Bajaj Auto, Tata Power among 13 companies to trade ex-dividend on Friday. Last chance to buy!
The shares of
Bajaj Auto
,
Tata Power
, and
HDFC Life Insurance
will start trading on an ex-dividend basis from Friday, June 20, which makes today the last day to buy the shares of these companies to qualify for the dividends.
The record date is the cut-off date set by the company to determine which shareholders are eligible to receive the dividend. If you are a shareholder on the record date, you will receive the dividend, regardless of when you purchased the shares.
Meanwhile, the ex-date (or ex-dividend date) is the first day a stock trades without the dividend. On or after this date, new buyers of the stock will not be entitled to the upcoming dividend. The ex-date is typically set one business day before the record date.
Under the T+1 settlement system, applicable in Indian equity markets, trades are settled one working day after the transaction date. Therefore, investors must buy shares by June 19, for the transaction to be settled and reflected in their demat accounts by the record date.
Bajaj Auto
Live Events
Shares of Bajaj Auto will start trading ex-bonus on Friday, June 20 for its Rs 210 per share dividend, which means that today is the last day for investors to purchase Bajaj Auto shares and remain eligible to receive the said dividend.
'Pursuant to Regulation 42 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the Company has fixed Friday, 20 June 2025 as the record date for determining entitlement of members to dividends for the financial year ended 31 March 2025,' the company said in a previous filing to the stock exchanges.
The payment of the said dividend will be made on August 8.
The shares of Bajaj Auto were trading flat at Rs 8,507.65 on the
BSE
at around 10 am today.
Also read:
India a great place to invest; it is expensive because you are paying for long-term growth: Deepak Shenoy
Tata Power
The board of Tata Power announced a final dividend of Rs 2.25 per share for its eligible shareholders, fixing June 20 as the record date.
'The Board has recommended a final dividend of Rs 2.25 per Equity Share of Rs 1 each (@ 225%) to the members for the financial year ending March 31, 2025,' the company informed.
'If approved by the members at the AGM, will be paid, subject to deduction of tax at source, on and from Monday, July 7, 2025 as under: i. to all beneficial owners in respect of shares held in electronic form as per the data as may be made available by depositories at the close of business hours on Friday June 20, 2025,' the exchange filing further read.
Around 10 am today, the shares of Tata Power were trading 0.5% lower at Rs 391.35 on the BSE.
Here is a list of other companies that will start trading ex-dividend from Friday:
Bank of India
– Final dividend of Rs 4.05 per share (40.5%)
Greenlam Industries
– Final dividend of Rs 0.4 per share (40%)
HDFC Life Insurance – Final dividend of Rs 2.1 per share (21%)
Mawana Sugars
– Final dividend of Rs 1 per share (10%)
Punjab National Bank
– Final dividend of Rs 2.9 per share (145%)
Rossari Biotech
– Final dividend of Rs 0.5 per share (25%)
Solitaire Machine Tools
– Final dividend of Rs 2 per share (20%)
Supreme Industries
– Final dividend of Rs 24 per share (1200%)
Swastika Investmart
– Final dividend of Rs 0.6 per share (30%)
Torrent Pharmaceuticals
– Final dividend of Rs 6 per share (120%)
Transcorp International
– Final dividend of Rs 0.3 per share (15%)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
31 minutes ago
- India.com
Israel Iran war: What does India import from Iran? THESE kitchen essentials may get costlier if war escalates
Tensions between Iran and Israel are at their highest peak right now. Both countries are attacking each other with missiles and drones and it seems like a full-fledge war could break out at any time. Thoight India may not be directly involved in the Iran-Israel conflict, but its economy could suffer if things get worse. Therefore, it's important to understand how it might impact India. India has trade relations with both Iran and Israel. This means India buys and sells many goods to and from both countries. So, if war breaks out between them, it will not create problem for the Middle East but India could also feel the heat, especially in terms of prices and supply disruptions. What India buys from Iran In the past, Iran was one of the biggest suppliers of crude oil to India. But after US sanctions in 2019, India stopped importing oil from Iran. However, India imports liquefied petroleum gas (LPG) and liquefied natural gas (LNG) from Iran, the fuels used in homes and industries. India also imports dry fruits like almonds, pistachios, and dates from Iran. Along with that, Iranian saffron is considered one of the best in the world, India imports that too. Vegetable products such as gums, resins and lacquers are also imported. Iran is also famous for its handmade carpets and handicrafts. Besides this, India imports methanol, petroleum bitumen, and other chemicals from Iran, which are used in industries and construction work. It also imports Salt, sulphur, clay, stone, plaster, lime and cement. What India sells to Iran Iran is one of the biggest buyers of Indian Basmati, having purchased over 8.55 lakh metric tonnes in 2024–25, worth nearly Rs. 6,374 crore. In strong trade years, Iran has made up 30 to 35 per cent of all Basmati exports from India. On the other hand, India exports several important items to Iran including basmati rice, tea, sugar, medicines, and machinery. Rice (Basmati), tea, sugar, and fresh fruits are significant export items. A notable quantity of drugs and pharmaceuticals are also exported to Iran. India exports various types of machinery, electrical machinery, and electronic equipment to Iran. Artificial jewelry, rubber products, and certain chemicals are also part of the export basket. Processed minerals are another category of goods that India exports to Iran. What could go wrong if war breaks out If the conflict between Iran and Israel turns into a full-blown war, global oil prices could shoot up. That would directly affect India, since we import most of our crude oil from other countries. This could make petrol and diesel more expensive, and when fuel prices go up, the cost of transporting goods also rises. This would lead to higher prices for food, groceries, and daily essentials. In short, even though the war would be happening far away, its impact could be felt in every Indian household through higher inflation and supply shortages.
