MUMBAI: Investors will see a busy week ahead as multiple high-profile companies are set to turn ex-date for various corporate actions, including stock splits, bonus issues, and dividends.
Key Corporate Actions
- Adani Power: The company will undergo a 1:5 stock split, reducing the face value of each share from ₹10 to ₹2. September 22 has been fixed as the record date.
- Pidilite Industries: Will turn ex-bonus for a 1:1 bonus issue on September 22.
- Piramal Enterprises: Will trade ex-amalgamation on September 22.
- Nazara Technologies: On September 26, the gaming company will turn ex-date for two corporate actions—a 1:1 bonus issue and a stock split, reducing the face value from ₹4 to ₹2.
- Bajaj Holdings & Investment: Declared an interim dividend of ₹65 per equity share (face value ₹10). The record date is September 22.
- BEML Ltd: Announced a final dividend of ₹1.20 per share (face value ₹10), subject to approval at the AGM. Record date: September 22.
Other companies turning ex-date include Sunteck Realty (₹1.50/share, Sept 23), National Fertilizers (₹1.56/share, Sept 22), Sudarshan Chemical (₹4.50/share, Sept 22), Maharashtra Scooters (₹160/share, Sept 22), PNC Infratech (₹0.60/share, Sept 22), Navneet Education (₹1.50/share, Sept 22), and Tilaknagar Industries (₹1/share, Sept 23).
Market Sentiment
Vinod Nair, Head of Research at Geojit Financial Services, noted that Indian equities closed the week strong, with mid-cap and small-cap stocks driving momentum. “Domestic institutional inflows cushioned the impact of FII selling, helping sustain the rally,” he said.
Nair added that with GST rationalisation set to take effect next week and festive demand picking up, consumption-driven sectors like autos and real estate are attracting buyers. Export-oriented segments such as IT and pharma are also benefiting from improved global liquidity and progress in US-India trade talks.
Looking ahead, investors are expected to track key US macroeconomic data — including GDP, jobless claims, and core inflation — for cues on the Federal Reserve’s policy stance.
