Piramal surges after announcing dividend

Tags: Companies
Shares in Piramal Enterprises Ltd surge after the contractor for drug research and manufacturing services on Monday announced a dividend of Rs 52.50 per share when reporting January-March results.

Dealers call the dividend hefty, given it would amount to 9.5 percent of Piramal's Monday closing price of Rs 554.10, and would be above the average yields offered in most deposit or fixed income products.

Piramal Enterprises stock was trading up 5.4 percent as of 11:49 a.m.

EDITORIAL OF THE DAY

  • Annual reports make sense only if accountable governance is in place

    It’s a sign of a lack of imagination to expect an annual report by a party in power to pull out some impressive performance given the complex nature

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Political rhetoric makes for counter poetry

Poetic flourishes flavour politics. Ghalib and Hafez flowed profusely to ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture