CONTENTS: 5 Important Stock Market Events You Can’t Miss This Week (May 15-20)

Dividend Payouts (May 14)

On Tuesday, May 14, 2024, both Godrej Consumer Products Ltd and Gravita India Ltd are set to distribute dividends. For Godrej Consumer Products Ltd, shareholders holding shares on this date will receive ₹10 dividend per share with a face value of ₹1.

Likewise, Gravita India Ltd will issue a dividend of ₹5.2 per share with a face value of ₹2 to shareholders on the same ex-dividend and record date. Additionally, Omax Autos Ltd will also distribute a dividend of ₹1 per share with a face value of ₹10 on May 14, 2024.

 

On Wednesday, May 15, 2024, Ador Welding Ltd will declare an interim dividend of ₹18.5 per share with a face value of ₹10. Shareholders holding the company’s shares on the record date, also May 15, 2024, will be eligible for this dividend. Similarly, Aptus Value Housing Finance India Ltd will distribute a dividend of ₹2.5 per share with a face value of ₹2 to shareholders on the same ex-dividend and record date.

On May 15, 2024, Coforge Ltd, Hindustan Zinc Ltd, and IRB Infrastructure Developers Ltd will all have the same ex-dividend date and record date. Coforge Ltd will issue a dividend of ₹19 per share with a face value of ₹10 to shareholders on this date. Similarly, Hindustan Zinc Ltd will pay an interim dividend of ₹10 per share with a face value of ₹2, and IRB Infrastructure Developers Ltd will distribute a dividend of ₹0.1 per share with a face value of ₹1 to eligible shareholders.

On Thursday, May 16, 2024, Tata Consultancy Services (TCS) will have its ex-dividend date. Shareholders holding TCS shares on this date will receive a final dividend of ₹28 per share with a face value of ₹1 for the 2024 financial year, provided they are recorded as shareholders on the record date of May 16, 2024.

Ador Fontech Ltd and Craftsman Automation Ltd will both have an ex-dividend date of May 17, 2024. Ador Fontech Ltd will issue an interim dividend of ₹6 per share with a face value of ₹2 on this date. Similarly, Craftsman Automation Ltd will distribute a final dividend of ₹12.25 per share with a face value of ₹5 to shareholders who hold the shares on the record date of May 20, 2024, which coincides with the ex-dividend date.

Craftsman Automation Ltd will distribute a final dividend of ₹12.25 per share with a face value of ₹5 on May 17, 2024, which serves as both the ex-dividend date and record date.

Advanced Enzyme Technologies Ltd will have an ex-dividend date of May 17, 2024, and shareholders on record as of May 18, 2024, will receive an interim dividend of ₹4 per share with a face value of ₹2.

Similarly, Nicco Parks & Resorts Ltd will have its ex-dividend date and record date on May 17, 2024. The company will pay out a final dividend of ₹0.5 per share with a face value of ₹1 to shareholders recorded on this date.

Two companies will undergo stock splits this week:

On May 15, 2024, Canara Bank will initiate a stock split (ex-date), changing the face value per share from ₹10 to ₹2, with a split ratio of 5:1. This implies that if you currently hold 1 share of the company with a face value of ₹10, post-split, you’ll receive 5 shares valued at ₹2 each.

On May 17, 2024, Vardhman Polytex Ltd will have its ex-split date, and its shares will be split in a ratio of 10:1. This will reduce the face value of shares from ₹10 to ₹1. Therefore, if you presently hold 1 share of the company with a face value of ₹10, after the split, you’ll have 10 shares valued at ₹1 each.

Three companies are conducting rights issues this week:

1. Franklin Industries Ltd’s rights issue record date is May 13, 2024. The rights issue will open on May 24 and close on June 11, offering shares at ₹3.58 per share. The ratio for this rights issue is 3:1, meaning shareholders can purchase 3 shares for every 1 share held.

2. DSJ Keep Learning Ltd’s rights issue record date is May 14, 2024. Shares are priced at ₹1 each. The rights issue ratio is 7:9, indicating that for every 9 shares owned, shareholders can purchase 7 additional shares at the specified price.

3. Solara Active Pharma Sciences Ltd’s rights issue record date is May 15, 2024. The rights issue will be open from May 28 to June 11, offering shares at ₹375 per share. The rights issue ratio is 1:3, allowing shareholders to purchase 1 share for every 3 shares held.

On May 14, 2024, Viji Finance Ltd will launch a rights issue of equity shares, with a record date set for the same day. The rights issue will offer shares at ₹1.5 each, with the offering period running from May 28 to June 10. The rights issue ratio is 8:11, indicating that for every 11 shares currently held, shareholders can purchase 8 additional shares at the specified price.

IFL Enterprises Ltd will also conduct a rights issue of equity shares, with a record date of May 17, 2024. The rights issue will offer shares at ₹3.96 each, with the offering period running from May 27 to June 25. The rights issue ratio is 1:2, meaning for every 2 shares currently held, shareholders can purchase 1 additional share at the specified price.

In the upcoming week, aside from dividend declarations and stock splits, several other corporate actions are scheduled:

– On May 17, 2024, Diligent Industries Ltd will convene an Extraordinary General Meeting (E.G.M.), Eastern Sugar & Industries Ltd will undergo a Suspension as part of a Resolution Plan, and Jaysynth Dyestuff (India) Ltd will experience an Amalgamation (Merger).

– Additionally, Swadeshi Industries Leasing Co. Ltd. will hold an Extraordinary General Meeting.