NLC India soars 20% in two-day post interim dividend announcement

The stock was up 6% to Rs 118, extending its Tuesday's 14% surge on BSE.

NLC India was up 6% to Rs 118, extending its Tuesday’s 14% surge on BSE, after the state-owned company announced that the board declared an interim dividend of 73.40% or Rs 7.34 per equity share for the financial year 2016-17. The stock will turn ex-dividend on Friday, March 24, 2017.

“The company has fixed March 28, 2017 as the record date for the purpose of ascertaining the members for entitlement of the interim dividend. The same will be paid to shareholders on or before 31.03.2017,” NLC India said in a BSE filing.

The stock quoting at its fresh