Ex-dividend status hits ICICI Bank, ONGC
DALAL STREET SPIKES
| ICICI Bank had declared a dividend of 75 per cent i.e. Rs 7.50 per share for financial year 2004. More than 1.4 lakh shares were traded at this counter on the BSE. |
| Similarly, ONGC stock ended 1.30 per cent lower to Rs 705.25. The company had declared a final dividend of Rs 10 per share for financial year 2004. More than 4.5 lakh shares changed hands at the ONGC counter in Thursday's trading. |
| Analysts, however, said the oil sector stock may bounce back with the international crude prices cooling off in the past few days. The company said that it was evaluating an offer to invest in exploration and development of oilfields in Venezuela, the world's No 5 oil exporter. |