Indian Stock Market Gears Up for a Week of Corporate Actions: Bonuses, Dividends, and Splits in Focus

The Indian stock market is set for an eventful week, with a flurry of corporate actions including bonus issues, dividend payouts, and stock splits anticipated to keep investors busy. Several companies have announced significant developments that will impact shareholder value and trading activity in the coming days. Here's a closer look at some of the key highlights:

Power Grid Corporation of India:

Power Grid Corporation of India, a major player in the power transmission sector, will turn ex-dividend on November 10 for an interim dividend of ₹4.50 per share. The record date for determining eligible shareholders is also November 10. The company has a history of rewarding shareholders with bonuses, having issued bonus shares twice since July 2021, most recently in a 1:3 ratio in September 2023.

Godfrey Phillips India:

Godfrey Phillips India, a leading FMCG and tobacco company, has declared an interim dividend of ₹17 per share. The ex-date is December 1, 2025, and the record date is set for November 10, 2025. Investors holding shares as of this date will be eligible for the dividend, which will be disbursed within 30 days of the declaration. This dividend follows a final dividend of ₹60 per share in August 2025 and a bonus issue in a 2:1 ratio in September 2025, demonstrating the company's commitment to rewarding shareholders. The company's consistent dividend history makes it a reliable investment choice within its sector.

Garden Reach Shipbuilders & Engineers:

While there's no recent news of a stock split for Garden Reach Shipbuilders & Engineers, the company remains in focus due to its strong order book and expansion plans. The company's current order book stands at ₹21,700 crore as of June 2025. Negotiations are underway for the Next Generation Corvette Project, estimated at ₹25,000 crore, with a final award expected by December 2025 or FY26-end. The company is expanding its shipbuilding capacity and is also planning a new shipbuilding facility in West Bengal and a new shipyard on India's east or west coast.

Other Corporate Actions:

Several other companies are also set to undergo corporate actions this week:

• Sampre Nutritions: The company will undergo a stock split, reducing the face value from ₹10 to ₹5. It will also trade ex-bonus for a 1:1 bonus issue on November 14.
• SMC Global Securities Ltd: The company will turn ex-date on November 14 for its 1:1 bonus issue.
• Astral Ltd: Astral Ltd will turn ex-date on November 11 for dividend of Rs 1.50 per share.

Market Volatility and Expert Advice:

The Indian stock market has been experiencing volatility, influenced by global cues and foreign fund outflows. Ajit Mishra from Religare Broking Ltd. suggests that markets are likely to remain volatile in the near term. He recommends traders adopt a stock-specific approach, focusing on sectors like banking, auto, and select metal counters. Investors should focus on earnings quality and realign their portfolios based on company fundamentals and long-term growth prospects.

Overall Market Sentiment:

Despite recent declines, optimism surrounding progress in India-US trade talks may provide some underlying support. Investors are advised to stay informed about economic and earnings data and consult with financial advisors before making investment decisions.