78 Stocks, Including TCS and Bharti Airtel, Announce Dividends, Bonus Issues, and Stock Splits
The Indian stock market is set to see a flurry of activity as 78 companies, including major players like TCS and Bharti Airtel, approach record dates for dividends, bonus issues, and stock splits. This move is expected to inject liquidity into the market and enhance investor sentiment.
Among the notable companies, Bharti Airtel is set to declare a dividend of Rs 16 per share, which is a significant 320% increase. TCS, a leading IT services company, is also on the list, although the specific details of their dividend or other corporate actions have not been disclosed yet.
Dividends
Several other companies are also declaring dividends, including:
- Afcons Infrastructure : Rs 2.5 per share (25%) - ASK Automotive : Rs 1.5 per share (75%) - Bajaj Electricals : Rs 3 per share (150%) - Birlasoft : Rs 4 per share (200%) - Blue Star : Rs 9 per share (450%) - CE Info Systems : Rs 3.5 per share (175%) - Cummins India : Rs 33.5 per share (1675%) - Dabur India : Rs 5.25 per share (525%) - Dhanuka Agritech : Rs 2 per share (100%) - Dollar Industries : Rs 3 per share (150%) - Elgi Equipments : Rs 2.2 per share (220%) - Exide Industries : Rs 2 per share (200%) - GIC Housing Finance : Rs 4.5 per share (45%) - Goodyear India : Rs 23.9 per share (239%) - GRP : Rs 14.5 per share (145%) - Happiest Minds Technologies : Rs 3.5 per share (175%) - Hitech Corporation : Rs 1 per share (10%) - India Motor Parts & Accessories : Rs 20 per share (200%) - Indian Hume Pipe : Rs 4 per share (200%) special, Rs 1.8 per share (90%) final - Intellect Design Arena : Rs 4 per share (80%) final, Rs 3 per share (60%) special - Kotak Mahindra Bank : Rs 2.5 per share (50%) - Laxmi Organic Industries : Rs 0.5 per share (25%) - Magadh Sugar & Energy : Rs 12.5 per share (125%) - Mahindra Lifespace Developers : Rs 2.8 per share (28%) - Mangalam Global Enterprise : Rs 0.01 per share (1%) - Mangalam Worldwide : Rs 0.2 per share (2%) - Neuland Laboratories : Rs 12 per share (120%) - Newgen Software Technologies : Rs 5 per share (50%) - Orient Electric : Rs 0.75 per share (75%) - Pix Transmissions : Rs 9 per share (90%) - PlatinumOne Business Services : Rs 2 per share (20%) - Prudent Corporate Advisory Services : Rs 2.5 per share (50%) - Punjab Chemicals & Crop Protection : Rs 3 per share (30%) - Safari Industries : Rs 1.5 per share (75%) - Shanthi Gears : Rs 2 per share (200%) - Swelect Energy Systems : Rs 3 per share (30%) - Symphony : Rs 8 per share (400%) - TTK Healthcare : Rs 10 per share (100%) - Walchand Peoplefirst : Rs 1 per share (10%) - Welspun Corp : Rs 5 per share (100%) - Xpro India : Rs 2 per share (20%)
Bonus Issues
In addition to dividends, some companies are also announcing bonus issues to enhance shareholder value:
- IFGL Refractories : 1:1 - Motherson Sumi Wiring : 1:2 - Samvardhana Motherson International : 1:2
Stock Splits
One company is planning a stock split to make shares more accessible to retail investors:
- Indo Thai Securities : Split from Rs 10 to Rs 1 face value
These corporate actions are expected to have a positive impact on the stock prices of these companies, attracting more investors and potentially boosting market performance. Investors are advised to stay informed and consult financial advisors for personalized investment strategies.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)