Business
Right Issue Upcoming :
Dividend : 15% FY 2024
Last time when the share price was up around 130-140 management announced the Right issue
Then the stock fell immediately
Later they announced bonus.
Then the stock corrected back to 58 odd levels
We could see huge spike in volume yesterday… the management again has guided for Right issue to not further dilute the equity to raise money…
I think if the results are good with lower expense then we could see chances of revival