3 Adani Group Stocks To Trade Ex-Dividend Next Month On 7th July, Do You Own Any?

The Adani Group's stocks on Friday, fallen 10%, trading significantly below their 52-week highs, providing prospective investment opportunities for those with an interest in a variety of industries. Among these, there are a few Adani Group stocks that are set to trade ex-Dividend next month on 07th July 2023. Here we have highlighted three Adani group stocks that will trade ex-dividend. Check below to know more.

Adani Enterprises Ltd.

The Board of Directors of Adani Enterprises in a meeting held on May 04, 2023, recommended a Dividend of Rs. 1.20 (@120%) per Equity Share of face value of Re. 1 each fully paid up for the Financial Year 2022-23. The dividend is subject to approval by the shareholders of the Company.

The Board fixed the 7th July, 2023, as 'Record Date' for the recommended dividend.

Stock Outlook

The stock is currently trading at Rs. 2,218.95 apiece, down 7.44% from its previous close. It has fallen 11.17% in the past 1 week, and 15.35% in the past 1 month, respectively. It gave 5.64% positive return in 1 year. It has given a multipage return of 1,318.19% in 3 years and 1,610.32% in the past 1 year, respectively.

The stock traded its 52-week high on 21st December 2022 at Rs. 4,190 apiece and 52 week low on 3 February 2023 at Rs. 1,017.45 apiece, respectively.

Adani Enterprises is a large-cap stock operating in the diversified sector. It has a market capitalisation of Rs. 2,56,169 crore.

ACC Ltd.

The Board of Directors of ACC Ltd. in a meeting held on April 27, 2023, recommended a dividend of Rs. 9.25 per Equity Share of Rs. 10/- each fully paid-up for the financial year ended March 31, 2023. If the dividend is recommended by the Board of Directors at the AGM, it will be paid on or after 25th July 2023, according to the exchange filing.

The Board fixed July 07, 2023, as the 'Record Date' for the recommended dividend for the purpose of determining the entitlement of dividends for the financial year ended March 31, 2023.

Stock Outlook

The stock is currently trading at Rs. 1,775.35 apiece, down 3.09% from its previous close. In the past 1 week, it has fallen 4.1% and in the past 1 month, it has fallen 2.2%. It gave a negative return of 14.88%. However, it gave a positive return of 36.64% in 3 years and 37.44% in 5 years, respectively.

On NSE, the stock traded its 52 week high on 14th September 2022 at Rs. 2,785 apiece and 52 week low on 29th March 2023 at Rs. 1,592.35 apiece, respectively.

ACC is Adani Group's cement sector midcap stock. It has a market capitalisation of Rs. 33,354.72 crore.

Ambuja Cements Ltd.

Ambuja Cements' Board of Directors in a Meeting held on May 02, 2023, recommended a final dividend of Rs. 2.50 per Equity Share of Rs. 2/- each fully paid-up for the financial year ended March 31, 2023.

The recommended final dividend, if approved at the AGM will be paid on or after 25th July 2023, according to the exchange filing.

The Board fixed July 07, 2023, as the 'Record Date' for the recommended dividend for determining the entitlement of dividend for the financial year ended March 31, 2023.

Stock Outlook

The stock of Ambuja Cements is currently trading at Rs. 429.10 apiece, down 3.54% from its previous close. The stock declined 6.54% in the past 1 week. It gave a 20% positive return in the past 1 year, 122.9% in the past 3 years and 110.17% in the past 5 years, respectively.

The stock traded the 52 week high on 9 December 2022 at Rs. 598 apiece and 52 week low on 2 February 2023 at Rs. 315.30 apiece, respectively.

Ambuja Cements is a large-cap company of the Adani Group operating in the Cements sector. It has a market capitalisation of Rs. 85,521.74% crore.

Disclaimer - The above-mentioned Adani Group Stocks are to Trade Ex-Dividend next month on 7th July 2023. The information is purely informational and should not be taken as an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.