3 L&T Group Stocks Turning Ex-Dividend In July 2023; 1 Large Cap, 2 Midcap Stocks

July is going to be a month packed with stocks turning ex-Dividend. Among various quality stocks, from small cap to large cap, quality to penny stocks, some stocks from leading business group are also set to trade ex-dividend in July 2023. Here we have highlighted 3 stocks from the conglomerate L&T group that are all set to trade ex-Dividend in July 2023. These 3 stocks are L&T Technology Services, L&T Finance Holdings, and LTIMindtree. Check below to know more:

1. L&T Technology Services Ltd.

The Board of Directors of L&T Technology Services Ltd. at their meeting held on Apr 26, 2023, recommended a final dividend of Rs. 30/share (i.e. 1,500 %) of face value of Rs 2 each for the financial year 2022-23. The recommended dividend is subject to approval of the shareholders of the Company.

On Jun 12, 2023, the Company fixed Friday, July 7, 2023, as the Record Date for the said Dividend.

L&T Technology Services is currently trading on BSE at Rs 3930 apiece, up 2.20% from its previous close. Its 52 week high is Rs 4316.75 apiece and 52 week low is Rs 2923.35 apiece.

The stock jumped 2.98% in the past 1 week. It gave 29.81% positive return in the past 1 year. It gave 206.16% positive return in 3 years and 223.49% in the past 5 years, respectively.

L&T Technology Services is a midcap company operating in the IT-Enabled Services sector. It has a market valuation of Rs 41,545.40 Crore.

2. L&T Finance Holdings Ltd.

The Board of Directors of L&T Finance Holdings Ltd. in a Board meeting held on Jun 08, 2023, recommended a final dividend of Rs 2/share of face value Rs 10 per share for the financial year 2022-23. The dividend is subject to approval of the shareholders of the company.

On Jun 30, 2023, the company fixed Friday, July 21, 2023, as the record date for said dividend.

The last traded share price of L&T Finance Holdings is Rs 127.70 apiece on BSE, up 3.40% compared to its previous close. It is trading 0.43% down from its 52-week high of Rs 128.25 apiece. Its 52-week low is Rs 66.40 apiece.

The stock jumped 8.27% in the last 1 week. It gave 88.91% positive return in the past 1 year, and 108.83% in the last 3 years, respectively. Whereas in the last 5 years, it gave 9.34% negative return.

L&T Finance Holdings is an RBI-registered NBFC that offers a diverse range of financial products and services. It is a midcap NBFC with a market capitalisation of Rs 31,669.21 Crore.

3. LTIMindtree Ltd.

The Board of Directors of LTIMindtree Ltd. on Apr 27, 2023, recommended a final dividend of Rs 40/share of Re 1 each for the financial year 2022-23. The said dividend is subject to approval of the shareholders.

On Jun 14, 2023, the Board announced the record date for the dividend as Monday, Ju 10, 2023.
The stock's current market price on BSE is Rs 5198.20 apiece. The stock is trading near its 52-week high of Rs 5360.65 apiece, Its 52-week low is Rs 3834 apiece.

The share of LTIMindtree surged 4.77% in the last 1 week. Shares jumped 30.72% in the last 1 year, 165.10% in the last 3 years and 211.12% in the last 5 years, respectively.

LTIMindtree is a large-cap company of L&T Group. It operates in the IT sector. It has a market valuation of Rs 1,53,807.13 Crore.

Disclaimer

The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.