CAUSE
BSE filing – 28th July 2011
EFFECT
Stock Performance starting same week (28th July).
Please note – Q1 FY12 results announced on the same day. And also the growth were already showing off in previous quarters and investors knew about it even before Q1 results.
One would think the dividend message is -ve and stock movement will be in reverse direction. On the contrary, the stock moved up stupendously from the same news event. This shows, how market can reward if the management is honest and forthcoming with actual position of the company.
Market is master!!
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