Shares in Piramal Enterprises Ltd surged 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 per cent 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.
Dealers call the dividend hefty, given it would amount to 9.5 per cent 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.