The stock of Tide Water Oil (India) will remain in focus as its board of directors meet on Monday to consider the first interim dividend for 2014-15. The board will also take on record the unaudited results for the quarter and half-year ended September 30. The payouts have been expanding year-after-year. In August, it paid a dividend of ₹200 a share (for the previous year), a marked improvement over the ₹2.50 it had announced in 2005.

Capex to keep Snowman in focus

Gateway Distriparks plans ₹40 crore capex in its subsidiary Snowman Logistics during October-March. Of this, the company has already spent ₹10 crore. Gateway plans to expand capacities at the cold chain logistics provider’s Mumbai and Chennai warehouses. Gateway owns a 40.41 per cent stake in Snowman. Analysts will be keenly watching the developments, given the widespread interest in logistics companies.

Weak gold may add sheen to jewellers

Gold sank to a four-year low of $1,162.10 on Friday after Japan’s central bank surprised markets with aggressive monetary easing measures. The most actively traded gold contract, for December delivery, was down $33.60, or 2.8 per cent, at $1,165 a troy ounce on the New York Mercantile Exchange. Falling price may attract buyers into jewellery shops that bodes well for TBZ, Gitanjali Gems, Thangamayil Jewellery and PC Jeweller, among others.

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