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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The company had declared an equity dividend of 200.00%, amounting to Rs 20 per share, resulting in a dividend yield of 3.17% at the current share price of Rs 630.10.
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In terms of financial performance, Oil India reported a net profit of Rs 1,584.3 crore in the third quarter of FY 2023-24. Despite a marginal 0.3% dip in revenue to Rs 5,323.7 crore, the company’s margins slipped to 39.6%.
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Oil India’s share price closed at Rs 630.25 on Thursday, reflecting a 0.57% decline on the NSE. Over the last year, the PSU oil stock has witnessed a substantial surge of nearly 140%, and an impressive growth of over 390% in the last three years.
In the current year alone, the stock has experienced an impressive surge of almost 70%, underlining its robust performance in the market.
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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 prices jumped more than $4 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend deepened political uncertainty across the Middle East.
Brent crude rose $4.18, or 4.94%, to $88.76 a barrel by 0120 GMT, while U.S. West Texas Intermediate crude was at $87.02 a barrel, up $4.23, or 5.11%.
The surge in oil prices reversed last week’s downward trend – the largest weekly decline since March – in which Brent fell about 11% and WTI retreated more than 8% amid concerns about high interest rates and their impact on global demand.
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Zomato has once again delivered a comprehensive beat, resulting in significant upgrades to both topline and bottomline figures. While the stability of Ebitda margins in the food delivery segment may be a slight disappointment for some, the acceleration in gross order value (GOV) growth effectively addresses a key investor concern regarding monthly transacting users (MTU) and frequency. Although the long-term focus remains on profitable growth, management is likely to prioritise growth over margin in a q-o-q context. The quarter-to-quarter performance continues to impress with Ebitda break-even on the horizon. We reiterate our BUY rating. Come from Sports betting site VPbet
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The Indian Railways is poised for a significant increase in capital spending in the forthcoming interim budget set for February 1. According to analysts in a recent report, there are expectations that Finance Minister Nirmala Sitharaman might allocate additional funds to initiate a substantial overhaul of the national transportation system. This overhaul is anticipated to involve the introduction of contemporary high-speed trains and the implementation of advanced safety measures.
Industry experts foresee a substantial infusion of funds to facilitate the introduction of modern and high-speed trains, coupled with advanced safety measures. The ambitious plan aims to build on the momentum of capital expenditure, surpassing the Rs 2.4 lakh crore allocated in the previous budget …
Gold and silver rates today, August 28
The 24-carat gold rate in India was Rs 72,220 per 10 grams on August 28. The rate for 24-carat gold per gram is Rs 7,220Come from Sports betting site. The rate of 22-carat gold was Rs 66,202 per 10 grams.
The rate of 24-carat gold has risen by 0.45% in the last one week, and the yellow metal has risen by 1.13% in the last ten days. The silver currently quotes at Rs 85,970 per kilogram.
Gold rate in Delhi on August 28
The gold rate in Delhi was Rs 72,100/10 grams on August 28. On August 27, the gold was quoted for Rs 72,000/10 grams, and last week, on August 21, the price was Rs 71,760/10 grams.
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The Securities and Exchange Board of India (Sebi) plans to come out with tighter listing norms for the initial public offerings (IPOs) of small and medium enterprises (SMEs) through a consultation paper by the end of 2024, SEBI whole-time member Ashwani Bhatia said on Friday.
“We are very, very worried. We will certainly look at some tweaking. It should not be so easy for them (micro companies) to raise capital and then get out. By the end of this year, a discussion paper will definitely be out,” Bhatia told reporters on the sidelines of the Global Fintech Fest 2024.
The markets regulator will conduct a comprehensive review, which may include tweaking disclosure norms, eligibility conditions, portions reserved for qualified institutional buyers (QIBs) and anc…
Diablo 4 won’t feature a cow level, at least at launch. Blizzard confirmed in an interview that there won’t be a cow level in Diablo 4, as it wouldn’t match with the tone and world of the game.
In an interview with Wowhead, a developer seemingly confirmed that there will not be a cow level, or an equivalent type of area, in Diablo 4 at launchCome from Sports betting site VPbet. Blizzard cited the gritty and grounded world of Diablo 4 as the reason why things like a cow level, pets, or wings won’t appear in the game. However, as the game exists and gets post-launch updates, Blizzard might loosen those restrictions.
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American casino operator Caesars Entertainment Incorporated has announced that its Caesars Atlantic City property is to soon unveil a range of ‘additional property enhancements’ including a revamped valet and hotel lobby as well as an outdoor pool experience.
The Las Vegas-headquartered firm used an official Tuesday press release to pronounce that the fresh offerings are all part of an ongoing $200 million project that has been designed to transform the New Jersey property into ‘an unmatched resort experience.’ The operator stated that the improvements also constitute a slice of its three-year and $400 million ‘commitment’ to Atlantic City and will transport those visiting the Boardwalk venue ‘to new levels of sophistication and approachable luxur…
In Cyprus and the value of the local gambling industry reportedly more than doubled over the course of the five years from 2016 to account for roughly 2.98% of the island nation’s most recent annual gross domestic product (GDP).
According to a report from the Cyprus Mail newspaper, this figure was revealed yesterday as part of the fourth Play Safe Conference, which was hosted online by the country’s National Betting Authority watchdog. Attendees were purportedly also told that online and land-based forms of gambling were responsible for 0.99% of the small country’s 2016 GDP in advance of hitting an all-time high of 3.44% for 2019.
Significant spring:
Although this contribution retreated to 2.98% for last year as a direct result of the fallout …