Designed To Triumph

The company declared a dividend of 22 per cent in 1995-96, which translates to a 16.42 per cent return at the current market price. If the company indeed manages to declare a dividend of 25 per cent for 1996-97 as budgeted, it would imply a return of 18.67 per cent. Compound this with a possibility of capital appreciation
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First Published: Oct 07 1996 | 12:00 AM IST

