100% Return in 5 Years: PSU gas stock to recommend dividend soon - Should you buy? Check Target Price

GSPL share price NSE, Gujarat State Petronet Dividend 2024: Gujarat government-run public sector undertaking (PSU) GSPL has informed exchanges that its board of directors will meet soon and may recommend dividend for the financial year 2023-24. The company has also stated that the board will also consider the financial results of the Gujarat State Petronet Ltd. 

Gujarat State Petronet Dividend 2024

As per the exchange filing, the board meeting is scheduled to be held on May 8, 2024. 

"This is to inform you that the Meeting of the Board of Directors of the Company is scheduled to be held on 8th May, 2024, inter-alia to consider the Audited Financial Results (Standalone I Consolidated) of the Company for the Quarter and Financial Year ended 31't March, 2024. It is further informed that the Dividend, if any, for the FY 2023-24 may be considered and recommended at the aforesaid Board Meeting of the Company," the company said 

GSPL Dividend History

Earlier, the Gujarat State Petronet announced the final divided of Rs 5 in September, 2023. Here's the history of dividends announced by the company.

GSPL Share Price Target 

Meanwhile, brokerage firm Motilal Oswal has given a 'buy' call to Gujarat State Petronet Ltd share and has set the target price of Rs 450. The stock of GSPL, which has a market cap of Rs 20,311, has a 42-week high of Rs 407.30 and a 52-week low of Rs 254.75. The stock opened at Rs 364 today and last seen it was trading at Rs 364.45.

GSPL Share Price History

The shares of GSPL have given a return of over 106 per cent in the last five years. The counter has gained over 38 per cent in one year.