Kakatiya Cement spurts as company mulls dividend
The stock has rallied 25 per cent in the past four trading sessions after the company informed the bourses that its board may consider a final dividend.
By ET Online |
NEW DELHI: Kakatiya Cement extended its recent rally in trade on Tuesday to end 4.68 per cent higher.
The stock has rallied 25 per cent in the past four trading sessions after the company informed the bourses that its board may consider a final dividend at its May 25th meeting.
The announcement of dividend may come at the time of declaration of Q4 results.
Reacting to the news, the scrip gained 5 per cent to hit its fresh 52-week high of Rs 534.10 on the BSE. The stock has gained 253 per cent in the year so far.
The stock has rallied 25 per cent in the past four trading sessions after the company informed the bourses that its board may consider a final dividend at its May 25th meeting.
The announcement of dividend may come at the time of declaration of Q4 results.
Reacting to the news, the scrip gained 5 per cent to hit its fresh 52-week high of Rs 534.10 on the BSE. The stock has gained 253 per cent in the year so far.
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