Several Indian listed companies have recently announced dividend payouts, bonus issues, and stock splits, offering shareholders various benefits. The announcements come from a diverse range of sectors, including pharmaceuticals, electronics manufacturing, lubricants, minerals, and metals.

Key Dividend Announcements

Final Dividends

Among the companies declaring final dividends, some notable payouts include:

Interim Dividends

Several companies have also announced interim dividends:

Other Notable Companies

Other prominent companies that have announced dividend payouts include:

• Glenmark Pharmaceuticals Ltd.
• Dixon Technologies (India) Ltd.
• Hindustan Copper Ltd.

Additional Corporate Actions

• Godfrey Phillips India has announced a bonus issue in the ratio of 2:1 on September 16.
• GHV Infra Projects has declared a stock split in the ratio of 5:10 on September 16.

Dividend Eligibility

Investors must purchase shares before the ex-dividend date to be eligible for these dividend payments. This is particularly crucial under India's T+1 settlement cycle, which affects the timing of share ownership for dividend qualification. For the companies with record dates from September 22-26, investors should plan their purchases accordingly.

Investor Implications

These dividend announcements, bonus issues, and stock splits can be seen as positive signals for shareholders, indicating that these companies are in a position to share their profits or enhance stock liquidity. However, investors should consider the overall financial health and future prospects of a company, rather than basing investment decisions solely on these corporate actions.

For potential investors, these announcements might make these stocks more attractive, especially for those seeking regular income from their investments or looking for increased liquidity. However, it's crucial to conduct thorough research and possibly consult with financial advisors before making any investment decisions.

As always, market conditions and company performances can fluctuate, and past dividend payments are not guarantees of future payouts. Investors are encouraged to stay informed about company performances and broader market trends when managing their portfolios.

In a series of significant developments, several Indian listed companies have announced strategic moves and partnerships, highlighting the dynamic nature of the Indian corporate landscape.

Infosys Approves Massive Share Buyback

Infosys, a global leader in next-generation digital services and consulting, has made headlines with two major announcements. The company's Board of Directors has approved a substantial share buyback program and entered into a strategic alliance with HanesBrands Inc.

₹18,000 Crore Share Buyback

Infosys has approved a share buyback program worth ₹18,000 crore, representing 2.41% of the company's total paid-up equity share capital. The buyback will be executed at a price of ₹1,800 per equity share, with the company planning to repurchase 10,00,00,000 fully paid-up equity shares.

Key details of the buyback include:

The buyback is subject to shareholder approval through a special resolution via postal ballot and remote e-voting, as well as other necessary statutory approvals.

Strategic Alliance with HanesBrands Inc.

In addition to the buyback announcement, Infosys has entered into a ten-year strategic alliance with HanesBrands Inc., a global leader in everyday iconic apparel. This collaboration aims to drive innovation, efficiency, and agility across HanesBrands' IT landscape.

Key aspects of the alliance include:

• Deployment of Infosys' proprietary platforms, including the Live Enterprise Automation Platform (LEAP) and Infosys Topaz
• Utilization of generative AI and AIOps technologies
• Focus on modernizing core operations, enhancing agility, and simplifying HanesBrands' IT landscape

Scott Pleiman, Chief Strategy, Transformation, Analytics and Technology Officer at HanesBrands, emphasized the importance of this collaboration in evolving their operational model and leveraging AI-driven transformation.

Other Corporate Developments

Several other Indian companies have also announced significant moves:

• Lodha Developers: Signed an MoU with the Maharashtra government for a ₹30,000 crore investment to develop a green data centre park in Mumbai.

• Bharat Forge: Announced a strategic MoU with Windracers for UAV operations. Additionally, its arm Kalyani Strategic Systems signed a contract to supply howitzer barrels to the UAE.

• JSW Energy: Commissioned 317 MW of renewable capacity, increasing its total capacity to 13,097 MW.

• NBCC: Signed an MoU with RIICO for projects worth ₹3,700 crore.

• Marico: Agreed to acquire the remaining 46.02% stake in HW Wellness Solution.

• HFCL: Received approval for 1,000 acres land allotment in Andhra Pradesh for defence manufacturing.

Market Movements and Technical Breakouts

The Nifty gained for the eighth consecutive session with broader markets set for weekly gains. Several stocks broke key technical levels amid heavy trading volumes:

1. Themis Medicare: Hit a 20% upper circuit, marking its biggest single-day gain since June 2021. The stock broke above its 50-day moving average of ₹111, despite being down 53% year-to-date.

2. Punjab Chemicals & Crop Protection: Rose for the fourth straight day, gaining over 14% and breaking above its 100-day moving average at ₹1,184. The stock has year-to-date gains of 17%.

3. Sigachi Industries: Extended gains to 35% over four days, trading near its 100-day moving average of ₹42.4.

4. JBM Auto: Gained in five of the last six sessions following its subsidiary's $100 million investment from IFC for e-buses. The stock is approaching its 200-day moving average of ₹677 and has reduced year-to-date losses to 11%.

All these stocks showed significantly higher trading volumes compared to their 20-day averages.

IPO Market Activity

The Indian IPO market continues to show robust activity:

These IPOs are in their final day of subscription, indicating strong investor interest in the primary market.

The flurry of corporate activities across various sectors underscores the vibrant and dynamic nature of the Indian business landscape, with companies actively pursuing growth, strategic partnerships, and capital market opportunities.