Dividend Stock: Refiner falls over 6% despite announcing highest payout in two years
Shares of Chennai Petroleum Corporation Ltd declined over 6% in trade on Friday, even as the company announced its highest dividend payout in two years alongside its March quarter earnings. As of 02:12 PM, the stock was trading at ₹1,008 on the NSE, down ₹61.30, after hitting an intraday low of ₹995. The board recommended…
