Dividend Revised Adani Stocks 2023: Record Date for Dividend Correction- The article discusses the rectification made by Adani Total Gas regarding its record date for dividend, correcting a typographical error that occurred in the initial announcement. It provides details about the recommended dividend by Adani Total Gas and mentions that it is subject to approval by the company's shareholders.
The current market price of Adani Total Gas shares
The current market price of Adani Total Gas shares, its 52-week high and low prices, as well as the stock's performance over the last few years. It mentions the financial performance of the company for the quarter ended March 31, 2023, including its total income and net profit after tax.
The article concludes by emphasizing that the information provided is for informational purposes only and advises readers to seek professional advice before making any investment decisions.
Adani Group Stock: Rectification in Record Date for Dividend
Adani Total Gas, a subsidiary of Adani Group, has made a correction in its record date for dividend, changing it to July 7, 2023, instead of July 7, 2022. The last trading price of Adani Total Gas shares on the Bombay Stock Exchange (BSE) stands at Rs 650.10 per share, reflecting a marginal intraday gain of 0.09%.
Currently, the stock is trading at a price of Rs 649.20 per share on the BSE, positioning itself 4.62% away from its 52-week low of Rs 620.15 per share. Below are the details:
Adani Total Gas Rectifies Record Date for Dividend
According to the BSE filing made by Adani Total Gas, an inadvertent typographical error occurred in mentioning the 'Record Date' for the purpose of Dividend.
The company's statement clarifies, "With reference to the subject mentioned above and in continuation to our intimation dated June 26, 2023, we wish to inform that an inadvertent typographical error has occurred in mentioning the 'Record Date' for the purpose of Dividend.
Kindly read the correct date as Friday, July 7, 2023, instead of July 7, 2022."
Dividend Recommendation by Adani Total Gas
As per the regulatory filing of Adani Total Gas, the company's board has recommended a dividend of Re. 0.25/- per Equity Share of face value of Re. 1/- each, fully paid up, for the Financial Year 2022-23.
The dividend is subject to the approval of the company's shareholders. The filing further states that the company will inform the date on which it will hold the Annual General Meeting (AGM) for the year ended March 31, 2023, as well as the date from which the dividend will be paid or the warrants thereof will be dispatched to the shareholders.
The company initially fixed an incorrect record date of July 7, 2022, for the dividend on June 26, 2023. However, this error was rectified on July 5, 2023.
Adani Total Gas Stock Outlook & Return
As of 1:14 pm, the current market price of Adani Total Gas shares is Rs 649.20 per share. The stock's 52-week high price is Rs 3998.35 per share, while its 52-week low price is Rs 620.15 per share.
With a market capitalization of Rs 71,333.68 crore, Adani Total Gas shares have witnessed a significant decline of 82% in the last six months, a 74% fall in the last year, and a further decrease of 29% in the past two years.
However, over the last three years, the stock has offered a remarkable return of 304%.
Adani Total Gas Financial Performance
For the quarter ended March 31, 2023, Adani Total Gas declared its consolidated total income as Rs 1124.27 crore, showing a growth of 0.94% compared to the total income of Rs 1113.75 crore in the previous quarter.
The net profit after tax for the latest quarter was announced as Rs 103.88 crore.
About Adani Total Gas
Adani Total Gas is focused on developing City Gas Distribution (CGD) Networks to supply Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) to the Industrial, Commercial, and Domestic (residential) sectors, as well as the transport sector, as stated on its official website.
Disclaimer
It is important to note that the information provided regarding Adani Total Gas and its stock highlights the dividend and is not a recommendation to buy, sell, or hold shares. No fundamental or technical analysis has been conducted, and the author, as well as Greynium Information Technologies, cannot be held liable for any losses. It is advisable to consult a professional advisor before making any investment decisions.
Conclusion
Adani Total Gas has rectified the record date for its dividend, correcting the typographical error that initially stated July 7, 2022, instead of the correct date, which is July 7, 2023. Investors should take note of this correction and stay informed about the company's upcoming Annual General Meeting (AGM) and the dates associated with dividend payment.
The stock's performance has experienced significant fluctuations in recent months and years, highlighting the need for careful consideration and consultation with experts before making any investment choices.
Please note that the information provided here is based on the available data at the time of writing and it is advisable to refer to the latest updates and consult professionals for accurate and up-to-date information.
FAQ - Adani Total Gas Rectification and Stock Performance
1. What was the rectification made by Adani Total Gas regarding its record date for dividend?
A- Adani Total Gas rectified a typographical error in the initial announcement of its record date for dividend. The correct date is July 7, 2023, instead of the previously stated July 7, 2022.2. Has the recommended dividend been approved?
A: The recommended dividend of Re. 0.25/- per Equity Share of face value of Re. 1/- each fully paid up for the Financial Year 2022-23 is subject to approval by the company's shareholders.3. What is the current market price of Adani Total Gas shares?
A- As of the mentioned date and time, the current market price of Adani Total Gas shares is Rs 649.20 per share on the Bombay Stock Exchange (BSE).4. What is the stock performance of Adani Total Gas?
A- Adani Total Gas shares have witnessed significant fluctuations in their performance. Over the last six months, the stock experienced a decline of 82%, followed by a 74% fall in the last year and a further decrease of 29% in the past two years. However, over the last three years, the stock offered a remarkable return of 304%.5. What is the financial performance of Adani Total Gas for the latest quarter?
A- For the quarter ended March 31, 2023, Adani Total Gas declared its consolidated total income as Rs 1124.27 crore, showing a growth of 0.94% compared to the previous quarter. The net profit after tax for the same quarter was announced as Rs 103.88 crore.https://bit.ly/3CXI81P
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