Dividend payout was more than 200% for last FY which was exceptional one and we can expect only regular dividend payout of 60% or less. So I expect dividend may be less than 2% at CMP of 3170 if EPS is 60 for this FY on conservative basis. Stock price fell down a lot from top and looks reasonably valued now however still current PE 50 is more than median PE which is 45.
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