There are a host of corporate actions scheduled for this week. Aurobindo Pharma, Balrampur Chini Mills, Cochin Shipyard, Mazagon Dock, Coal India, ONGC, and Oil India will trade ex-dividends, while Shaily Engineering and Ravalgaon Sugar Farm will trade ex-split. Shares of two companies -- Olatech Solution and Avantel --- will trade ex-bonus this week.
Shares of Shaily Engineering (Rs 10 to Rs 2) on Thursday, November 23, while Ravalgaon Sugar Farm ( Rs 50 to Rs 10) on Friday, November 24, will ex-split.Pune Wealth Management
A stock split is usually done to increase the liquidity of the stock in the marketAhmedabad Wealth Management. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in Demat accounts and the stock price will be adjusted according to the split ratio.
Anupam Rasayan (Rs 0.5/share), Aurobindo Pharma (Rs 3/share), Balrampur Chini Mills (Rs 8/share), Cochin Shipyard (Rs 8/share), GMM Pfaudler (Rs 1/share), and Mazagon Dock (Rs 15.34/share) will trade ex-dividend on November 20Kanpur Wealth Management. Coal India (Rs 15.25/share), EID Parry (Rs 4/share), Gillette India (Rs 50/share), ONGC (Rs 5.75/share), and Sun TV Network (Rs 5/share) will trade ex-dividend on November 21.
Meanwhile, on November 22, Crisil (Rs 11/share), Intersoll-Rand (India) (Rs 50/share), Ipca Laboratories (Rs 2/share), Oil India (Rs 3.5/share), and National Aluminium Company (Rs 1/share) will trade ex-dividend. Amrutanjan Healthcare (Rs 1/share), Procter & Gamble Health (Rs 50/share), and Premco Global (Rs 3/share will trade ex-dividend on November 23.
Also, Goldiam International (Rs 1.2/share), Manappuram Finance (Rs 0.85/share), Natco Pharma (Rs 1.25/share), Power Finance Corporation (Rs 4.5/share), and Uniparts India (Rs 8/share) will trade ex-dividend on November 24.
The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends.
Whereas, Olatech Solution (17:20) on Monday, and Avantel (2:1) on Friday will trade ex-bonus.
A company issues bonus shares for its shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.
Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.
The bonus shares once allotted will rank pari‐passu in all respects and carry the same rights as the existing equity shares and will be entitled to participate in full in any dividend and other corporate actions recommended.
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