2 Big Dividends By Tata Steel & HDFC AMC: Record Date This Week; Trading Guide & Payouts Inside

This week, Tata Steel and HDFC AMC, two of the top dividend-paying companies, are the buzz of the town since their record date is coming on June 6. While HDFC AMC would provide a substantial dividend of Rs 90 per share to eligible shareholders, Tata Steel has announced a cash payout of Rs 3.60. Given that these two stocks are two-days away from ex-date for dividends, traders may want to buy the stock to confirm their eligibility. According to Choice Broking's research experts, investors seeking dividend-paying stocks could find that Tata Steel and HDFC AMC are good investments this week.

Tata Steel Dividend

"The Board of Directors of the company, at its meeting held on May 12, 2025, has recommended a dividend of Rs.3.60/- each per Ordinary Share of face value Re.1/- each, for the Financial Year ended March 31, 2025," said Tata Steel in a stock exchange filing.

"Pursuant to Regulation 42 of the SEBI Listing Regulations, the Board of the Company has fixed Friday, June 6, 2025 as the Record Date for determining the Members entitled to receive the dividend for the FY2024-25," Tata Steel informed stock exchanges.

"The dividend recommended by the Board of Directors of the Company is subject to the approval of the shareholders at the ensuing Annual General Meeting ('AGM') of the Company scheduled to be held on Wednesday, July 2, 2025," Tata Steel stated in a regulatory filing.

Tata Steel Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said "TATASTEEL is currently trading at ₹158. On the weekly chart, the stock has broken out of a falling trendline after recently hitting a high of ₹165.55. Post this breakout, some profit booking was observed at higher levels. The price may retest the ₹154 level, which is likely to act as immediate support. If a reversal is seen from this zone, it could present a buy-on-dips opportunity for a fresh bullish move, with potential upside targets of ₹180 and ₹190."

"The stock is trading above all key EMAs-20, 50, 100, and 200-which indicates strong underlying strength and positive trend alignment. Additionally, the RSI is at 58 and trending upward, reflecting bullish momentum and further upside potential. For prudent risk management, a stop-loss can be placed at ₹150. Traders and positional investors can consider entering fresh longs on dips near ₹154 or on signs of strength above current levels, keeping the broader bullish structure in view," the analyst further recommended.

HDFC AMC Dividend

The Board has recommended a final dividend of Rs. 90 per equity share of Rs. 5 each for the firm, subject to shareholder approval. Subject to shareholder approval, the record date for determining which shareholders will be entitled to receive the final dividend payment is Friday, June 6, 2025. On Wednesday, June 25, 2025, the HDFC AMC will have its 26th Annual General Meeting (AGM).

HDFC AMC Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "HDFCAMC is currently trading around ₹4,746 and has recently delivered a strong breakout from a Cup & Handle pattern on the daily timeframe - a bullish continuation formation that typically signals further upside potential. Following the breakout, some retracement from higher levels is seen towards the breakout zones, which is a healthy sign of base-building and strength retention. The stock remains in a clear uptrend, forming higher highs and higher lows, reaffirming the bullish structure. Technically, HDFCAMC is trading above all key moving averages - short-term, medium-term, and long-term EMAs - indicating solid momentum across all timeframes."

"The Relative Strength Index (RSI) stands around 58.11, pointing to a phase of sideways movement that often precedes a fresh directional breakout. A sustained move above ₹4,900 will likely act as a trigger for renewed upside momentum and could open the door to further gains. At present, if any reversal from the breakout zone is seen, it can confirm a successful retest of the breakout, further strengthening the bullish case. Short-term traders should either wait for a decisive breakout above ₹4,900 or monitor for a clear reversal from the breakout zone to initiate fresh long positions, ideally with volume confirmation," commented Hardik Matalia.

"For long-term investors, the stock remains structurally positive as long as it holds above ₹4,650, and existing positions should be maintained. Furthermore, as long as HDFCAMC sustains above ₹4,500, the broader trend remains bullish, making it an attractive candidate for a buy-on-dips strategy. In summary, the stock is technically well-positioned. While near-term consolidation or retesting may continue, the broader trend remains constructive and favors accumulation on dips," further stated Hardik Matalia.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.