Dividend record date alert: Shares of Gujarat Mineral Development Corporation (GMDC), Talbros Engineering, Titagarh Rail Systems, AGI Infra Limited, Apollo Micro Systems, etc are likely to remain in focus during Tuesday’s trading session due to their upcoming dividend record dates.
Nearly 57 companies, including PNC Infratech, Pashupati Cotspin, Mishra Dhatu Nigam Limited, Hariom Pipe Industries, etc, have fixed Wednesday, September 23 as dividend record date. Investors must own the stock before the dividend record date to become eligible for the payout.
The Indian stock market follows the T+1 settlement trade cycle, which means that trades are settled in the next business day after the transactions. Hence, Tuesday, September 22, effectively becomes the last date to buy stocks with Wednesday (September 23) as the record date for eligibility.
Last chance to buy stocks for dividend | Check full list
GMDC, Talbros Engineering, Gallantt Ispat Limited, Haleos Labs, AAA Technologies, Archit Organosys, Goodluck India, Titagarh Rail Systems, are among the companies that have paid highest amount of dividend. Here’s the full list of stocks that have fixed Wednesday as the dividend record date.
Indian stock market today
The Indian stock market is likely to remain volatile and continue to build on to gains made over the past few consecutive sessions. Nifty 50 is likely to hold on to gains as the index has formed a bullish candle on the chart with a “higher high and higher low”, according to Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking.
“Nifty in the last four sessions has rebounded from the extreme oversold territory and in the coming sessions it is likely to consolidate and trade in the broad range of 23,115-23,650. On the higher side 23,600-23,650 will act as major resistance being the last week high and the recent breakdown area. Index needs to sustain a higher high and higher low formation and reclaim 23,650 to signal a pause in the ongoing downtrend,” explained Pabitro Mukherjee.
