Benchmark indices closed higher on Friday. Sensex surged over 502 points, or 0.77% to close at 66,060.90 and Nifty50 gained 150.75 points, or 0.78% to end at 19,564.50.
stocks in focus next week
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said," The controlled inflation in the US has instilled optimism among investors that a 25-bps rate hike would be adequate to stabilise the US economy. This improved prospect has contributed to the strong buying of Indian IT stocks despite muted Q1 earnings. Furthermore, the broad-based rally in the domestic market was supported by India's consecutive third month decrease in wholesale prices, along with the positive involvement of FIIs."
The record date for rights issue of the firm is on July 17, 2023. The firm is undertaking a rights issue of equity shares to raise capital to augment the capital base. The issue will be open from July 25 2023 to August 8, 2023.
Shares of Lloyds Steels Industries will turn ex-dividend on July 17, 2023. The firm declared a final dividend of Rs 0.1000 per share during the Q4 and annual earnings announcement.
Shares of DCM Shriram will turn ex-dividend on July 18, 2023. The firm declared a final dividend of Rs 3.6 per share during the Q4 and annual earnings announcement.
Shares of Anmol India will turn ex-bonus on July 18, 2023. The firm has declared a bonus issue in the ratio of 4:1. The record date of the bonus issue is also July 18.
Shares of Poonawalla Fincorp will turn ex-dividend on July 18, 2023. The firm declared a final dividend of Rs 2 per share during the Q4 and annual earnings announcement.
Shares of Blue Dart Express will turn ex-dividend on July 19, 2023. The firm declared a final dividend of Rs 30 per share during the Q4 and annual earnings announcement.
Shares of Tejnaksh Healthcare will trade ex-split from July 19. The healthcare firm announced stock split in the ratio of 1:2 in May this year.
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