Shares of Page Industries Ltd turned ex-dividend today. The franchise owner of innerwear brand Jockey, had announced an interim dividend of Rs 100 per share.
There is sunshine all around, better than expected GDP numbers, further decline in oil prices, falling US bond yields and clear indication from RBI that it is in no mood to increase interest rates any further. So while macros are bullish and could not get better, it is time to spend some time in understanding what stocks are you buying and why that stock at this point of time only. Also if one is thinking about increasing the exposure it would be better to stay with large caps as they would be able to weather any storm which might emerge due to any reason.
Page Industries: The Bengaluru-based company, which also operates in countries such as Sri Lanka and the United Arab Emirates, said its profit fell to 1.5 billion rupees ($18.02 million) for the quarter ended Sept. 30, from 1.62 billion rupees a year earlier.
Most expensive stocks in India: The BSE and NSE have over 7,400 stocks listed. Most shares in the Indian stock market trade for less than Rs 1,000 per share. However, some stocks like MRF, Page Industries, Shree Cement are priced up to Rs 85,000. Watch this Business Today Visual Story to know all about the most expensive stocks in India.