Stocks of Neyveli Lignite Corporation India Limited (NLC India) rallied nearly 15%, since its board approved interim dividend of Rs 7.34 a share, for the current financial year, ending on March 31, 2017. NLC India stock on the NSE hit a intraday high and low of Rs 111.50 and Rs 102.15 per share, respectively. NLC India has delivered returns of over 61% in a period of one year, outperforming the BSE Mid-cap and BSE Power indices over the same time period.
NLC India is engaged in the power business. The company’s segments include power generation and lignite mining. It is currently operating 4 lignite mines, including over 3 lignite mines at Neyveli, Tamil Nadu and 1 lignite mine at Barsingsar in Rajasthan with a total capacity of over 30.60 MT per annum. NLC India’S stock is currently trading at Rs 110, up by Rs 12.95 or 13.34% from its previous closing of Rs 97.05 on the BSE.
In another development, Themis Medicare rose 1.01% to Rs 593.70 today afternoon on BSE after the company announced its board will meet on 28 March 2017 to discuss business operations of the company. On the BSE, 7,127 shares were traded in the counter so far. The stock had hit a high of Rs 598 and a low of Rs 583.20 during the day. Themis Medicare stock had under performed the market over the past one month till 20 March 2017, rising 1.16% compared with 3.69% rise in the Sensex. The small-cap company has equity capital of Rs 9.04 crore with a Face value per share is Rs 10.