BAFL holders are very happy today after a Rs. 2 dividend payout. This is the third consecutive year that BAFL has paid a dividend. We have concluded that the capital strength of BAFL will allow it to pay dividends for the next two years at a minimum and they might even issue bonus shares in the future. At the current price of 26.75 we believe exposure in this stock needs to increase. BAFL is green between 26.55-26.95 Short term investors: sell at 28.50 Long term investors: HOLD.
Posted on: Thu, 20 Mar 2014 08:43:32 +0000
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