GST has a history of rewarding its shareholdings through generous dividend payouts and b/s permitted buy-backs. FY17-19, average dividend payout was at ~38% with absolute dividend at | 9/share (~3% dividend yield). We expect generous dividend payouts to continue, going forward as well. Even in the recent past, GST has concluded a buyback wherein the company has successfully bought 9 lakh shares (~6.5% of outstanding share capital) at a price of | 550/share through tender offer route on the stock exchanges....