Dividend Stocks: Shares of several companies, including Natco Pharma, NMDC, Birla Precision Technologies, among others will others will trade ex-dividend in the coming week, starting from Monday, February 26. Some other companies will also trade ex-bonus and ex-split in the coming week.
The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all shareholders whose names appear on the company's list by the end of the record date.
Buy or sell stocks: After showing an excellent upside recovery from the lows on Thursday, the Indian stock market shifted into a range-bound action for the whole session on Friday and closed in the red territory. The Nifty 50 index went off 4 points and closed at the 22,212 level, the BSE Sensex slipped 15 points and ended at the 73,142 mark while the Bank Nifty index lost 108 points and finished at 46,811 level.
After opening on a positive note, the Nifty 50 index was not able to sustain the opening gains and slipped into minor weakness amidst a range movement in the early part and later this sideways movement continued for the whole session. A new all-time high was formed at 22,297 levels and the 50 stock index closed near the lows.
Sumeet Bagadia, Executive Director at Choice Broking believes that the Nifty 50 index went past the crucial 22,000 level decisively in the week gone by. The Choice Broking expert went on to add that overall Indian stock market sentiment is positive. Bagadia advised a 'buy on dips' strategy till the 50-stock index is above the 21,800 mark.
On stocks to buy on Monday, Sumeet Bagadia recommended three shares to buy on Monday — Dr. Reddy's Laboratories, Mahindra & Mahindra (M&M), and Reliance Industries Limited or RIL.
Copyright © Batbricks7© 2020