Market barometers BSE Sensex and NSE Nifty 50 jumped on Friday backed by gains across sectors. Financial, IT and FMCG Sectors were some of the biggest contributors to the rise in both indices. The BSE Sensex closed in the green at 58833.87 points as it gained 0.10% or 59.15 points. Similarly, the Nifty 50 quoted 36.45 points or 0.21% higher at 17558.90 points on Friday’s closing bell. India VIX was at 19.57.

Some of the top gainers of Friday were Mazagon Dock Shipbuilders Ltd., Indo Count Industries Ltd., The New India Assurance Company Ltd., Just Dial Ltd. and Chambal Fertilisers & Chemicals Ltd. On the other hand, some of the top losers were KRBL Ltd., Tata Teleservices (Maharashtra) Ltd., APL Apollo Tubes Ltd., RattanIndia Enterprises Ltd. and Narayana Hrudayalaya Ltd.

On a provisional basis, FIIs were net sellers of ₹ 51.12 crores in the cash segment on August 26, 2022, while DIIs were net buyers of ₹ 453.59 crores in the cash segment as of the same date. Here are a few stocks that investors can watch for this week.

Adani Enterprises and New Delhi Television Limited (NDTV): Vishvapradhan Commercial (VCPL) an indirect subsidiary of Adani Enterprises has exercised certain warrants to acquire a 99.5 per cent shareholding in  RRPR holdings, a promoter company of NDTV.

This acquisition would mean that Adani Enterprises is indirectly acquiring control of NDTV since RRPR holds a 29.18 per cent stake in NDTV. VCPL, AMG Media Networks (AMNL) and Adani Enterprises will launch an open offer to acquire up to 26 per cent stake in NDTV.

Quarterly Results

The following companies are going to publish their results for the April to June quarter this week:

• August 29,  2022: Procter & Gamble Health Limited
• August 30, 2022: MMTC Limited
• August 31, 2022: SpiceJet Limited

Upcoming Dividends

The following companies will start trading ex-dividends this week:

Monday, August 29, 2022

• Data Patterns (India) Limited: Final dividend 175 % at ₹ 3.5 per share.
• IL&FS Investment Managers Limited: Final dividend 20 % at ₹ 0.4 per share.
• Ion Exchange (India) Limited: Final dividend 100% at ₹ 10 per share.
• Kama Holdings Limited: Interim dividend 820% at ₹ 82 per share.
• Metro Brands Limited: Final dividend 15% at 0.75 per share.
• RSWM Limited: Final dividend 250% at ₹ 25 per share.

Tuesday, August 30, 2022

• Benares Hotels Limited:  Final dividend 100% at ₹ 10 per share.
• Bengal & Assam Company Limited: Final dividend 150% at ₹ 15 per share.
• Heidelberg Cement India Limited: Final dividend 90% at ₹ 9 per share.
• Vedant Fashions Limited:  Final dividend 500% at ₹ 5 per share.

Thursday,  September 01, 2022

• Lakshmi Mills Company Limited: Final dividend 25% at ₹ 25 per share.
• Pilani Investment and Industries Corporation Limited: Final dividend 150% at ₹ 15 per share
• Power Finance Corporation Limited: Interim dividend 22.5% at ₹ 2.25 per share.

Friday, September 02, 2022

• AIA Engineering Limited:  Final dividend 450% at ₹ 9 per share.
• APL Apollo Tubes Limited: Final dividend 175% at ₹ 3.5 per share.
• TVS Srichakra Limited: Final dividend at ₹ 16.3 per share.

Bonus Issue

The shares of Atal Realtech Limited will start trading ex-bonus on September 02, 2022. The company will issue bonus shares in the ratio of 2:1.

Rights Issue

The shares of Gautam Gems Limited will start trading ex-right on September 01, 2022. The company will offer shares in the ratio of 4:1.

Stock Splits

The following shares will start trading ex-split this week:

• Kritika Wires Limited from August 29, 2022, Monday (₹ 10 to ₹ 2)
• Ritesh Properties & Industries Limited from September 01, 2022, Thursday (₹ 10 to ₹ 1)
• Savita Oil Technologies Limited  from September 01, 2022, Thursday (₹ 10 to ₹ 2)
• Dangee Drums Limited from September 06, 2022 (₹ 10 to ₹ 1)

Written by Simran Bafna

Disclaimer

The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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