After a buying and selling vacation on Tuesday for Mahashivratri, Dalal Avenue will likely be again in motion on Wednesday, February 27. A few shares are set to commerce ex-date as quickly because the opening bell on Thursday. Metal Metropolis Securities (STEELCITY) will commerce ex-dividend whereas Shri Niwas Leasing and Finance Ltd will go ex-rights. Earlier, the businesses declared an interim dividend of Re 1 per share (face worth: Rs 10) and the issuance of rights respectively. Merchants and traders ought to regulate these developments because the market reopens.
Listed here are particulars of those company actions, due on February 27:
1. Shri Niwas Leasing and Finance Ltd Rights
Shri Niwas Leasing and Finance Ltd has introduced its Rights Problem schedule. The ex-date for the Rights Problem of fairness shares is February 27, 2025, with the report date additionally set for February 27, 2025. The ebook closure will begin and finish on February 27, 2025. The Rights Problem will open on March 6, 2025, and shut on March 20, 2025. The corporate will provide 3,99,70,000 fairness shares at a value of Rs 10 per share, totaling Rs 39.97 crore. The entitlement ratio for the difficulty is 10:1, which means shareholders will likely be entitled to 10 rights shares for each 1 fully-paid fairness share held as of the report date.
Over the previous 5 days, the inventory value of Shri Niwas Leasing and Finance Ltd has remained unchanged at Rs 17.66. Previously month, the inventory gained Rs 0.79, or 4.68 %, sustaining its value at Rs 17.66. Nevertheless, within the final six months, the inventory has declined by Rs 2.62, or 12.92 %.
Compared, the Nifty 50 benchmark index has seen a decline in latest durations. Over the previous 5 days, the Nifty 50 dropped by 1.31 %, dropping Rs 299 to settle at 22,547.55. The index additionally noticed a lower of Rs 281.60, or 1.23 %, prior to now month, and during the last six months, it fell by Rs 2,463.05, or 9.85 %.
2. Metal Metropolis Securities Restricted Dividend
Metal Metropolis Securities Restricted has introduced an interim dividend of Re 1 per share (face worth: Rs 10). The ex-date and report date for this dividend are each set for February 27, 2025. The report date, Thursday, twenty seventh February 2025, would be the cutoff for the fee of the third interim dividend for the monetary 12 months 2024-25.
When it comes to inventory efficiency, Metal Metropolis Securities Restricted has displayed stable progress over latest durations. The inventory value is at the moment at Rs 100.26, exhibiting a achieve of Rs 10.10, or 11.20 per cent, over the previous 5 days. Over the previous month, it has elevated by Rs 2.51, or 2.57 per cent. Compared to the Nifty 50 benchmark index, which has skilled a decline, Metal Metropolis’s inventory has outperformed.
Dalal Avenue: Sensex and Nifty 50 efficiency on Tuesday
Indian equities managed to snap a five-day dropping streak on Tuesday, February 25, 2025, regardless of weak international cues. The market opened barely greater, with the Nifty 50 gaining 0.01 per cent to succeed in 22,555.55, whereas the BSE Sensex rose by 0.1 per cent, up 77.38 factors, settling at 74,531.79 factors.
Sector-wise, the session was blended. Realty, IT, Steel, and Pharma shares noticed promoting stress, with the realty sector main the losses, down by over 1 per cent. However, the banking, monetary providers, and media indices emerged because the sectoral gainers for the day.
