IIMA_Brat

BALMLAWRIE - 4.5% Dividened play!

Long
NSE:BALMLAWRIE   BALMER LAWRIE
They have declared a Dividend of 6 Rupee per share, which translates to 4.54% (Most probably record date by Sept 26th).
It's not bad as a 1 year FD . (With very probable up side in price... buying at value)

It is corrected a lot after last week's Mid-cap & Small-cap bloodbath.

Hence, I find it safe for short- mid term view.

~Disclosure: Invested. (Invest as per your views)

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Rest stocks performance:
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- Pondy Oxide: 8.6% Up
- Gabriel: 7.8% Up
- ITL: 6% Up
- QuickHeal: 5.27% Up
- Spencer: 2.16% Up

~~~~~Enjoy the treat~~~~~~~ :)

Comments

strong fundamental 👍... took position.. looks good for a target of 184-203, and beyond.... any views on Tata Motors, in your spare time... tq
+1 Reply
IIMA_Brat manilkumar73
@manilkumar73, Yes. I prefer only strong fundamental companies! :D

Sure, I will post the technical chart of Tata Motor. :)
Reply