Swaraj Eng dividend energises!
By
Research Desk
about 11 years ago
Swaraj Engines is doing well today, opening higher at Rs.450.90 and going on to the day’s high point at Rs.467.90 and it currently remains almost 2.5% up at Rs.456. Market cap stands at Rs.566 crore.
The stock is doing well today after the company declared a robust performance for Q4 and FY13. But more importantly, the market is thrilled with the Rs.33 per share dividend declared on the Rs.10 face value stock. The generous dividend payout, apart from the good performance is also thanks to the cash of Rs.80 crore on the books of the company as at 31st March 2013.