Dividend announced for FY24 is the highest final dividend declared by the company since 2021. Over the past 12 months, the stock has surged by 58 per cent.

Furthermore, the company has diligently maintained a robust dividend payout ratio, consistently standing at an impressive 112 per cent. This consistent dividend policy is indicative of the company's unwavering dedication to creating value for its shareholders.

Its PE stands at a very attractive 6.10, while its ROCE is an impressive 34.5 per cent. But what really stands out is the stock's performance in the last three years, during which it has delivered a whopping 174 per cent returns. 

During high volatility periods, dividend-paying stocks can be a wise investment choice. While stock prices may fluctuate wildly during these times, dividend payments can provide a stable source of income.

Today, shares of the company saw a spurt in volume by more than 15.43 times on BSE.  

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.   

As a result of recent vigorous trading activity, dividend payout and an increase in the volume of more than 3.72 times on the BSE today, the company's stock price has risen dramatically today.

We will be talking about dividend champion stock, which has not only given regular dividends but also, offered multi-bagger gains in the last three years as it generated nearly 4x returns. What’s icing on the cake is that the stock is trading in single-digit PE!