The yield gap is a sign of how far the market is underpriced or overpriced. A negative yield gap indicates markets are overheating and maybe overvalued if you go purely by the quants.
Dividend record date: Last chance to buy shares of Godfrey Phillips, IRCTC, other 50 companies for eligibility
Indian investors seeking dividends have a final chance to buy shares. Friday is the record date for eligibility. Godfrey Phillips India leads with a Rs