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Market Buzz: Dividends, Splits, Demergers Heat Up December Trading
1 Dec
Summary
- Engineers India has a record date of December 4 for its interim dividend.
- CAMS will undergo a stock split, dividing one share into five.
- HUL's ice cream business demerger record date is December 5.
The initial week of December is poised to be dynamic for India's stock markets, driven by a series of corporate actions. Investors should monitor companies like Engineers India, which has set December 4 as the record date for its interim dividend payout of ₹1 per share.
CAMS, a capital markets firm, is scheduled for its first-ever stock split on December 5, consolidating five ₹2 shares from a single ₹10 share. Meanwhile, Hindustan Unilever's demerger of its ice cream division is also effective from December 5, with the demerged entity, Kwality Walls Ltd., to be included in the Nifty 50 index.
These corporate events, alongside other market influences like auto sales and RBI policy, are expected to shape trading activity. While Engineers India shares have seen a 7% increase year-to-date and HUL has gained 6.3%, CAMS shares have experienced a notable decline of 24% in the same period.