New Indian Express
31 minutes ago
- New Indian Express
Crude surge, rupee fall may hit India's forex reserves
NEW DELHI: If the conflict in West Asia persists, India's foreign exchange reserves could face pressure as two adverse external dynamics converge: a sustained rise in Brent crude prices and continued depreciation of the rupee. Brent crude, the benchmark for India's oil imports, has climbed in recent weeks, driven by escalating tensions between Iran and Israel. Fears of a wider regional conflagration - especially one that disrupts the Strait of Hormuz, through which nearly 20% of global crude flows - have triggered speculative surges in global oil markets. Although intermittent diplomatic efforts have helped temper price spikes, Brent remains significantly elevated by recent standards. For India, which relies on imports for over 85% of its crude oil needs, such volatility is particularly consequential. The situation is further compounded by the rupee's depreciation. Between June 2 and 19, the currency fell from Rs 85.35 to Rs 86.84 per US dollar—a 1.75% decline. While seemingly modest, the effect is magnified in the context of dollar-priced oil. When both crude prices and the rupee move unfavourably, the impact on import bill is considerable. Estimates suggest that each Rs 1 drop in the rupee's value could raise the annual oil import burden by Rs 8,000–10,000 crore, assuming stable import volumes and crude benchmarks. These pressures extend beyond the external sector. Higher crude prices typically lead to increased fuel costs, which in turn raise transport and logistics expenses, pushing up inflation. Although retail fuel prices have so far remained unchanged, public sector oil marketing companies are reportedly absorbing the excess cost—a measure that cannot be sustained indefinitely without weakening their financial health.
Time of India
34 minutes ago
- Time of India
India to become fourth-largest EV producer by 2030: Report
India's electric four-wheeler manufacturing capacity is projected to grow tenfold to 2.5 million units by 2030, from 0.2 million units currently, according to new research by Rhodium Group. This expansion would make India the fourth-largest electric vehicle (EV) producer globally, following China, the European Union, and the United States. The report, part of Rhodium's Global Clean Investment Monitor , notes that India's manufacturing capacity is expected to exceed domestic demand by 1.1–2.1 million units over the next five years. The report suggests this surplus may create an opportunity for exports but also cautions that Indian automakers will need to reduce costs to compete with Chinese manufacturers. 'This far exceeds India's projected 2030 EV demand (which likely reaches anywhere from 430,000 to 1.4 million vehicles depending on the pace of policy and battery costs), suggesting the potential for future exports,' Rhodium said. 'This push aligns with the government's strategy to ' Make in India for the world ', but Indian companies will need to drive down costs if they want to compete with exports from China.' Domestic sales and global rankings India's domestic EV car demand is projected to reach between 430,000 and 1.4 million units by 2030, up from around 100,000 in 2024. With total car sales currently estimated at 6 million units, this implies an EV penetration rate of 7–23 per cent in the passenger vehicle segment. In the last financial year, domestic manufacturers Tata Motors, MG Motor, and Mahindra accounted for nearly 90 per cent of EV sales, based on Vahan dashboard data. India's projected capacity of 2.5 million units by 2030 will follow China's 29 million, the EU's 9 million, and the US's 6 million units. Rhodium's report notes that India will lead all other countries outside of these three markets, surpassing Japan and South Korea in anticipated production capacity. Japan and South Korea currently have operational capacities of 1.1 million and 500,000 units respectively. Their 2030 capacity is expected to reach 1.4 million and 1.9 million units, respectively. Policy approach and battery production Rhodium Group notes that India's EV sector growth is being shaped by a combination of industrial policy, market incentives, and trade protection measures. Consumer subsidies are linked to localisation requirements, and incentives have been provided to manufacturers of EV components and advanced batteries. India has also introduced measures to expand charging infrastructure. To protect local production, India maintains import tariffs of 70–100 per cent on fully built EVs. 'This protective stance has helped domestic production grow but also limits consumer choice and raises costs. Nearly 100 per cent of India's EV manufacturing is for its domestic market,' the report added. The report also highlights India's position in battery module manufacturing, noting that the country is set to become the largest module producer outside China, the US, and Europe. While cell production capacity will still trail major markets such as China, Europe, the US, and Canada by 2030, it is projected to exceed that of South Korea, Malaysia, Japan, and others. India's EV penetration rate stood at 2 per cent in 2024. In comparison, Vietnam's rate rose from 3 per cent in 2022 to 17 per cent in 2024, led by local automaker VinFast.
