aiming for self-reliance.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Mar 20, 2025 8:56 AM IST