4:1 Bonus + 2:1 Stock Split + Rs. 12 Dividend: 3 Stocks to Watch as They Turn Ex-Date On March 9

With the beginning of the 2nd week of March, several stocks are in focus today, including Axtel Industries Ltd, Cupid Ltd and Tanfac Industries Ltd. As of March 9th, these companies are going to trade ex-dividend, ex-bonus and ex-split, respectively. Investors who held shares of these companies before the record date of March 9 will be eligible to receive the announced corporate benefits. The shares of these companies will be under close watch in today's trading session.

Axtel Industries trades ex-dividend

Shares of Axtel Industries Ltd are trading ex-dividend today after the company announced an interim dividend of Rs. 12 per equity share, with March 9 fixed as the record date for determining shareholder eligibility.
Axtel Industries Ltd is a Gujarat-based engineering firm that specialises in custom process equipment and turnkey systems for industries such as food processing, pharmaceuticals and chemicals. As of the end of March 6 trading, shares of Axtel Industries closed at Rs. 457.65, gaining 7.76% during the session.

Cupid Ltd trades ex-bonus

Cupid Ltd, a Nashik-based manufacturer of condoms, lubricant jelly and diagnostic test kits, is in focus today as the stock trades ex-bonus. The company announced a bonus issue in the ratio of 4:1, meaning shareholders will receive four bonus shares for every one share held as of the March 9 record date. On Friday, Cupid Ltd shares closed at Rs. 80.4, declining 0.81% during the trading session.

Tanfac Industries trades ex-split

Shares of Tanfac Industries Ltd are also in focus as the stock trades ex-split today after the company's 2:1 stock split, under which the face value of each share has been reduced from Rs. 10 to Rs. 5. Shares will now trade on a split-adjusted basis, with March 9 set as the record date.

Tanfac Industries Ltd, established in 1972, was formed as a joint venture between Anupam Rasayan India Ltd and Tamil Nadu Industrial Development Corporation (TIDCO). The company specialises in the manufacturing of fluorine-based chemicals, which are widely used in industries such as pharmaceuticals, agrochemicals and refrigeration.
In the latest trading session, Tanfac Industries shares closed at Rs. 3,979.50, falling Rs. 22.55 or 0.56%.

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