Power Finance, Angel One, NMDC Among 15 Stocks to See Corporate Actions This Week
The stock market is set for an eventful week, with 15 companies preparing for key corporate actions, including dividend payouts, stock splits, and bonus shares. Prominent names such as Indian Railway Finance Corporation (IRFC), NMDC, Angel One, and Power Finance Corporation will trade ex-date starting this week.
Corporate Actions and Their Impact
Corporate actions such as dividends, stock splits, and bonus shares play a crucial role in rewarding shareholders and improving stock accessibility.
- Dividends provide direct cash payouts to shareholders, offering steady income from their investments.
- Stock splits reduce individual share prices by increasing the number of outstanding shares, making stocks more affordable.
- Bonus shares reward existing shareholders by providing additional shares at no extra cost, increasing their total holdings.
Key Ex-Dates to Watch
March 17
- Sika Interplant Systems will trade ex-date for its 2:10 stock split, increasing liquidity.
- IRFC’s board will meet to discuss a second interim dividend, with March 21 set as the record date for eligible shareholders.
March 18
- Castrol India, DIC India, and Padam Cotton Yarns will trade ex-date for dividend payouts and a bonus issue.
March 19
- AGI Infra and Power Finance Corporation will trade ex-date for their dividend distributions.
March 20
- Angel One will trade ex-date for its ₹11 dividend payout, benefiting investors.
- Blue Pearl Agriventures will implement a stock split in the ratio of ₹10 to ₹1, making shares more accessible.
March 21
- Companies like Greenlam Industries, Last Mile Enterprises, Optimus Finance, Shukra Pharmaceuticals, and Softrak Venture Investment will trade ex-date, impacting stock movements.
Additionally, Navratna PSU NMDC is set to review a potential interim dividend for FY2024-25 on March 17, reinforcing its commitment to shareholder returns.
Q4 Earnings Watch
As April approaches, companies will start announcing their Q4 earnings for FY2024-25.
- Infosys, India’s second-largest IT firm, has scheduled its board meeting on April 17 to approve and release its audited consolidated financial results.
- Investors will closely track earnings reports, as they set the tone for stock performance in the upcoming quarter.
With multiple corporate actions and earnings updates, market participants will be closely monitoring stock movements and investment opportunities this week.