10 Stocks That Are Set To Consider Bonus, Stock Splits, Rights & Dividends In May

Domestic indices displayed strength amid healthy quarterly results and monthly F&O expiry. Nifty made a one-side move and gained momentum throughout the session to close near the day's high with gains of 101 points at 17915 level. Further, India VIX at a 20-month low at 11.4% also lifted the sentiments.

Here are a list of stocks that are set to declare bonus, stock splits, rights and dividends in May

Company name	Board meeting date	Purpose
Ashirwad Capital	May 5, 2023	Bonus
Clara	May 5, 2023	Rights
ADF Foods	May 6, 2023	Stock split
AKI India	May 9, 2023	Stock split
Ugro capital	May 16, 2023	Preferential issue
TV Today	May 16, 2023	Final dividend
Balmer Lawrie	May 25, 2023	Final dividend
Motherson	May 27, 2023	Final dividend
Loyal Textiles	May 29, 2023	Final dividend
TTK prestige	May 25, 2023	Dividend

Results to determine the course of the markets

The broader market too ended in green with midcap 100 up 0.6% while smallcap 100 was up 0.8%. All sectors ended positively with IT, Realty and Auto being top gainers. The market surged to three months high, supported by the ongoing Q4 earning season and short squeeze in monthly derivatives expiry. Further, FIIs turning positive after seven consecutive days of selling added to overall positivity. We expect this up-move in Nifty to continue above the 18k zone. The banking sector would in focus on the back of results from Axis Bank on Thursday evening and Kotak Bank on Saturday," says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Disclaimer

Please note, we have highlighted the companies that are considering bonus, stock splits and dividends. This article is information and we have not done any fundamental analysis. Please also note, this is not a recommendation to "buy", "sell" or hold any of the above stocks. Please do take expert advise before you invest.