Navratna PSU Dividend: 10 % interim dividend Navratna PSU; When is the record date?

Navratna PSU Dividend: The Board of Directors of Rail Corporation of India Limited has announced a second interim dividend in paid-up share capital at 10%. The board has decided to pay the second interim dividend for the financial year 2024-25 as a record date of April 2, 2025. In addition, the payment will start from April 9.

2021 to 9 dividends ..

Rail Tail has released 9 dividends from 31 March 2021. In the previous year, Rail Tail has announced an equity dividend of Rs 2.85 per share. The price of the rail tail share is currently Rs 289.7500. That is, the rail rhythm dividend is 0.98 %. On March 12, the price of the rail tail fell nearly 2%, the share price on BSE opened at Rs 294.05. Intrade hit a maximum of Rs 298.50 per share and an Intrade minimum at Rs 288.25.

299-310 rally

Ansul Jain, head of Laxmi Investment and Securities Research, said that the share of Rail Tail is close to 299. Rallies in favor of 299–310 should be seen as opportunities to get out as the stock is on down trend with a possible target of 249. 10-, 20-, and 50-day movement averages are still negative. This rain strengthens perspective. This may increase sales pressure. Traders should be careful. These rallies should be used to exit long positions.

Q3 results

In the December quarter, the net profit of rail tail increased by 5 % to Rs 65 crore on a year basis. The income generated by the operation in Q3 for rail increased by 15 percent in the same quarter of the previous financial year compared to Rs 668 crore. The company’s expenditure in this quarter is Rs 690 crore. The total cost of Q2 is Rs. 755 crores. Rail Tail is a Navratna Company. ICT service provider. It is one of the largest neutral telecom infrastructure suppliers in the country, which operates a broad pan-India optic fiber network. This OFC network works in major cities and cities across the country. Rail Telling Optic Fiber Network has also expanded in many rural areas.

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