Stock Trading News :- Rain
and hailstorms have hit parts of northern and eastern India since last Friday,
which have flattened wheat, mustard and coriander crops in states like Punjab,
Uttar Pradesh and Haryana. BP Yadav, director of India Meteorological
Department (IMD) said that while crops have been affected, full damage cannot
be quantified as of now. Rains are expected to halt for two to three days in
the states of Punjab and Haryana, but will resume post March 17th, Yadav said
adding that there are worries on the eastern side of the country.
Shares of Coal India fell more than 8 percent after the stock adjusted for interim dividend. State-run coal mining company said board of directors, on March 5, approved payment of interim dividend for the financial year 2015-16 at Rs 27.40 per share on face value of Rs 10. Date of payment of interim dividend is on and from March 21, it added. The company has fixed March 15 as record date for payment of interim dividend. In FY15 and FY14, it paid dividend of Rs 20.7 per share and Rs 29 apiece, respectively. Meanwhile, "Coal India is likely to announce a 5 percent equity buyback in the new fiscal, helping the Centre raise up to Rs 10,700 crore, or about 19 percent of its disinvestment target," said a media report quoting unnamed sources.
Shares of Coal India fell more than 8 percent after the stock adjusted for interim dividend. State-run coal mining company said board of directors, on March 5, approved payment of interim dividend for the financial year 2015-16 at Rs 27.40 per share on face value of Rs 10. Date of payment of interim dividend is on and from March 21, it added. The company has fixed March 15 as record date for payment of interim dividend. In FY15 and FY14, it paid dividend of Rs 20.7 per share and Rs 29 apiece, respectively. Meanwhile, "Coal India is likely to announce a 5 percent equity buyback in the new fiscal, helping the Centre raise up to Rs 10,700 crore, or about 19 percent of its disinvestment target," said a media report quoting unnamed sources.
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