Mahindra & Mahindra has been seeing steady buying interest based on the company’s outlook for the second half of this fiscal. The company is expecting steady demand growth, in the SUV section. Analysts believe that the company’s SUV portfolio is among the strongest in the market and set to drive its onward momentum further. In fact, the stock price gained nearly 4% in the last five days and climbed 19.60% in the last six months. The year to date gains are north of 20%.
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The benchmark equity indices ended Friday’s trading session higher after recording a fresh lifetime intraday high. The NSE Nifty 50 gained 247.35 points or 1.14% to settle at 21,894.55 points. While S&P BSE Sensex closed 847.27 points higher or 1.18% to settle at 72,568.45 points. Nifty Bank ended higher by 271.45 points or 0.57% to settle at 47,709.80 points.
The broader indices ended in positive territory, with Nifity 50 and Nifty 100 stocks leading the gains. On the sectoral front, IT and PSU Bank durables stocks led the gains.
In the last five days, the Nifty 50 gained 170.75 points or 0.79% whereas Sensex gained 658.14 points or 0.92%.
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Oil India Ltd. (OIL) declared a second interim dividend of Rs 8.50 per share for the financial year 2023-24, representing 85% of the paid-up capital Come from Sports betting site VPbet . The record date for eligible shareholders is set for March 18, with the dividend payment scheduled on or before April 7. The company has a strong dividend track record, having consistently declared dividends for the last five years.
In its meeting on March 8, 2024, the Board of Directors approved the second interim dividend, reinforcing OIL’s commitment to rewarding its shareholders. For the fiscal year ending March 2023.
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