This week on Dalal Street is buzzing with excitement, despite the stock market operating for just three days. As the Q4 earnings season kicks off, investors are eager to see how companies will perform. Numerous corporate actions, including dividends, stock splits, and rights issues, are set to create ripples across the trading floor.
Noteworthy Corporate Actions This Week
Let’s dive into some of the significant corporate actions scheduled for this week that could impact investors.
CRISIL’s Generous Dividend
CRISIL is treating its shareholders with an impressive final dividend of Rs 26 per share. To be eligible for this payout, investors must hold the stock by the April 14 record date.
Hexaware Technologies’ Interim Dividend
In the tech sector, Hexaware Technologies has announced an interim dividend of Rs 5.75 per share. Shareholders should take note of the April 15 dates for both the ex and record dividends.
Defence Sector Boost from Mazagon Dock
From the public sector, Mazagon Dock is set to reward its shareholders with an interim dividend of Rs 3. This stock will go ex-dividend on April 16.
Upcoming Stock Splits: Kapil Raj & Akme Fintrade
Investors should keep an eye on Kapil Raj Finance and Akme Fintrade (India), both of which are planning a 1:10 stock split. The ex-date for Kapil Raj is April 15, while Akme’s will be on April 17, with the record date following on April 18.
Sanofi Consumer Healthcare’s Major Payout
A highlight this week is Sanofi Consumer Healthcare India, which is offering a substantial dividend of Rs 55 per share. Investors must be aware that both the ex-date and record date fall on April 17.
Additional Corporate Actions on the Horizon
Alongside these five, several other businesses are gearing up for various corporate actions. Companies like Energy Infrastructure Trust, Quess Corp, Remedium Lifecare, Garment Mantra Lifestyle, Rushabh Precision Bearings, Tirupati Tyres, and Onesource Industries and Ventures will be involved in rights issues, spin-offs, or income distributions, with critical dates on April 15 or April 17.
Important Consideration
In light of the T+1 settlement rule, it’s essential for investors to ensure they hold the stocks at least a day prior to the ex-date to qualify for dividends and other benefits.
Key Earnings Reports to Watch
Additionally, investors should stay tuned for Q4FY25 results from major players like Wipro, Infosys, HDFC Bank, and ICICI Bank. These companies are also expected to announce dividends, making them crucial stocks to monitor over the coming days.
With such a dynamic week ahead, investors should remain vigilant and informed to make the most of these corporate actions.