27/05/2021 12:48:53 PM | Source: Angel Broking Ltd
BPCL announced a dividend of ₹58 per share after the announcement of Q4FY21 results By Mr. Yash Gupta, Angel Broking Ltd
Below are Quote on BPCL announced a dividend of ₹58 per share after the announcement of Q4FY21 results by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
BPCL announced the dividend of ₹58 which is 12.1% yield on its current market price of ₹478, company has announced this dividend on back sold results for Q4FY21 in which company reported profit after tax of ₹11,940 crores as compared to the loss of 1847 in Q4FY20.
This profit after tax includes one off component also as the company has sold 61.5% stake in Numaligarh Refinery for ₹9876 Crores which is one time event. So this type of dividend yield can be maintained by the company and we expect this dividend yield of 12.1% to fall significantly in coming quarters. We suggest retail investors not to buy BPCL on expectation of getting this dividend of ₹58 as after the ex date of dividend the current market price of the share will fall by the almost same amount.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Tripura developed 25,000 ha organic land; 1,300 MT p...
MSTC launches e-marketplace with new corporate offic...
Adani Enterprises Ltd`s Rs 1,000 crore NCD issue ful...
Insurance Sector Update: A better quarter by Kotak I...
Q1FY26 Earnings Preview - FMCG & Retail by Axis Secu...
Over 1.15 crore public grievances redressed between ...
IPO Note : GLEN Industries Ltd by Choice Broking Ltd
India offers domestic circular battery economy worth...
Chemicals Sector Update : Mixed results amid continu...
Real Estate Sector Update : Starting on a strong not...
