They have declared a Dividend of 6 Rupee per share, which translates to 4.54% (Most probably record date by Sept 26th).
It's not bad as a 1 year FD. (With very probable up side in price... buying at value)
It is corrected a lot after last week's Mid-cap & Small-cap bloodbath.
Hence, I find it safe for short- mid term view.
~Disclosure: Invested. (Invest as per your views)
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Rest stocks performance:
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- Pondy Oxide: 8.6% Up
- Gabriel: 7.8% Up
- ITL: 6% Up
- QuickHeal: 5.27% Up
- Spencer: 2.16% Up
~~~~~Enjoy the treat~~~~~~~ :)