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Shares of Muthoot Finance will trade ex-dividend on the day of record date or a day before. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.

“In the beauty & personal care (BPC) segment, the net sales value (NSV) was up 26.5% year-on-year in 3QFY23 (34% in 9MFY23). Nomura estimates 4QFY23F NSV growth at 28% y-o-y, leading to 32% y-o-y growth for FY23F. This was slightly higher than its estimate of 31% y-o-y for FY23F,” Nomuras said.

The brokerage remains positive on expanding spreads in India. Besides, enough opportunity exists in the export market where realisation too is currently better.

Navin Fluorine International, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 21055.52 Crore) operating in Chemicals sector.

Promoters held 51.52 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 17.91 per cent and 7.63 per cent, respectively.

The stock quoted a 52-week high price of Rs 652.2 and low of Rs 412.2.

Valuations are becoming reasonable and the next six months present an opportunity to increase equity allocation as pain seems to be behind us and market prices reflect it. FIIs have consistently turned buyers for the last four trading sessions, and several milestones are used to watch a market bottom-out. The approach is to stick with companies with larger market share in neglected sectors, such as manufacturing, selected NBFCs and private sector banks, and pharma.

Rail Vikas Nigam (RVNL) shares are trading ex-dividend as the company announced a Rs 1.77 interim dividend with April 6 as the record date. Around a day or two prior to the record date, companies usually trade ex-dividends. In the last year, the company has declared an equity dividend of Rs 2.02 per share, leading to a dividend yield of 2.72%. Trendlyne data shows that the consensus estimate represents a downside of -43.40% from the current levels, but Prabhudas Lilladher has a Buy call on the stock with a target price of Rs 78.

German industrial production rose significantly more than expected in February due, in part, to vehicle manufacturing, increasing 2.0% on the previous month.

A total of 17,393 shares changed hands on the counter till 02:08PM (IST)