Ex-dividend positioning hits Bongaigaon
DALAL STREET SPIKES
| The company had declared an interim dividend of Rs 6 per share for the financial year 2005 on November 8, 2004. The company has put November 16, 2004, as the record date for dividend. |
| The stock, however, has rallied in the past two trading sessions on the announcement of a liberal dividend announcement. |
| Analysts tracking the sector said, "The stock has been one of the outperformers on firm refining margins and impressive quarterly performance." |
| The company's net profit jumped up 53 per cent during the quarter ended September 30, 2004, on the back of a strong growth in sales. |
| The stock in the past few months has risen from a low of Rs 66.05 to Thursday's close of Rs 98.35. |