Dividend, Stock Split, Bonus Issue Record Date On 2 September: Deepak Fertilisers, Ion Exchange, TBZ, More

Upcoming Dividend, Stock Split, and Bonus Issue: Deepak Fertilisers, Ion Exchange, TBZ, Prithvi Exchange, and other shares will gather heightened investor attention on Tuesday, September 1, as they will trade ex-date for corporate actions such as bonus issues, stock splits, and dividends.

The Indian stock market closed on a positive note on Monday after snapping its three-day losing streak. While the Nifty 50 ended above the 24,600 mark, the BSE Sensex jumped around 500 points. While the positive sentiment is likely to continue on Tuesday, some stocks may gain momentum as their companies have fixed September 2 as the record date for dividends, bonus issue and stock split. Here are the full details of the upcoming dividend, stock split and bonus issue on September 1.

Dividend, Stock Split, Bonus Issue On 2 September | Full List

Ajmera Realty & Infra India Ltd, Bluegod Entertainment Ltd, Bansal Roofing Products Ltd, Deepak Fertilisers & Petrochemicals Corporation Ltd, EPL Ltd, Gabriel India Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Halder Venture Ltd, Hikal Ltd, and Ion Exchange India Ltd will trade ex-date on Tuesday.

Other stocks to trade ex-date today are Krystal Integrated Services Ltd, Modison Ltd, Mukesh Babu Financial Services Ltd, Panama Petrochem Ltd, Prithvi Exchange (India) Ltd, Radiant Cash Management Services Ltd, Ratnamani Metals & Tubes Ltd, Scoobee Day Garments (India) Ltd, Tribhovandas Bhimji Zaveri Ltd, TPL Plastech Ltd, and Yasho Industries Ltd.

Stock Market Recap

The Indian stock market started September month on a positive note supported by a range of factors including strong GDP numbers, developments around GST rate rationalisation, and upbeat auto sales data for August month.

"The Sensex closed 554 points higher (0.8%) at 80,364, and the Nifty gained 198 points (0.8%) to end at 24,625. Auto stocks led the rally, with the Nifty Auto index rising 3% after robust monthly sales figures. Eicher Motors, Bajaj Auto, Hero MotoCorp, and TVS Motor gained 2-4%. Market breadth was strong, with the Nifty 500 advance-decline ratio at 9:1, reflecting solid mid-cap and small-cap buying," noted Motilal Oswal in its report.

"Electronics manufacturers with exposure to China outperformed as bilateral relations showed signs of improvement. Kaynes Technology, Dixon, and Amber Enterprises surged up to 8%. Defense stocks also attracted bargain hunting, with the Nifty Defense index climbing 2.3%, led by BDL, Ideaforge, GRSE, and Data Patterns, which rose 2-6%. Other sectors such as IT, metals, PSU banks, mid-caps, and small-caps also posted gains of 1-2%," it added.

Stock Market Outlook

The Nifty 50's Monday trajectory signals towards a short pause in the corrective decline, according to Bajaj Broking Research. " Support is placed at 24,400-24,337 levels being the confluence of the recent lows and the key retracement area. A breach below the same will signal acceleration of decline towards the key support area of 24,000-23,800 levels being the confluence of the 52 weeks EMA and the previous major lows and the previous major breakout area," the brokerage added.