Next week, due to the Diwali festival, the stock market will operate for only four days. Investors will keep a close watch on 31 companies, including Infosys, Mazagon Dock Shipbuilders, National Thermal Power Corporation (NTPC), Tech Mahindra, and CRISIL, as these stocks will go ex-dividend. An ex-dividend date marks when new investors aren’t eligible for dividends, so those who want to benefit must buy shares before this date.
Reliance Industries’ Bonus Shares
Reliance Industries, led by Mukesh Ambani, will be in focus as it is set to trade on an ex-date for bonus shares on October 28. The company announced a 1:1 bonus share issuance, which means that for every share held, shareholders will receive an additional share.
Muhurat Trading Session on October 31
Due to Diwali, the market will close on October 31 (Friday), with a special Muhurat Trading session in the evening from 6:15 PM to 7:15 PM. This symbolic trading session celebrates the start of the new financial year for investors, aligning with the festival’s auspicious occasion.
Ex-Dividend Dates for Major Companies
- Infosys: This IT giant will go ex-dividend on October 29 (Tuesday), with a declared interim dividend of ₹21 per share.
- Mazagon Dock Shipbuilders and CRISIL: These companies will go ex-dividend on October 30 (Wednesday), offering interim dividends of ₹23.19 per share and ₹15 per share, respectively.
- NTPC and Tech Mahindra: Both companies will go ex-dividend on October 31 (Thursday), with NTPC offering ₹2.50 per share and Tech Mahindra ₹15 per share.
Stock Splits and Other Corporate Actions
Next week will also see companies like Dr. Reddy’s Laboratories, Quasar India, Mastertrust, and Selwin Traders trading on an ex-date due to stock splits. Additionally, Jubilant Industries and Shangar Decor will be trading on ex-dates for a merger and a rights issue, respectively.
Summary of Key Dates:
| Stock | Ex-Date | Dividend/Bonus | Details |
|---|---|---|---|
| Reliance Industries | 28 October | 1:1 Bonus | Bonus Shares |
| Infosys | 29 October | ₹21 | Interim Dividend |
| Mazagon Dock Shipbuilders | 30 October | ₹23.19 | Interim Dividend |
| CRISIL | 30 October | ₹15 | Interim Dividend |
| NTPC | 31 October | ₹2.50 | Interim Dividend |
| Tech Mahindra | 31 October | ₹15 | Interim Dividend |
| Dr. Reddy’s Laboratories | Next Week | Stock Split | Stock Split Event |
| Jubilant Industries | Next Week | Merger | Merger Announcement |
| Shangar Decor | Next Week | Rights Issue | Rights Issue Announcement |
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