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Business Standard
22-05-2025
- Business
- Business Standard
Dividend stocks: LTIMindtree, CMS Info, 4 others to remain in focus today
Dividend stocks today, Thursday, May 22, 2025: Shares of CMS Info Systems, Havells India, LTIMindtree, Himadri Speciality Chemical, Keystone Realtors, and Sula Vineyards are expected to remain in spotlight during today's trading session following their announcement of dividend rewards for their shareholders. A dividend is often regarded as a form of passive income, representing a portion of a company's profits shared with shareholders as a reward for their investment. As per the data available on the BSE, shares of these companies are slated to trade ex-dividend tomorrow, Friday, May 23, 2025. The ex-date refers to the day a stock begins trading without entitlement to the dividend, meaning investors must own the stock before this date to receive the payout. The companies, however, finalise the eligible shareholders based on their records as of the record date. Among the dividend-paying companies, LTIMindtree has declared the highest dividend payout, announcing a final dividend of ₹45 per share, with both the ex-dividend and record date fixed on May 23, 2025. CMS Info Systems has also made headlines by announcing two separate dividends, a special dividend of ₹3 per share and a final dividend of ₹3.25 per share. The company has set the record date for both of the announcements as May 23, 2025. Meanwhile, Havells India has declared a final dividend of ₹6 per share, but with a record date of May 25, 2025. Himadri Speciality Chemical has announced a dividend of ₹0.60 per share, while Keystone Realtors declared a final dividend of ₹1.50 per share. Sula Vineyards joins the list with a final dividend of ₹3.60 per share. All three of these companies have set the record date as May 23, 2025 to ascertain shareholder eligibility for their respective corporate actions. Company Ex-date Purpose Record Date CMS Info Systems May 23, 2025 Special Dividend - ₹3 May 23, 2025 CMS Info Systems May 23, 2025 Final Dividend - ₹3.250 May 23, 2025 Havells India May 23, 2025 Final Dividend - ₹6 May 25, 2025 Himadri Speciality Chemical May 23, 2025 Dividend - ₹0.60 May 23, 2025 LTIMindtree May 23, 2025 Final Dividend - ₹45 May 23, 2025 Keystone Realtors May 23, 2025 Final Dividend - ₹1.50 May 23, 2025 Sula Vineyards May 23, 2025 Final Dividend - ₹3.60 May 23, 2025
Mint
17-05-2025
- Business
- Mint
Dividend Stocks: Ashok Leyland, Havells India, LTIMindtree, among others to trade ex-dividend next week; Full list
Dividend Stocks: Shares of major firms, including Ashok Leyland, Havells India, LTIMindtree, Emami, and GM Breweries, are among others that will trade ex-dividend in the week starting Monday, May 19, 2025. The ex-dividend date is when the equity share price adjusts to reflect the next dividend payout. This day, the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. The dividend issue will be payable to all the shareholders whose names appear on the company's list by the end of the record date. According to BSE data, many companies also announced other corporate actions, including a stock split. Odyssey Technologies Ltd will declare a final dividend of Re 1 per share on Wednesday, May 21, 2025. Page Industries Ltd will declare an interim dividend of ₹ 200 per share on Wednesday, May 21, 2025. Ashok Leyland Ltd will declare an interim dividend of ₹ 4.25 per share on Thursday, May 22, 2025. Emami Ltd will declare a special dividend of ₹ 2 per share on Thursday, May 22, 2025. GM Breweries Ltd will declare a final dividend of ₹ 7.5 per share on Thursday, May 22, 2025. Havells India Ltd will declare a final dividend of ₹ 6 per share on Friday, May 23, 2025. LTIMindtree Ltd will declare a final dividend of ₹ 45 per share on Friday, May 23, 2025. Keystone Realtors Ltd will declare a final dividend of ₹ 1.5 per share on Friday, May 23, 2025. Sula Vineyards Ltd will declare a final dividend of ₹ 3.6 per share on Friday, May 23, 2025. Colab Platforms Ltd will undergo a stock split from ₹ 2 to Re 1. Shares will trade ex-split on Wednesday, May 21, 2025. A stock split is a corporate action that occurs when a company issues additional shares to shareholders to boost liquidity. The total number of shares issued is increased by a specified ratio based on previously held shares. However, if the number of shares outstanding increases by a specific multiple, the total value (in rupees) of all shares outstanding remains the same because a split does not change the company's value. Most common split ratios are 2-for-1 or 3-for-1 (marked as 2:1 or 3:1). For every share held before the split, each stockholder will have two or three shares, respectively, after the split. IndiGrid Infrastructure Trust: Income Distribution (InvIT) on Tuesday, May 20, 2025. Zodiac-JRD-MKJ Ltd: Right Issue of Equity Shares on Wednesday, May 21, 2025. Aditya Birla Fashion and Retail Ltd: Spin-off of shares on Thursday, May 22, 2025. Dhampur Sugar Mills Ltd: Buyback of shares on Friday, May 23, 2025. Himalaya Food International Ltd: Right Issue of Equity Shares on Friday, May 23, 2025. Interise Trust: Income Distribution (InvIT) on Friday, May 23, 2025. Purple Finance Ltd: Right Issue of Equity Shares on Friday, May 23, 2025. SEPC Ltd: Right Issue of Equity Shares on Friday, May 23, 2025. Viksit Engineering Ltd: Resolution Plan Suspension on Friday, May 23, 2025. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Reuters
