Read more about Cement shares in demand; UltraTech, Ambuja, Ramco Cement hit new highs on Business Standard. Following around 10 per cent YoY growth in volumes in Q3FY21, Motilal Oswal Securities expects the sector s volumes to grow around 20 per cent YoY in Q4FY21
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BPCL To Reward Shareholders Post Numaligarh Refinery Sale
Mar 02 2021, 5:24 PM
March 02 2021, 12:18 PM
March 02 2021, 5:24 PM
Bharat Petroleum Corp. will pay a dividend to its shareholders after the sale of its entire stake in Assam-based Numaligarh Refinery Ltd. is completed.âWe will hold an extraordinary general [meet] on March 25, and the process [stake sale] will be completed by March 31,â N Vijayagopal, director-finance, at the state-owned oil marketer, told BloombergQuint over the phone. The companyâs board, he said, will meet to discuss the dividend .
Bharat Petroleum Corp. will pay a dividend to its shareholders after the sale of its entire stake in Assam-based Numaligarh Refinery Ltd. is completed.
Nestle India s recently launched strategy of product innovation and deeper penetration in the rural areas bodes well for the stock of the firm, according to analysts, who see an up to 17 per cent upside for it from current levels. The shares of the FMCG major have underperformed the market with a 12 per cent decline on a year-to-date (YTD) basis. During this period, the Nifty has jumped 3 per cent while the Nifty FMCG index has dipped 5 per cent, as per ACE Equity data. Going ahead, however, the fortunes are expected to look up as Nestle, at its analyst meet, unveiled a strategy to aggressively pursue expansion in the rural areas, increase capacity and focus on new product launches.