Texmaco announced 19% dividend

Texmaco is a K K Birla Group engineering company, has announced 19% dividend for workmen for the year 2007-08, as against a 15% bonus last year 2006-07.

The dividend to the equity shareholders was raised to 75% for FY08 against 40% in the preceding fiscal. The company recorded 101% rise in net profit during the Q1 of the current fiscal at Rs22.82 crore, compared to the same period last year, on the back of its heavy engineering division.Sales grew up by 46% on a year-on-year basis to Rs 280.43 crore.

4 comments:

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KnowYourProfit said...

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Tomorrow i.e. 31st July'08 the day when the Inflation data will come.Inflation from the past successive weeks is keep on increasing,this has now become a major factor deciding the following days movement of Indian Stock Market.RBI and the government is taking steps to control it.Inflation has to be kept under control for the interest of the economy, Indian Stock Market is governed by lots of factors one including them is Inflation that has also to be kept in mind always

Sectors giving good return over period of time includes:

1.INFRASTRUCTURE
2.PHARMA

Have a Query ?

Feel free to contact us

Happy Trading

Regards

Team
KnowYourProfit
+91-9871142419

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