Several Indian companies will trade ex-dividend this week, including L&T, Crisil, Coforge, Maruti Suzuki, and Kotak Mahindra Bank. Ex-dividend is when the equity-share price of a company is adjusted for the dividend payout, occurring one or two working days before the record date. The record date lists all shareholders that will qualify for dividends by the record s end.
Till the index firmly withholds the pivotal support of 19,500, there is no sign of caution in the market. While on the higher end, 19,800-20,000 holds stiff resistance and a decisive move beyond which could trigger the next leg of rally
Chemical stocks have struggled in the recent market rally but, unlike the underperforming IT sector where a section of the market feels it is time to start looking for bargains, investors aren’t sticking their neck out in the chemicals space yet
The domestic indices were dragged by technology and consumer goods shares. The 30-share BSE Sensex pack fell 40 points or 0.06 per cent to trade at 66,345, while the broader NSE Nifty moved 5 points or 0.02 per cent down to trade at 19,668.
Meanwhile, revenue for the company decreased 23% to Rs 475 crore in the April-June quarter as compared with the same period a year before. Revenues for the company have fallen due to lower volumes in Europe and LATAM regions on account of high inflation, ongoing recession, and adverse weather conditions.