GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of PFC and SBI Cards, along with several other companies, are expected to draw attention next week as their record dates for corporate actions — such as dividends, rights issues, bonus share issuances, and stock splits — approach. The record date serves as the cutoff for identifying which shareholders qualify for benefits like dividends, bonus shares, and stock splits. To be eligible, investors must have their shares recorded in their Demat accounts on or before this date. Under the T+1 settlement system, shares must be purchased at least one day before the ex-date to qualify for these benefits. Buying on the ex-date itself disqualifies investors from receiving dividends, bonus shares, or stock splits. With the T+1 settlement framework, the record date and ex-date typically coincide, simplifying the process for investors to confirm their eligibility. However, this alignment may change if the ex-date is followed by a market holiday....

[hfe_template id='11223'] [ad_1] Shares of BN Rathi Securities may remain in attention on Thursday, January 23, as today marks the last day to buy the stock in order to qualify for its announced 1:1 bonus share issue as well as the 1:2 stock split. The company had fixed January 24 as the record date for the purpose of determining eligible shareholders for both corporate actions. Therefore, to qualify for the benefits of these corporate actions, investors’ names must appear in the company’s book as of today. Here are the details of the said corporate actions: 1:1 Bonus issue The board of BN Rathi Securities announced a 1:1 bonus share issue, which means that the company will be issuing one additional share for every share already held by its shareholders. “Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 Company has fixed Friday, 24", January, 2025 as the Record Date, for the purpose of ascertaining the eligib...

[hfe_template id='11223'] [ad_1] Shares of Angel One may remain in focus on Monday, January 20 as today is the last day to buy the shares of the company to qualify for the Rs 11 dividend announced by the company. “We would like to inform you that the Board of Directors of the Company at its meeting held today i.e. January 13, 2025 at Maple Conference Room, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai-400093 which commenced at 02.50 p.m. and ended at 06.25 p.m. have inter alia, approved and taken on record the following: The Board has declared 1 st Interim Dividend for the Financial Year 2024-25 at the rate of Rs. 11 .00/- per share on equity shares having face value of Rs. 10 per share, as on the Record date,” Angel One stated in its filing to the exchanges. The company had set the record date as January 21 for determining the eligibility of the shareholders for the interim dividend. The record date determines which shareholders are eligible for bene...

[hfe_template id='11223'] [ad_1] Shares of multibagger stock Tara Chand InfraLogistic Solutions are likely to remain in focus today as the company had announced a stock split in the ratio 10:2 and fixed December 5 as the record date for determining shareholder eligibility. This means today is the last day to buy the stock to be eligible for the stock split. “This is in continuation to our intimation dated November 13, 2024 regarding Sub-division/Split of Equity Shares of the face value of Rs. 10/- each into Equity Shares of the face value of Rs. 2/- each with effect from Thursday, December 05, 2024 (“Record Date”),” said the company in an exchange filing. Tara Chand InfraLogistic Solutions will be splitting its stock from a face value of Rs 10 per share to Rs 2 per share and the share would be trading on an ex-split basis from December 5. This means today is the last day to buy the shares of the company to be eligible for the said stock split as after the implementation ...

[hfe_template id='11223'] [ad_1] Shares of agrochemicals manufacturer UPL are likely to remain in focus on Thursday announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share. The funds will be raised through the issuance of 9.38 crore partly paid-up equity shares. The issue price of Rs 360 represents a discount of about 34% to UPL's closing price of Rs 546.85 on November 19 on the BSE. The company stated that the rights issue offers eligible shareholders one share for every eight fully paid-up shares held as of the record date, November 26. The issue price includes a face value of Rs 2 and a premium of Rs 358, payable in installments—Rs 90 on application and Rs 270 in subsequent calls, according to the company’s filing. Also read: Honasa Consumer shares crack 34% in just 2 days. Is the glow fading away? The subscription period begins on December 5 and ends on December 17, with an on-market renunciation window from December 5 to D...

