With reference to the earlier annoucement dated May 20, 2009 regarding Board to consider Dividend, Britannia Industries Ltd has now informed BSE that the Board of Directors at their meeting scheduled to be held on May 27, 2009, inter alia, would consider declaration and payment of interim dividend on the paid up Equity Share Capital of the Company for the year ended March 31, 2009.
400% dividend plus probability of some bonus debentures (much better than the returns of the last financial year) may be good enough to take the market price of the stock in the short term to your target price, however please take your own decision.
In present volatile market it is very difficult to say on the level of surge of the stock, at 2000 level there will be lot of profit taking, under the circumstances 2.5-3k level can be very difficult even in mid term period, holding the present level is not a mean feat, surging to 2k at any time can be possible, however please take your own decision.
indian marker is VERY DANGER FOR DMOESTIC INVESTOR ,US makret below 10k ,Japan below 10k ,HANGSANG WAS 31k to now half 17k INDIAN MARKET IS UP it is like Satyam scam IT IS very Danger ,people aware
Why take the pains of knowing the complex theory and practice that is not going to help any way, every market has its typical characteristic like every person`s unique features / nature / likes and dislikes, make hay when the sun shines, to some extent what you say is very true, but that should be guiding to us and not discouraging. Thanks.
| NIFTY 
