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Dividend paying stocks: Elara Securities expects an annual dividend payout of Rs 20-23 per share by Coal India, which implies a 7 per cent yield. This brokerage finds the stock worth Rs 453.
Within the confines of the available fiscal space, the government is channeling enough for capex which is almost 40% of the additional total outlay. This is being directed to roads, railways, and defence and it can have positive linkage effects with industries like steel, cement, capital goods etc, Way2Wealth said.
With todays drop, IRFCs m-cap has slipped to 2.10 lakh crore, which is still above the market cap of M&M and Bajaj Auto. On Friday, a 10% rally helped the stock cross the Rs 2 lakh crore m-cap mark, making it more valuable than 21 Nifty stocks.
BPCL has given a box pattern breakout on the daily timeframe, suggesting a spike in optimism. The stock has been sustaining above the critical moving average.
RITES stock gained 18.37% to Rs 657.85 against the previous close of Rs 553.65 on BSE. Market cap of the firm rose to Rs 15,739 crore.