Maharatna Government Oil Company Gail (India) has recently announced dividend. The company said that the investors will give interim dividend. However, the dividend of the stock will only get the company’s stock till the record date. The company’s stocks are trading with a decline after the bonus share announcement. Recently, the stock has touched a 52-wheel-lo.
In Wednesday’s trading session, the company shares are on green mark. The stocks were trading at Rs 167.00 per share with a slight gain of 0.97 per cent at 11.40 pm. The company’s shares reached Rs 163.35 on Monday. This is the lower level of 52-week. At the same time, in the last session, the stocks closed at Rs 166.10 per share.
Look at the quarterly result (Gail Q3 Results Preview)
The company stated that the meeting of the Board of Direct was scheduled on 30 January 2025. On this day, the company will announce the results of the quarter ended in December. Apart from this, the company will present the interim dividend proposal for FY 2024-25 at the board meeting on 30 January 2025. If the Board of Directors approve the dividend, the shareholders will get dividends.
Before giving information about dividend, the company has informed the record date. The company has set a record date on 30 January 2025 for the interim dividend.
When-Gail Interim Dividend History
In February 2024, the company also paid a dividend of Rs 5.50 per share. Since September 2001, the company has given a total of 47 dividends a total of 47 times.
The company has also issued a bonus issue to the shareholders with dividend. The first time Gail shares were traded on the ex-bones on 6 October 2008. The company had currently shared a bonus of 1: 2 ratio to shareholders. The company last gave a bonus issue of 1: 2 ratio in September 2022.
Should we buy shares? (Should You Buy Gail Stock?)
According to trendlyne data, 32 analysts advised to buy stock. Market experts have expected 15 per cent growth in FY 2025. However, Kotak has advised to sell the stock. The firm has reduced the target price to Rs 150. At the same time, the brokerage firm JM Financial gave the target price of Rs 235 per share and boy the stock rating.
Disclaimer: This information is only for information purposes and should not be understood as investment advice. It is recommended to consult a financial advisor before making investment decisions.