[hfe_template id='11223'] [ad_1] Shares of SME stock Pulz Electronics are expected to be in focus today, as the record date for its 1:1 bonus issue is tomorrow, October 25, making today the last day to purchase shares for eligibility. This means that the shareholders who have the shares of the company in their demat accounts on the record date, will be credited with an additional share of the company as a bonus. “Pursuant to the provisions of Section 63 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Share Capital and Debentures) Rules, 2014 the Board hereby approved to issue fully paid Bonus Shares to the shareholders out of Free reserves and in the interest of all concerned, such issue to be made on the following terms and conditions: - The issue of shares will be made in the proportion of 1 (ONE) new share for every one equity share i.e., 1:1 held on record date,” said the company in a filing to the NSE. Prior to this, the ...

[hfe_template id='11223'] [ad_1] Shares of IT company Tech Mahindra today surged 4% in an intraday session to their new 52-week high of Rs 1,761.30 after the company on Saturday reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively. While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders. Here is what analysts say: HDFC Securities: Reduce| Target price: Rs 1,480 Tech Mahindra’s (TECHM) growth and margin trajectory improved yet remain a work in progress. Q2 growth and margin print were slightly ahead of estimates, supported by strong growth in 75% of the portfolio (ex-Manufacturing/Healthcare). The recovery gradient is on the expected l...

[hfe_template id='11223'] [ad_1] The board of small cap company Pondy Oxides and Chemicals had announced a stock split in the ratio 2:1, for which they had fixed October 16 as the record date, which means today is the last date to buy the shares of the company to be eligible for the benefit of the stock split. “The Board of Directors of the Company in their meeting held today, i.e., 23rd September 2024 at 03.00 P.M. (1ST), have fixed the Record date on Wednesday, 16th October 2024 for the purpose of determining the eligible shareholders of the Company for Sub-division / Split of the existing equity shares of the Company such that 1 ( one) equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up be sub-divided into 2 (Two) equity shares having a face value of Rs. 5/- (Rupees Five only) each,” the company had informed via an exchange filing. Under the stock split, each existing equity share of face value of Rs 10 will be split into 2 equity shares of...

[hfe_template id='11223'] [ad_1] State-owned company RITES announced a final dividend of Rs 5 per share and a 1:1 bonus share issue earlier in July for its eligible shareholders, while later announcing September 20 as the record date for both in August. This means today is the last day to buy shares of the company in order to qualify for the announced dividend and bonus shares, as they are paid to shareholders listed in the company’s records on the record date. “Final Dividend, if approved at the Annual General Meeting, will be paid to those shareholders whose name appear in the Register of Members of the Company and to those shareholders whose name appears in the Statements of beneficial ownership furnished by NSDL and CDSL at the end of business hours on Friday, 20th September, 2024 (“Record Date”),” said the company in a filing to the exchanges. A 1:1 bonus share issue means that for each existing share of the company held, shareholders will receive an additional shar...

[hfe_template id='11223'] [ad_1] The Securities and Exchange Board of India (Sebi) has proposed faster credit and trading of bonus shares. It has suggested to streamline and reduce timelines of bonus issue enabling T+ 2 trading of shares post record date. The move is aimed to reduce investors' risk of market volatility due to any delay in credit of bonus shares. At present, there are no specific timelines regarding credit of bonus shares and trading of such shares, from the record date of the issue. "...absence of any specific guidelines on this aspect leads to non-uniformity with respect to timelines in which shares are credited and made available for trading in bonus issue," Sebi said in a discussion paper.Currently, existing shares continue to remain available for trading post record date under existing ISIN and shares issued pursuant bonus issue are credited in existing ISIN and same are made available for trading in 2-7 working days post record date.To...

[hfe_template id='11223'] [ad_1] Companies such as Amara Raja, Can Fin Homes, and Praj Industries, among others, have declared dividends for eligible shareholders, setting the record date as July 18. Since July 17 is a market holiday, today is the last day to purchase shares of these companies to qualify for the announced dividends. Dividends are paid to shareholders listed in the company's database on the record date. With the T+1 settlement framework, the record date and ex-date typically coincide, except in cases where there is a market holiday following the ex-date. Shareholders who purchase the stock at least one day before the ex-date are eligible for dividends, as settlement occurs the next day. Those who buy the stock on the ex-date are not eligible for dividends. Here are the list of stocks that will start trading ex-dividend from Thursday:Advanced Enzyme Technologies will be paying a dividend of Rs 1.1 per share and the record date for the purpose is July 1...