A high PE ratio indicates that market participants expect high levels of earnings and growth in the future. Shares are rising faster than earnings in anticipation of improved earnings.

The company declared two interim dividends of 300 per cent each. In the following year, it rewarded shareholders with a stellar dividend of 507 per cent i.e., Rs 50.70. Isn’t it amazing?!   

Volatility is an indicator of risk. In general, the higher the volatility, the riskier the portfolio or the stock is. The volatility of a security or portfolio relative to its benchmark is called beta.   

At market close on Friday, the markets ended the session on a flat note, owing to mixed global cues.  

At the day’s end, Sensex settled at 58,803.33, up by 36.74 points or 0.06 per cent whereas Nifty 50 closed at 17,539.45, down by 3.35 points or 0.02 per cent.  

Earlier this month, the company announced that it has laid the foundation stone for setting up an oil palm mill in Arunachal Pradesh. The foundation stone was laid by Shradhye Acharya and Arunachal Agriculture Minister - Tage Taki.

A mixed day on D-Street closed with the frontline index the Sensex closing at 58,803 up by 0.1 per cent or 37 points, while the Nifty index closed flat at 17,539.45. In the broader market, capital goods stocks gained strength with S&P BSE Capital Goods up by 1.1 per cent or 368 points at 32,818.08. 

Elgi Equipments, V-Guard Industries and Timken India witnessed positive action in today’s session.  

S&P BSE Sensex closed in the green territory, up by 36 points at a level of 58,803.33.

Indices closed on a mixed note as Nifty slipped 3 points whereas Sensex gained 36 points. Profit booking was seen in Nifty Midcap and Nifty Smallcap as they plunged 0.36 per cent & 0.17 per cent, respectively.

On September 2, the stock has surged almost 10 per cent

Excerpts from an interview with Sandeep Bagla, CEO, TRUST Mutual Fund