1 week ago
SUMMARY
From Bajaj Steel Industries issuing three free shares to Page Industries announcing a payout of ₹250 apiece, here are some of the major corporate actions for the upcoming week.
By Hormaz Fatakia November 11, 2024, 4:47:03 AM IST (Published)
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Multiple companies starting from Page Industries to IRFC will see corporate actions from bonus issue of shares to dividends take effect in this truncated week. Here is a look at such companies.
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Bajaj Steel Industries recently announced a bonus issue of shares, where it will issue three bonus shares for every one share held by shareholders. The record date for the same has been fixed as Tuesday, November 12, which means Monday would be the last day to have the stock in your demat account to be eligible for this bonus issue of shares. Bajaj Steel Industries is not related to the Bajaj Group. The stock is currently in Stage 1 of the Additional Surveillance Measures (ASM) framework.
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IRFC, the state-run railway financier, announced an interim dividend of ₹0.8 per share along with its September quarter results. The record date for the same has been fixed as Tuesday, November 12. Shares are down over 30% from their recent peak of ₹229.
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Wonder Electricals, a company with a market capitalisation of over ₹2,100 crore, announced that it will split one equity share that currently carries a face value of ₹10 into ten shares, which will have a face value of ₹1 each. The record date for the stock split has been fixed as Tuesday, November 12.
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Indian Metals and Ferro Alloys reported results last week and also declared an interim dividend of ₹10 per share, the record date for which has been fixed as Thursday, November 14.
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Another company that reported results last week was IRCTC and it also announced an interim dividend of ₹4 per share, the record date for which, has been fixed as Thursday, November 14.
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JTL Industries recently announced its final stock split, wherein it will split one equity share that currently has a face value of ₹2 each, into two shares, that will carry a face value of ₹1 each. The record date for the same has been fixed as Thursday, November 14.
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Page Industries reported a strong quarter this time around and management commentary on demand going forward sent the stock to a 52-week high. The company also announced its second interim dividend of ₹250 per share, following a ₹300 payout announced earlier. The record date for the dividend has also been fixed as Thursday, November 14.
