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NLC India shares drop 2% amid positive financials
NLC India's shares slipped by 2.05% to ₹239 on Tuesday, hinting at a shift in investor sentiment.
But here's the twist: even with this drop, the company's financials have actually been looking up over the past year.
Interim dividend of ₹1.50 per share announced
NLC India saw its yearly revenue jump to ₹15,283 crore and net profit rise to ₹2,713 crore—both solid increases from last year.
For just the latest quarter, they pulled in ₹3,836 crore in revenue.
Looking ahead, their Board is meeting on August 7 to talk strategy, and they've already announced an interim dividend of ₹1.50 per share for shareholders earlier this year—showing they're still focused on rewarding investors despite recent market jitters.