Bongaigaon Refinery & Petrochemicals rose 9.01% to Rs 61.70 at 15:21 IST on BSE after the company today, 16 May 2008, announced a divided of Rs 5 per share or 50% for the year ended March 2008, giving an attractive dividend yield of 8.1%.
Dividend is tax free in the hands of shareholders
The stock hit a high of Rs 62.30 and a low of Rs 57.40 so far during the day. The stock had a 52-week high of Rs 116.80 on
The company’s current equity is Rs 199.82 crore. Face value per share is Rs 10.
The current price of Rs 61.70 discounts its Q3 December 2007 annualised EPS of Rs 17, by a PE multiple of 3.62.
The company posted 67.84% rise in net profit to Rs 30.38 crore on 53.89% rise in net sales to Rs 1839.90 crore in Q4 March 2008 over Q4 March 2007. The company announced the results during the market hours today
The operates a refinery with a petrochemical complex.
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