Five stocks, namely Gillette India, Greenpanel Industries, Orient Electric, India Motor Parts Accessories and QGO Finance, will be ex-dividend on Thursday. Shares of Raj Oil Mills will turn their ex-rights today. Companies such as LIC, Adani Total Gas, Hindalco Industries, Zomato, IRCTC, Hindustan Aeronautics, Page Industries, HPCL, Lupin and United Breweries will announce their quarterly results later in the day.
The shares of Gillette India would turn out to be ex-dividend today. An interim dividend of 35 per share was announced by Gillette India. Today is the record date for the same. The dividend will be paid on February 28.
Shares of Greenpanel Industries would turn ex-dividend today. Greenpanel Industries has an interim dividend of 1.50 per share. The record date for the same is February 6, Monday, and the dividend will be paid on March 1.
Orient Electric shares would turn ex-dividend today. An interim dividend of Re 0.75 per share was announced by Orient Electric. Today is also the record date for the same. The dividend will be paid on March 1. India Motor Parts Rs 9 per share dividend and QGO Finance Re 0.10 per share dividend will be ex-dividend today.
Thursday is the record date for the purpose of determining the equity shareholders entitled to receive rights in the rights issue.
Emkay Global sees LIC's profit at Rs 4,580. In the year-ago quarter, 80 crore were lost in the year-ago quarter against 234.90 crore. It sees APE's annual premium equivalent at Rs 13683 crore and the value of new business VNB at Rs 1,965. The VNB margin was 14.4 per cent and 20 crore.
In December quarter, JM FInancial expects to see 1 per cent growth in food delivery gross order value GOV as a result of inflationary pressures on discretionary spends, increase in dine-in consumption and discontinuation of Zomato Pro Plus loyalty programme. The brokerage said that Blinkit GOV should see low-teens QoQ growth due to improvement in order throughput of dark stores.