In the upcoming week, companies like Housing & Urban Development Corporation (HUDCO), Steel Authority of India (SAIL), Force Motors, Patanjali Foods, and Garden Reach Shipbuilders & Engineers (GRSE) have scheduled corporate actions such as dividends, stock splits, and bonus issues.
Let’s look at the major corporate actions scheduled for the week.
Housing & Urban Development Corporation Ltd, a public financial institution that primarily finances social housing and urban infrastructure projects, will pay a final dividend of ₹1.05 per share. The company has been maintaining a healthy dividend payout of 38.4%
Titagarh Rail Systems Ltd, the only Indian company that manufactures both wagons and coaches, will issue a dividend of ₹1 per share. The company has delivered a good profit growth of 57% CAGR over the last 5 years.
Titan Intech Ltd will undergo a stock split from a face value of ₹10 to ₹1 per share. The company has announced a stock split in the ratio of 1:10, meaning each existing share of face value ₹10 will be divided into 10 shares of face value ₹1 each. Incorporated in 1984, Titan Intech Ltd is in the business of IT and Data Centres. Titan Intech Ltd was launched by the Priyadarshini group, in association with Andhra Pradesh Industrial Development Corporation and Technocrats. The company is almost debt-free, and it is trading at 0.74 times its book value.
Apollo Micro Systems Ltd, an aerospace & defence company, is a pioneer in the design, development, assembly and testing of electronic and electromechanical solutions will pay a final dividend of ₹0.25 per share. Recently, the company has been approved as a production agency for Multi-Influence Ground Mine (MIGM) –Vighana, under DcPP by DRDO. Additionally, the company has entered into an Agreement with DRDO for the Transfer of Technology (TOT) of the Omni-Directional multi-EFP warhead for the NASM-SR Missile.
RBL Bank Ltd is one of India’s leading private sector banks, with a legacy dating back to 1943. The bank will issue a final dividend of ₹1 per share. The stock is trading at 1.06 times its book value. On a year-to-date basis, the stock price has jumped over 69% and is trading 2.14% down from its 52-week high.
Steel Authority of India Ltd (SAIL), one of the largest steel-making companies in India and one of the Maharatnas of the country's Central Public Sector Enterprises, will distribute a final dividend of ₹1.60 per share.
Force Motors Ltd, flagship company of the Abhay Firodia group, has declared a dividend of ₹40 per share. The company has delivered a good profit growth of 46.8% CAGR over the last 5 years. The share price has jumped by over 127% returns in the last 12 months.
Datamatics Global Services Ltd, a Digital Technologies, Digital Operations, and Digital Experiences company, will issue a final dividend of ₹5 per share. The share price of the company has jumped by over 69% in the last 3 months. The stock is nearly 9% down from its 52-week high.
IRCON International Ltd, a Navratna railway construction company, has declared a final dividend of ₹1 per share.
Patanjali Foods Ltd has announced a 2:1 bonus issue, meaning shareholders will receive two additional shares for every one share held. Also known as Ruchi Soya Industries Limited is engaged primarily in the business of processing oil-seeds and refining of oil for edible use. The company has reduced its debt and has been maintaining a healthy dividend payout of 26.9%
Fischer Medical Ventures Ltd will undergo a stock split from a face value of ₹10 to ₹1 per share. This means each share with a face value of ₹10 will be divided into 10 shares of ₹1 each. The company is in the business of processing, manufacturing and trading of Laboratory Grade Chemicals. Since its listing on the exchange, the stock price has jumped by over 29%.
Garden Reach Shipbuilders & Engineers Ltd, a premier shipbuilding company in India under the administrative control of the Ministry of Defence, will issue a final dividend of ₹4.90 per share. The company has been maintaining a healthy dividend payout of 30.4%.
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