From 1000% To 1750%: 4 Stocks To Trade Ex-Dividend Today; Buy Any?

Four stocks-Page Industries, Disa India, Alkem Lab, and Banco Products-will trade ex-bonus this Friday, February 16. For those who are eligible, the dividends on these four equities vary from 1000% to 1750%. Since India uses the T+1 settlement mechanism, a record date and an ex-date fall on the same day.

As a result, investors must purchase the stock before the ex-date or record date in order to be eligible for the dividend. The ex-date, also known as the ex-dividend date, is the date on or after which a stock is traded without a previously declared dividend hence if you purchase a stock on its ex-dividend date or after, you will not be eligible for the company to pay you the upcoming dividend.

Page Industries Dividend

The Board of Directors of the company at their meeting held on 8 February 2024 has declared 3rd interim dividend 2023-24 of Rs. 100/- per equity share. "As informed earlier, the record date fixed for the payment of interim dividend is 16 February 2024. The date fixed for payment of dividend is on or before 8 March 2024," said the company in a stock exchange filing.

Page Industries Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said PAGEIND, currently trading at Rs 36,303, has recently been consolidating within the range of Rs 33,500 to Rs 40,000. The current price reflects sideways movement, and a potential continuation towards the Rs 40,000 level is anticipated if the price closes above Rs 37,000. On the downside, strong support is observed near Rs 35,500.

Moreover, PAGEIND is trading above key Exponential Moving Averages (EMAs), including the 200-day EMA, indicating price stability and acting as strong support. The Relative Strength Index (RSI) is presently at 40, suggesting an upward trajectory and indicating a sideways trend. These technical indicators collectively support the notion that PAGEIND may have the potential to reach a target price of Rs 40,000 in the near term.

To effectively manage risk, it is advisable to set a stop-loss (SL) at Rs 35,500 to protect the investment in case of an unexpected market turn. A prudent strategy would involve considering buying on dips at levels of Rs 35,800.
In conclusion, considering the technical analysis and current market conditions, PAGEIND presents a promising buying opportunity for those aiming for a Rs 40,000 price target. It is crucial to implement prudent risk management measures to safeguard the investment.

Disa India

The Board of Directors considered and approved "Payment of first Interim Dividend of Rs. 100/-(1000%) per equity share of the face value of Rs. 10/-each for the Financial year 2023-24, payable to the registered shareholders of the Company as on the Record Date i.e., February 16, 2024, amounting to Rs. 145.42 Million. The said Interim dividend will be paid on or before March 6, 2024 within 30 days from the date of declaration," said Disa India in a regulatory filing.

Disa India Share Price Target

Mandar Bhojane- Equity Research Analyst at Choice Broking said DISAQ is currently trading at 15175.05 levels and appears to be in a consolidation phase within the range of 14300 - 16300. This range aligns with a robust support zone at 14300, encompassing the 100-day Exponential Moving Averages (EMA). The convergence of these factors suggests a significant level of stability and a potential opportunity for traders and investors.

The consolidation within this range reflects a delicate equilibrium between buying and selling pressures, indicating a period of price discovery and market participants reassessing their positions. It is noteworthy that the support zone includes the 100-day EMA, further reinforcing its significance.

A potential breakout above the upper boundary of this consolidation range, specifically above 16300 levels, could act as a catalyst for a bullish move. In such a scenario, traders might look to capitalize on the upward momentum, with a target set at 17700 and possibly beyond.

The Momentum indicator, Relative Strength Index (RSI), currently stands at 52 levels, signalling a neutral stance. This suggests that there is no significant bias towards overbought or oversold conditions, supporting the notion of a balanced market.

Traders and investors are advised to closely monitor the price action and be vigilant for a potential breakout. The support range, particularly around 14300 levels, could serve as a strategic entry or exit point. Overall, the analysis points towards a cautiously optimistic outlook for DISAQ, contingent on a decisive breakout above the upper boundary of the consolidation range.

Alkem Laboratories

The Board of Directors "Declared an Interim Dividend of Rs. 35/-(Rupees Thirty Five only) per equity share on the face value of Rs. 2/-per share for financial year 2023-24 pursuant to Regulation 43 read with Regulation 30 of Listing Regulations. The date of payment of Interim Dividend shall be on and from 0 1st March, 2024. Further, as informed vide our letter dated 01 st February, 2024, submitted to the Stock Exchanges pursuant to Regulation 42 of the Listing Regulations, the record date for the purpose of payment of Interim Dividend for financial year 2023-24 would be Saturday, 17th February, 2024," said the company in a stock exchange filing.

Alkem Laboratories Share Price Target

Deven Mehata - Equity Research Analyst at Choice Broking said ALKEM, currently trading at 5292 levels, has exhibited a notable rebound from a robust support base around 5410, aligning closely with its 20-day Exponential Moving Average (EMA). The stock's resilience at this support level is a positive sign, emphasizing its capacity to move higher.

A compelling technical development is the breakout from a rounding bottom pattern on the daily charts, further validating the bullish sentiment. ALKEM is trading above key moving averages, including the 20, 50, and 200-day EMAs, highlighting its strong positioning and indicating a sustained upward trend.

The momentum indicator, Relative Strength Index (RSI), at 60.82, indicates strength and supports the bullish outlook. A minor resistance near 5385 levels could pose a challenge, but a successful breakthrough may propel the stock towards the target levels of 5485 and 5590, as suggested by Fibonacci Extension levels.

Investors holding the stock from lower levels are advised to trail their stop-loss at the mentioned support of 5410, ensuring a systematic risk management approach. Overall, ALKEM's technical indicators project a positive trajectory, with potential upside targets for investors to consider.

Banco Products

"The Board of Directors has declared an Interim Dividend of Rs 20/- (1000 %) per Equity Share of Rs 2.00 each for the financial year ending 31st March, 2024. The Company has fixed Friday, 16th February, 2024, as the record date for the purpose of payment of Interim Dividend. The Interim Dividend declared will be paid on or after 27 February, 2024," said the company in a stock exchange filing.

Banco Products Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said BANCOINDIA is presently trading at Rs 700. The stock demonstrates a robust demand zone within the Rs 654 to Rs 680 range, serving as a crucial support level. The establishment of new higher highs and higher lows suggests a potential upward movement, with projected targets at Rs 800. Notably, substantial support is evident around Rs 650.

Additionally, BANCOINDIA is trading above key Exponential Moving Averages (EMAs), including the 20-day, 50-day, 100-day, and 200-day EMAs, indicating a strong bullish momentum. The Relative Strength Index (RSI) stands at 56, affirming an upward trajectory and confirming increased buying momentum.

To effectively manage risk, it is advisable to set a stop-loss (SL) at Rs 640, safeguarding investments against unexpected market reversals.

A prudent strategy involves considering buying opportunities during market dips at levels around Rs 654.
In summary, based on technical analysis and prevailing market conditions, BANCOINDIA appears to offer a promising buying opportunity for those targeting price objectives of Rs 800, contingent upon the implementation of prudent risk management measures.

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.