Notably, foreign institutional investors (FIIs) have increased their stake in the company to a record-high 4.11 per cent as of Q3 FY24, the highest since March 2022.

Stock has risen by an impressive 51.08 per cent. With an attractive dividend yield of 1.83 per cent, it continues to be an appealing option

With a market share exceeding 80 per cent, company declared a 152 per cent dividend.

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.   

On a consolidated basis, the Company delivered 16.3 per cent sales growth versus prior year, and a 3.5 per cent sales growth on a sequential basis.

The Muhurat Trading Session is going to be a terrific one along with this there is one more piece of good news, especially for the dividend investors as well as a host of stocks have announced a whopping dividend of as high as 1800 per cent and these companies belong to consumer food and household & personal products.

This stock demands special attention as the company may surprise investors with a hefty dividend announcement at its board of directors’ meeting, which is scheduled on October 20, 2022. 

There is an interesting observation that in the year 2021, the company declared a whopping 900 per cent dividend i.e. Rs 90. Earlier as well, the company had a history of declaring solid interim dividends.