Rs 5.75 Dividend Stock: This PSU company to go ex-date soon - Check Share Price Target 2024

NMDC Dividend 2024, NMDC Share Price Target NSE, BSE 2024: Shares of Navratna public sector undertaking (PSU) NMDC fell by around 0.59 per cent in the morning session on Monday i.e. February 26. The counter opened at Rs 239.95 but fell to Rs 236.85 under selling pressure. 

The stock has been losing for the last two days. The shares of NMDC, which has a market cap of Rs 68,411.40, have a 52-week-high of Rs 252.65 and a 52-week low of Rs 103.75.

NMDC Share Price Target NSE, BSE 2024:

Brokerage firm Motilal Oswal has given a 'Buy' call to the large-cap Navratna public sector undertaking (PSU) share with a target price of Rs 280 apiece.

NMDC Share Price Target NSE, BSE: Anil Singhvi's View  

After the Q3 results of NMDC, Zee Business Managing Editor Anil Singhvi highlighted that NMDC's quarterly results were strong, especially on the operational front. 

Highlighting that the stock has already gained about 35 per cent in three months, the market guru said one can expect support for NMDC futures near the Rs 225 mark, and higher levels at Rs 243 and Rs 248.  

The counter has given 110 per cent return in one year.

NMDC Dividend 2024 Amount

Meanwhile, NMDC Limited has announced a whopping 575 per cent or Rs 5.75 per equity dividend for the fiscal year 2023-24.

NMDC Dividend 2024 Record Date, Ex-Date

NMDC, in an exchange filing, said that the company has set February 27 as the ex-date and record date of the payment of the interim dividend.

NMDC Limited Dividend History

Earlier, the company announced an interim dividend of Rs 5.75 in February. Here's the history of dividends announced by NMDC: