Dividend record date alert: BEML, IRCTC, Ambika Cotton, others - Check biggest payout | Last chance to buy today
Shares of several companies, including BEML and Ambika Cotton Mills, are poised for increased investor interest due to upcoming dividends. With September 22 set as the record date for nearly 62 firms, September 21 marks the last buying day for related corporate actions.
Dividend record date alert: Shares of BEML, Ambika Cotton Mills, Akar Auto Industries, Best Agrolife, Cospower Engineering Ltd,Indian Railway Catering and Tourism Corporation Ltd, etc are likely to attract heightened investors’ interest during Monday’s trading session because of their dividend payout.
Nearly 62 companies have fixed Tuesday, September 22, as record date for dividend, which effectively makes Monday, September 21, as the last date to buy them for corporate actions. The Indian stock market follows T+1 trade settlement system, which means that trades are settled and show in the investors’ account only one business working day after the completion of trade.
BEML Limited, Antariksh Industries, Ashapura Minechem Ltd, Beekay Steel Industries Ltd, Hindustan Composites, KP Energy, National Peroxide, etc, are among the key companies that have fixed Tuesday as the dividend record date. Out of all companies, Ambika Cotton Mills, GOCL Corporation, and BEML, are among the companies with highest dividend payout. Here’s the full list of stocks. Ambika Cotton Mills has announced ₹ 37 per share dividend.
The Indian stock market opened flat on Monday but surged in the early trade hours. Nifty 50 surged above 23,400 in the first thirty minutes after the stock market opening. Nifty Bank, Nifty Financial Services, Nifty Midcap select, etc were trading in green at 9:50 am on Monday. Broad market indices also remained largely positive with Nifty Mid small-cap, Nifty largecap, etc trading in red.
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