Upcoming Dividend, Bonus, Stock Split Next Week: Glenmark Pharma, Star Housing, Paushak, Shilpa Medicare, More

Upcoming Dividend, Bonus, Stock Split: The Indian stock market is likely to witness heightened volatility in the upcoming Dussehra holiday-shortened week. Meanwhile, shares of Star Housing Finance, Seshachal Technologies, Shilpa Medicare, UH Zaveri, Sumeet Industries, etc, will remain in focus next week because of corporate actions like dividends, stock splits and bonus issues.

Nifty and Sensex extended losses in the past seven trading sessions amid tariff uncertainty and geopolitical tensions. Nifty 50 fell by 2.5% to 24,654 points, and the BSE Sensex fell by 2.54% to 80,426 points in the past five trading sessions.

Despite stock market turbulence, investors are likely to focus on stocks that will trade ex-date for corporate actions like dividends, stock splits, and bonus issues. Here are all the details of stocks that will trade ex-date next week.

Upcoming Dividend

Glenmark Pharmaceuticals Limited is the only stock which will trade ex-dividend next week. Glenmark Pharma had declared an interim dividend of Rs 2.5 per share with a face value of Re 1 each. The company had fixed Friday, 3 October as the dividend record date. Investors who will own the company shares on or before the record date will be eligible for the dividend.

Upcoming Bonus Issue

GEE Limited, Paushak Limited, and Shilpa Medicare Limited have fixed their record date for bonus issue next week.

Upcoming Stock Split

Coming to the stock split, Paushak Limited and Sumeet Industries have announced stock split and fixed the record date for the coming week. Paushak Limited will determine the eligibility of investors for a stock split from Rs 10 to Rs 5 on 3 October. Sumeet Industries has fixed 3 October as the record date for the stock split.

Stock Market Next Week

Nifty and Sensex witnessed losses this week, with broader markets bearing the brunt of stock market volatility. Nifty Midcap and Smallcap indices declined by nearly 5%. Experts believe that investors are likely to continue their wait-and-see strategy amid uncertainties around H-1B visas fees, trade tensions, and geopolitical uncertainties.

For the next week, Nifty may see immediate support in the 24,550 and 24,500 zone, according to Santosh Meena, Head of Research at Swastika Investmart.

"The index has slipped below key moving averages once again. However, bulls will draw hope from the fact that Nifty has largely been range-bound in recent months, swinging sharply on both sides without respecting averages. Immediate support lies in the 24,550-24,500 zone. If this holds, a pullback toward 24,800-25,000 is possible. A breakdown below 24,500 could open doors to 24,400, 24,340, and 24,200," stated Meena.

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