Massive Breakout in dividend champion stock: Stock skyrockets 14 per cent; announces 450 per cent interim dividend!
Massive Breakout in dividend champion stock: Stock skyrockets 14 per cent; announces 450 per cent interim dividend!

Massive Breakout in dividend champion stock: Stock skyrockets 14 per cent; announces 450 per cent interim dividend!

The Profit After Tax (PAT) was Rs 76.8 crore vs Rs 44.9 crore a year ago, supported by improved margin through portfolio premiumisation, healthy mix and optimization of expenses.

Karan Dsij Article rating: 4.0

On Monday, the stock witnessed a multi-month breakout as it logged a fresh, nearly 12-month high. Furthermore, the stock has logged this breakout along with massive volume jump as volume recorded for the day was highest since mid-May 2019.   

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