Antique Stock expects Kansai Nerolac Paints to report 200 basis points year-on-year expansion in gross margin for the June quarter. Kansai Nerolac Paints will announce its June quarter results on August 3.
Stocks to Watch on Monday, July 3: Post the approval of the merger between HDFC Bank and HDFC, the trading window in HDFC Ltd will remain closed till July 13
On Monday 1972 stocks advanced, 1721 declined and 147remained unchanged, with an advance decline ratio of 1.14 on the Bombay Stock Exchange (BSE). Strong June GST collections, which increased by a healthy 12% to reach Rs1.61 lakh crore, and the recent monsoon that covered almost all parts of the country cheered investors and helped the market maintain its record-breaking momentum. Other macroeconomic data, such as the Manufacturing & Service PMI data from India and the US which will be released this week may have an impact on the markets.
Several corporate actions are scheduled for this week. Companies like Adani Enterprises, Mphasis, Biocon, Ashok Leyland, and Axis Bank will trade ex-dividend, while Kansai Nerolac Paints and Aptech will trade ex-bonus. The ex-dividend date is when the share price is adjusted for dividend payouts. Various companies such as ACC, Ambuja Cement, and Bharat Forge will also trade ex-dividend later in the week. Additionally, several companies have fixed dates for their right issues or ex-bonus trading.