Mastek, Meghmani Finechem, Thangamayil Jewellery, Tata Chemicals, and Automobile Corp of Goa to turn ex-dividend

Mastek, Meghmani Finechem, Thangamayil Jewellery, DCM Shriram and Automobile Corporation of Goa are five stocks that will turn ex-dividend today. Britannia Industries, Ashok Leyland, Tata Chemicals, Jubilant FoodWorks, Ajanta Pharma, Redington India and Sundram Fasteners are among the companies that are expected to report their December quarter results later in the day. The boards of PH Capital, IDFC, Mas Financial Services and Gillette India will consider interim dividend payments, along with their quarterly results.

Mastek would be ex-dividend today. Mastek has announced an interim dividend of 7 per share. Today is also the record date for the same. The dividend will be paid on February 16.

The shares of Meghmani Finechem will be ex-dividend today. Meghmani Finechem has announced an interim dividend of Rs 2.50 per share. Today is the ex-date and record date for the same. The dividend will be paid on February 8.

The Automobile Corpoation of Goa would turn ex-dividend today. The interim dividend of Rs 2.50 per share was announced by this Tata group company. Today is the record date for the same. The dividend will be paid on February 15.

HDFC Securities said that the FMCG major may see an increase in revenues by 18 per cent YoY, with a volume growth of 7 per cent. It sees the Ebitda surge 27 per cent YoY, with the Ebitda margin expanding 100 bps YoY to 16.3 per cent. Profit was up 30.4 per cent YoY to Rs 480 crore.

Ashok Leyland, the company reported a volume growth of 5 per cent sequentially and 40 per cent YoY, led by strong demand tailwinds in MHCV volume and traction in LCVs. Nirmal Bang the auto major's average selling price ASP is expected to improve 15 per cent YoY.

It expects the company to report an Ebitda margin of 8 per cent compared to 6.5 per cent in Q2 FY 23 as a result of operating leverage benefits, price hikes and moderating RM prices.