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Dividend paying stocks: Elara Securities expects an annual dividend payout of Rs 20-23 per share by Coal India, which implies a 7 per cent yield. This brokerage finds the stock worth Rs 453.
BPCL’s reported GRM was above Kotak's estimate, while its implied marketing margin was below its estimate. HPCL's Q3 missed Kotak's Ebitda estimate due to a lower-than-expected marketing margin.
PSU shares: SBI, BPCL, Bank of Baroda, ONGC, IOCL and Bharat Electronics have seen a decrease in positioning over the last few years. They can see resumption in buying interest, Elara said.
HPCL, which climbed 9.38 per cent in the previous session, tanked 4.49 per cent to hit a low of Rs 399. IOC, on the other hand, declined 3.78 per cent to hit a low of Rs 128.25. ....
Hero Moto, TVS Motor: TVS Emkay said every rupee reduction in prices of petrol/diesel would lead to 0.9 per cent reduction in the monthly running cost of four wheelers and two-wheelers.