Several prominent companies are set to undertake significant corporate actions this week, including dividend payouts and a stock split. Here's a breakdown of the key events:

Dividend Announcements

Infosys has declared an interim dividend of Rs 23.00 per equity share, potentially disbursing up to Rs 9,554.00 crore to eligible shareholders. Meanwhile, 360 One WAM has announced a second interim dividend of Rs 6.00 per equity share, which will distribute nearly Rs 242.54 crore.

All three companies—Infosys, 360 One WAM, and L&T Technology Services—have set October 27 as their record date. Consequently, they will trade ex-dividend on the same day. It's important to note that under India's T+1 settlement system, shareholders must own the stocks before the ex-dividend date to qualify for the dividends.

Stock Split

KSE has announced a stock split, which will be implemented on October 28. The split will change the face value of shares from Rs 10.00 per share to Re 1.00 per share.

Other Corporate Actions

Two companies have announced business spin-offs scheduled for October 31:

• Dalmia Bharat Sugar and Industries
• Modern Insulators

Additionally, amalgamation actions are set to take place on October 28 for:

• Dhani Services
• Indiabulls Enterprises

These corporate actions, particularly the dividend payouts and stock split, are likely to attract investor attention. Shareholders of the respective companies should take note of the record dates to ensure they are eligible for the announced benefits.

Reliance Industries Limited (RIL) and UltraTech Cement have reported robust financial results for the second quarter, showcasing strong growth in their respective sectors.

Reliance Industries' Q2 Performance

Reliance Industries, India's largest private sector company, has reported impressive consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q2:

The company's EBITDA performance marginally exceeded brokerage estimates of ₹455.00 billion, indicating strong operational efficiency across its diverse business segments.

UltraTech Cement's Volume Growth

UltraTech Cement, India's largest cement manufacturer, has also reported significant growth in its Q2 volumes:

The substantial difference between like-to-like and reported growth suggests that UltraTech Cement may have gained market share during the quarter.

Upcoming Q2 Results

More than 30 companies are scheduled to announce their quarterly results this week, with fewer firms reporting due to Diwali festivities causing market closures. Key companies announcing results include:

• Hindustan Unilever on October 23, which will also consider an interim dividend proposal
• SBI Cards and Payment Services on October 24
• Coforge on October 24, which may announce a second interim dividend

Other notable companies reporting include Colgate Palmolive India, Dr Reddy's Laboratories, ITC Hotels, and Kotak Mahindra Bank. Several companies have scheduled earnings calls with investors and analysts.

Additional Q2 Performance Updates

In related quarterly performance updates:

• Oberoi Realty registered presales of ₹13 billion
• Dalmia Bharat saw 3% volume growth with unit EBITDA at ₹1,009/mt
• Metro Brands achieved 11.2% topline growth to ₹6.51 billion

Sector Implications

The strong performance of industry leaders provides insights into the broader economic landscape:

Oil & Gas Sector

RIL's EBITDA growth indicates a robust performance in its core businesses, which include oil refining and petrochemicals.

Construction and Infrastructure

UltraTech's volume growth reflects healthy demand in the construction sector, potentially signaling increased infrastructure development and real estate activity.

Market Leadership

Both companies' results suggest they are maintaining or potentially expanding their market leadership positions in their respective industries.

The Q2 results from Reliance Industries and UltraTech Cement paint a positive picture of India's industrial and infrastructure sectors. As these companies continue to outperform expectations, they may contribute significantly to India's economic growth trajectory in the coming quarters. The upcoming results from other major companies will provide further insights into the overall economic health of various sectors in India.