Indian markets will witness multiple stocks turning ex-date this week, featuring dividends, bonus issues and corporate actions across various sectors. According to reports from ET Now and The Economic Times, major companies including State Bank of India, Godrej Consumer Products Ltd and Indian Energy Exchange Ltd are set for dividend payouts, while firms such as Aptus Pharma Ltd and Biogen Pharmachem Industries Ltd will trade ex-bonus during the week. The comprehensive list includes companies from financial services, consumer goods, real estate and energy sectors, with 18 stocks going ex-date this week compared to the previously reported 16.
A total of 11 companies are going ex-dividend this week with a combined dividend payout of ₹78.95 crore. As reported by ET Now, Kennametal India Ltd offers the highest dividend at ₹40 per share, while HBG Hotels Ltd has announced the lowest payout at ₹0.15 per share. Key dividend announcements include Manappuram Finance Ltd with ₹0.50 per share (ex-date May 11), PAE Ltd with ₹0.20 per share (ex-date May 11), and Anand Rathi Wealth Ltd with ₹7.00 per share (ex-date May 15). Investors have a final opportunity today to purchase shares of 10 companies before they go ex-record date for dividends tomorrow, May 8, including Central Bank of India, Laurus Labs, NALCO, and Premier Energies.
Several companies are implementing significant corporate actions this week. According to ET Now, Aptus Pharma Ltd has declared a bonus issue in the ratio of 3:2 with ex-date May 12, while Biogen Pharmachem Industries Ltd will issue bonus shares in the ratio of 1:6 (ex-date May 15). Additionally, Dev Labtech Venture Ltd will execute a stock split from face value ₹10 to ₹5 effective May 15. The bonus issue ratio varies across companies, with Aptus Pharma offering 3:2 and Biogen Pharmachem providing 1:6 shares.
State Bank of India leads the banking sector with a final dividend of ₹17.35 per share with ex-date May 15 and record date May 16. As reported by ET Now, Godrej Consumer Products Ltd has announced an interim dividend of ₹5.00 per share with May 12 as the ex-date. Gujarat State Petronet Ltd has scheduled May 12 as the key date for its amalgamation process. The financial services sector also sees Anand Rathi Wealth Ltd paying a final dividend of ₹7.00 per share with May 15 ex-date. Jefferies noted that leadership uncertainty at HDFC Bank has become a major overhang for the banking sector, dragging benchmark valuations despite strong fundamentals, with clarity on management succession potentially triggering a recovery.
The real estate sector features prominently with Brookfield India Real Estate Trust REIT declaring an income distribution under RITES effective May 14. According to ET Now, Oberoi Realty Ltd has fixed May 14 as the ex-date for its interim dividend of ₹2.00 per share. Nexus Select Trust has announced an income distribution under RITES with May 15 as the ex-date. The infrastructure sector sees GSPL moving ahead with its amalgamation process on May 12. The Economic Times reports that investors will watch Q4 earnings announcements for many companies this week, which will influence trading alongside foreign institutional investors' selling and geopolitical tensions in the Middle East.
