After a buying and selling vacation on Tuesday for Mahashivratri, Dalal Road shall 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 buyers ought to regulate these developments because the market reopens.
Listed below are particulars of those company actions, due on February 27:Â
1. Shri Niwas Leasing and Finance Ltd RightsÂ
Shri Niwas Leasing and Finance Ltd has introduced its Rights Situation schedule. The ex-date for the Rights Situation of fairness shares is February 27, 2025, with the file date additionally set for February 27, 2025. The e-book closure will begin and finish on February 27, 2025. The Rights Situation 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, that means shareholders shall be entitled to 10 rights shares for each 1 fully-paid fairness share held as of the file date.
Over the previous 5 days, the inventory value of Shri Niwas Leasing and Finance Ltd has remained unchanged at Rs 17.66. Prior to now month, the inventory gained Rs 0.79, or 4.68 p.c, sustaining its value at Rs 17.66. Nevertheless, within the final six months, the inventory has declined by Rs 2.62, or 12.92 p.c.Â
Compared, the Nifty 50 benchmark index has seen a decline in current durations. Over the previous 5 days, the Nifty 50 dropped by 1.31 p.c, shedding Rs 299 to settle at 22,547.55. The index additionally noticed a lower of Rs 281.60, or 1.23 p.c, previously month, and during the last six months, it fell by Rs 2,463.05, or 9.85 p.c.
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 file date for this dividend are each set for February 27, 2025. The file date, Thursday, twenty seventh February 2025, would be the cutoff for the fee of the third interim dividend for the monetary yr 2024-25.
When it comes to inventory efficiency, Metal Metropolis Securities Restricted has displayed stable progress over current 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 Road: Sensex and Nifty 50 efficiency on Tuesday
Indian equities managed to snap a five-day shedding streak on Tuesday, February 25, 2025, regardless of weak world cues. The market opened barely larger, 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.Â
Sector-wise, the session was combined. Realty, IT, Steel, and Pharma shares noticed promoting strain, with the realty sector main the losses, down by over 1 per cent. Alternatively, the banking, monetary providers, and media indices emerged because the sectoral gainers for the day.
