Dividend stocks: The stock market is going to have ex-wedding shares of many big companies next week (8 to 12 September). These include Steel Authority of India Limited (SAIL), Housing and Urban Development Corporation Limited (HUDCO), RBL Bank (RBL Bank), Titagarh Rail Systems, Birla Corporation and Birla Corporation and Birla Corporation Are.
SAIL declared a final dividend of Rs 1.60 on each stock with a face value of Rs 10 in the board meeting held on May 28. For this, a record date has been set on 9 September. The company said that qualified shareholders would get dividends within 30 days of record date.
HUDCO recommended a final dividend of Rs 1.05 on each stock in the May 24 board meeting. A record date for this has also been fixed on 9 September. At the same time, RBL Bank has declared a final dividend of Rs 1 on each stock and its record date is 9 September.
Force Motors has approved a dividend of Rs 40 on each share in its 66th AGM. For this, a record date has been set on 10 September.
Apart from this, the shares of many other companies will also trade as an X-Daydind next week.
, Cochin Shipyard Has fixed a dividend of Rs 2.25 per share on each stock. A record date for this has been fixed on 12 September.
, IRCON International Has declared a dividend of 1 rupee every share. The record date for this is 11 September.
, Titagarh railway systems Has also declared a dividend of Rs 1 on every stock. The record date for this is 8 September.
, Garden Reach Shipbuilders & Engineers Has fixed a dividend of Rs 4.90 per share on each stock, for which the record date is September 12.
, Cazeria ceramics Has declared a dividend of Rs 4 on every stock, for which a record date is fixed on 12 September.
, Gujarat State Petronet Has announced a dividend of Rs 5 on each stock, a record date for this is fixed on 12 September.
, Birla Corporation Has declared a dividend of Rs 10 on every stock. The record date for this is 8 September.
Vinod Nair, Head of Research of Jeepy Investments Limited on the market situation, said that the domestic equity market started with firmness, but gradually weakened. Investors’ mood could not be maintained due to weakening of GST rate cuts and reopening global trade tension.
Talking about the move of the stock market, Vinod Nair, the research head of Geojit Investments, said that the market move is likely to be mixed. Sectors associated with domestic growth will have GST improvement, increase in consumption levels and increased government expenditure. Whereas, uncertainty over global trade talks is limiting the ability to risk risk in the market. Multi asset investment strategy is expected to gain momentum in this environment.
He said that the focus of the stock market remains on the upcoming US employment report. It is an important macro indicator whose policy can be estimated at the US Fed interest rates. In addition, investors will be eyeing the important macro-indicators, including the decision of ECB interest rates, along with the decisions of ECB’s interest rates in the coming week.
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