Corporate actions are crucial for investors or shareholders knowledge or if you are actively involved in the equity space. These corporate actions hint at the firm's financial standing and also enable you to understand why a firm is going for a particular corporate action and hence may enable you to take a specific action such as buy, hold or sell decision. And even it is important as you have to be mindful of the fact that as against the announced corporate action you have the shares or amount credited into your demat or savings account.
1. MK Exim:
This textile processing company has declared bonus issue in the ratio of 2:1 i.e. 2 share for every 1 share held by the eligible shareholder who holds the shares as on the record date i.e.February 9, 2022. The company's stock price last in the trading session on Friday at Rs. 332.60, after hitting an upper price circuit.
The company's profit figure for the September ended quarter doubled ro Rs. 3 crore as against the same corresponding period of the last year.
2. Greenlam Industries:
The company into enhancing the interiors of your homes offers world class surfacing products including Laminates, Compact Laminates, Restroom Cubicles, Lockers, Cladding Solutions, Decorative Veneers, Engineered Wooden Flooring or Engineered Doors & Frames.
The company has announced a stock split of shares from the previous FV of Rs. 5 to a new face value of Rs. 1 per share.
3. Coforge:
This IT company shall be turning ex-dividend for its interim dividend announced of 130% or Rs. 13 for the Fy 22. The record date for the same is 8th February, 2022, implying that the customers who intended to buy into this IT share for its dividend can no longer do the same as the stock trades ex-dividend from today.
Coforge is a mid-cap IT company with activities across app development, managed services, cloud computing and BPO services across sectors.
4. Exide Industries:
The auto ancillary firm trades for Rs 2 per share dividend from today. The battery firm is expected to benefit strongly from the Budget's battery swapping policy. Also, the company is said to be a good buy with decent fundamentals.
5. Sun Pharma:
This large cap company has announced Rs. 7 or 700% interim dividend. KR Choksey the brokerage house in its report dated February 3, 2022 has given the stock to be a buy for a target price of Rs. 1074.
The global speciality pharma entity is into API manufacturing and its products are in the areas of cardiology, psychiatry, neurology, gastroenterology, diabetology and respiratory.
| Stock | Corporate Action | Ex-date | Record date |
|---|---|---|---|
| MK Exim | Bonus 2:1 | 8th February 2022 | 9th February 2022 |
| Greenlam Industries | Stock Split | 10th February 2022 | |
| Coforge | Dividend of Rs 13 | 7th February 2022 | 8th February 2022 |
| Exide Industries | Dividend of 2 | 7th February 2022 | 8th February 2022 |
| Sun Pharma | Dividend of Rs. 7 | 9th February 2022 | 10th February 2022 |
Also Read: Time To Buy This Beaten Down Stock For Long Term With Low P/E & Industry Leadership Status
Disclaimer:
The above stocks are listed just for the corporate actions that they will be going through.
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