12-05-2025
- Business
- Reuters
Indian appliances maker Bajaj Electricals' profit doubles on one-time gain, strong demand
May 12 (Reuters) - India's Bajaj Electricals ( opens new tab reported a 101.5% jump in fourth-quarter profit on Monday, helped by a one-time income and strong demand for its home appliances, which range from air coolers to LED lights. The company's consolidated net profit rose to 590.5 million rupees ($6.95 million) in the quarter ended March 31, from 293.1 million rupees a year ago. Its bottom-line was also boosted by a 213.7 million rupees one-off gain, which includes the proceeds from liquidation of some properties. Its revenue from operations increased 6.5% to 12.65 billion rupees. Shares of Bajaj Electricals surged 13.9% after posting results and approving a 5 billion rupees fund raise. The fourth quarter was strong for consumer durables makers, driven by an early summer in India and demand for products like air coolers, refrigerators, and fans, analysts said. Peers Havells India ( opens new tab and Orient Electric ( opens new tab both posted upbeat results, buoyed by strong demand for cooling appliances. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JAN-MAR STOCK PERFORMANCE -- All data from LSEG ($1 = 84.9050 Indian rupees)
Time of India
28-04-2025
- Business
- Time of India
JM Financial maintains Buy on Havells India, target price unchanged at Rs 1,900
JM Financial has maintained a buy call on Havells India with an unchanged target price of Rs 1,900. The current market price of Havells India is Rs 1595. The time period given by the analyst is a year when Havells India price can reach the defined target. Havells India, incorporated in 1983, is a Large Cap company with a market cap of Rs 100599.07 crore, operating in the Consumer Durables sector. Havells India's key products/revenue segments include Cables, Traded Goods, Electrical Consumer Durables, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 6612.28 crore, up 33.49% from last quarter Total Income of Rs 4953.31 crore and up 19.84% from last year same quarter Total Income of Rs 5517.77 crore. The company has reported net profit after tax of Rs 517.00 crore in the latest quarter. The company's top management includes Rai Gupta, Ashwin Dani, Kumar Sinha, Mehra, Mr.B Prasada Rao, Kaul, Bharat Ram, Mr.T V Mohandas Pai, Bhatia, Kumar Gupta, Pandit, Kumar Gupta, Kumar Gupta, S Mundra. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditors. As on 31-03-2025, the company has a total of 63 Crore shares outstanding. Live Events Investment Rationale JM Financial values Havells India at P/E of 50x on FY27 EPS based on its strong brand, distribution, in-house manufacturing, fresh investments in team + brand + distribution, opening up of export opportunity, market share gain, strong balance sheet and improved ratios. Lloyd is expected to drive growth with the company focussing on brand building, ramping up distribution and strong R&D efforts and the brokerage expects a strong performance in the Wires and Cables segment led by robust demand momentum and opportunity opening up in exports. Promoter/FII Holdings Promoters held 59.41 per cent stake in the company as of 31-Mar-2025, while FIIs owned 22.31 per cent, DIIs 12.48 per cent.
Time of India
25-04-2025
- Business
- Time of India
Orient Electric Q4 Results: Posts quarterly profit rise on strong demand
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Home appliances maker Orient Electric posted an over two-fold rise in fourth-quarter profit on Friday, helped by strong demand for its fans and air coolers with the onset of company's profit rose to 312.6 million rupees ($3.66 million) in the quarter ended March 31, from 128 million rupees a year ago. Revenue from operations grew 9.4% to 8.62 billion rupees during the further earnings highlights, clickThe fourth quarter was strong for consumer durables makers, driven by an early summer in India and channel filling for products like air coolers, refrigerators, and fans, according to saw above-average temperatures from January to March, with both days and nights warmer than normal across most saw solid demand from summer stocking, with companies implementing modest price from Orient Electric's consumer durables segment, which includes fans, air coolers, and kitchen appliances, rose 7.9% in the quarter. The segment remains its main revenue (next 12 Estimates (next 12 Analysts' sentiment months) months)RIC PE EV/EBI Price/ Revenue Profit Mean No. of Stock to Div TDA Sales growth (%) growth rating* analyst price yield (%) s target** (%)Orient Electric 37.49 18.49 1.29 12.85 57.76 Buy 13 0.87 0.64 Havells India 54.85 37.13 4.16 13.96 20.24 Buy 24 0.89 0.62 Polycab India 36.08 24.90 2.90 17.40 21.27 Buy 25 0.85 0.53 Crompton Greaves 32.17 21.54 2.26 15.36 23.68 Buy 31 0.75 0.87* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PTJANUARY- MARCH STOCK PERFORMANCE-- All data from LSEG-- $1 = 85.4400 Indian rupees
