List of companies announcing dividends over 100% in next week, amidst bullish market trend
Domestic equity barometers surged to record high levels on Friday, with bulls dominating the market and driving significant gains. The S&P BSE Sensex increased 64,718.56 points, or 803.14, or 1.26%. The Nifty 50 index soared 19,189.05 by 216.95 points, or 1.14%.
The Sensex and Nifty, India’s leading stock indices, closed at all-time highs, demonstrating impressive increases. The Nifty showed a remarkable 10 percent rise in the first quarter of FY24 and an additional 6 percent in the first half of the fiscal year. Certain sectors, such as IT, Auto, and PSU Bank, stood out as top gainers during Friday’s trading session. The automotive sector attracted attention as traders eagerly awaited the June auto sales numbers. The future outlook for the Nifty remains bullish as long as the previous session’s low is maintained.
A dividend is a payment made by a corporation to its shareholders out of its profits.
Watch out for these 25 stocks that have announced dividends next week:
| Stock Name |
Dividend(%) |
Dividend (Rs) |
| Balaji Amines |
500 |
10 |
| Geojit Financial Services |
150 |
1.5 |
| Jyothy Labs |
300 |
3 |
| Alkyl Amines Chemicals |
500 |
10 |
| Motilal Oswal Financial Services |
300 |
3 |
| Tide Water Oil Company (India) |
750 |
15 |
| Mphasis |
500 |
50 |
| Sundaram Finance |
150 |
15 |
| Kalpataru Projects International |
350 |
7 |
| Adani Enterprises |
120 |
1.2 |
| Ambuja Cements |
125 |
2.5 |
| Ashok Leyland |
260 |
2.6 |
| Bharat Forge |
275 |
5.5 |
| Crompton Greaves Consumer Electricals |
150 |
3 |
| Delta Corp |
125 |
1.25 |
| Happiest Minds Technologies |
170 |
3.4 |
| Jayant Agro-Organics |
100 |
5 |
| L&T Technology Services |
1500 |
30 |
| Navin Fluorine International |
350 |
7 |
| Nucleus Software Exports |
100 |
10 |
| Redington |
360 |
7.2 |
| Roto Pumps |
157.5 |
3.15 |
| Swaraj Engines |
920 |
92 |
| ZF Commercial Vehicle Control Systems India |
260 |
13 |
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Updated: 01 Jul 2023, 04:30 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.