This is the second consecutive year in which the company declared an interim dividend

Most of us are familiar with the names of world-famous investors like Warren Buffet and Charlie Munger and if value investing style excites you, then surely you must have come across the word ‘Intrinsic Value.’

A 100-bagger is simply a stock that jumps from Re 1 to Rs 100. These are rare gems and many well-known investors have turned wealthy because some of the stocks in their portfolios have become a 100-bagger.

On Tuesday, Dwarikesh Sugar Industries Ltd announced its audited financial results for the quarter and fiscal year ended March 31, 2021. The CMP of the stock is Rs 123.50. The stock appreciated by 65.77 per cent in the last six months whereas in the past one year, it has given a staggering return of 146.51 per cent.  The company declared the highest-ever dividend interim dividend at 200 per cent.

The shares of Texmaco Rail and Engineering Ltd surged to almost 4 per cent on Thursday. The shares off Sugar, Power and Cement companies are on the rise in the afternoon session of the bourses.  

On Tuesday, the equity markets saw a highly volatile session and the benchmark indices ended lower with Nifty settling below 17,000 mark.

On Tuesday, the Indian equity markets extended Monday’s winning streak, despite a relatively volatile session.

The core equity indices ended in red with Nifty below 16500 in the highly volatile market on Thursday dragged by the auto and financial names. Sensex dropped 0.66 per cent closing at 55,102.68 level and Nifty closed 0.65 per cent lower at the 16,498 level.