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    Hindustan Copper climbs over 3% as shareholders approve 23.2% dividend for FY22

    Synopsis

    The date of payment of the dividend, equivalent to 23.20 per cent on the company’s paid-up capital, is October 26

    Hindustan Copper climbs 4%
    At 10.39 am, the scrip was trading 2.95 per cent higher at Rs 103.60 over its previous day’s close of Rs 100.65 apiece.
    Shares of state-owned metal mining company Hindustan Copper surged over 3 and a half per cent in Thursday’s trade after it approved a 23.2 per cent dividend for the financial year ended March 2022.

    At its 55th annual general meeting (AGM) held yesterday, the shareholders had approved the payment of dividend as recommended by the board of directors, the company has stated in an exchange filing. The date of payment of the dividend, equivalent to 23.20 per cent on the company’s paid-up capital, is October 26.

    Hindustan Copper’s board of directors, in a meeting held on May 28, had recommended payment of dividend for FY22, at Rs 1.16 per share of the face value of Rs 5 each, for shareholders’ approval in the AGM.

    At 10.39 am, the scrip was trading 2.95 per cent higher at Rs 103.60 over its previous day’s close of Rs 100.65 apiece. The stock has fallen nearly 13 per cent last month and declined about 19 per cent year-to-date.

    For the quarter ended June 30, the company had reported consolidated net sales of Rs 348.39 crore, up 30.19 per cent from Rs 267.60 crore reported in the year-ago period.

    The company reported a net profit of Rs 57.08 crore in the latest quarter.

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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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