{"id":4484,"date":"2024-10-18T11:29:11","date_gmt":"2024-10-18T05:59:11","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4484"},"modified":"2024-10-18T11:29:12","modified_gmt":"2024-10-18T05:59:12","slug":"mazagon-dock-shares-surge-5-as-board-to-consider-stock-split-and-dividend-on-october-22","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/mazagon-dock-shares-surge-5-as-board-to-consider-stock-split-and-dividend-on-october-22\/","title":{"rendered":"Mazagon Dock Shares Surge 5% as Board to Consider Stock Split and Dividend on October 22"},"content":{"rendered":"\n

Shares of Mazagon Dock Shipbuilders jumped over 5% on October 18 after the company announced plans to discuss a stock split and interim dividend at its board meeting scheduled for October 22. The state-run defense firm’s stock surged to a day’s high of \u20b94,460 on the NSE, and was trading at \u20b94,430, up 4.54%, by mid-morning.<\/p>\n\n\n\n

In an exchange filing, the company stated that the board would consider a potential interim dividend for the financial year 2024-25 and the sub-division of its equity shares, marking the first stock split in the company’s history. The current face value of each share is \u20b910. The record date for the interim dividend, if declared, has been set for October 30, 2024.<\/p>\n\n\n\n

Government of India holds an 84.83% stake in Mazagon Dock as of September quarter of 2024. The company, which designs and builds warships and submarines for the Ministry of Defence, had raised \u20b9443 crore through its public issue that opened on September 29 and October 1, 2020 with shares listing for the first time at \u20b9216.25.<\/p>\n\n\n\n

Mazagon Dock has reported a sharp 121% yoy increase in consolidated net profit to \u20b9696 crore in the June quarter of 2024, mainly on account of higher income. The total income of the company surged nearly 10% to \u20b9 2,628 crore and revenue from operations came in at \u20b9 2,357 crore in the June quarter of 2024.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Mazagon Dock Shipbuilders jumped over 5% on October 18 after the company announced plans to discuss a stock split and interim dividend at its board meeting scheduled for October 22. The state-run defense firm’s stock surged to a day’s high of \u20b94,460 on the NSE, and was trading at \u20b94,430, up 4.54%, by […]<\/p>\n","protected":false},"author":1,"featured_media":4485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[527],"class_list":["post-4484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-mazagon-dock-stock-split"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4484"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4484\/revisions"}],"predecessor-version":[{"id":4486,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4484\/revisions\/4486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4485"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}