Hexaware Technologies kicks off the wave on Monday, October 26, going ex-dividend for its ₹9.5 interim payout. But the stock’s price action tells a different story than the yield suggests. It continues to trade below its IPO price of ₹708, a persistent drag for long-term holders despite the cash injection.
L&T Technology Services follows on Tuesday, October 27, with a hefty ₹20 per share dividend. The stock bucked the broader market sell-off last week, buoyed by strong quarterly earnings and a positive forward outlook. Cyient and Nippon Life India AMC share the Wednesday, October 28, record date, offering ₹12 and ₹9.5 per share respectively. Notably, Nippon Life’s stock has slipped post-results, while Cyient outperformed indices.
Thursday, October 29, brings two major names: CRISIL and Shriram Finance. CRISIL’s interim dividend stands at ₹17 per share, while Shriram Finance offers ₹6.5. These payouts reflect their respective cash flow positions after the September quarter.
Chennai Petro closes the week on Friday, October 30, with the highest payout on the list: ₹25 per share. The company announced this alongside its quarterly results last week.
RailTel and Steel Strips Wheels also hit their record dates this week, with modest payouts of ₹1 and ₹1.5 per share, respectively. The divergence in their price performance is stark: Steel Strips Wheels shares have surged over 100% year-to-date, while RailTel remains a significant underperformer, offering a lower yield but potentially higher capital appreciation potential for contrarian investors.