From its close of Rs.1075.35, the stock opened at Rs.1085.25 and went on to hit a new 52-week high at Rs.1100.45 but is now in the red at Rs.1059 levels, down over 1.5%.

Investors do prefer high dividend paying stocks, not just in America but in India too. The situation is a lot similar in India too. There are scores of companies today which are sitting on huge piles of cash. With no major capex on the anvil and scouting around for good mergers

Apple was indeed the apple of everyone's eye post its recent earnings. But more than the earnings, it was the huge pile of cash that it is sitting on popped out all eye balls. Apple has nearly $100 billion in cash or $97.6 billion to be precise. And we wonder what will Apple do with all this cash as it neither pays