Now Reading: Indus Towers, HAL, HPCL among stocks with record date this week
-
01
Indus Towers, HAL, HPCL among stocks with record date this week
Indus Towers, HAL, HPCL among stocks with record date this week
Shares of Indus Towers, PTC India, Gland Pharma, HAL, HPCL, and REC are among companies with corporate actions this week, NDTV Profit reports. Under India's T+1 settlement cycle, shares purchased on the…
The Story in Brief
Shares of Indus Towers, PTC India, Gland Pharma, HAL, HPCL, and REC are among companies with corporate actions this week, NDTV Profit reports. Under India's T+1 settlement cycle, shares purchased on the record date itself will not qualify for dividend, bonus, or rights issues.
Investors must buy at least one day before the record date (the ex-date) to receive the payout. The switch to T+1 settlement was completed in January 2023, reducing the time between trade and settlement from two days to one.
The Indian Opinion
The T+1 settlement cycle may seem like a technical tweak, but investors still miss the fine print, buying on the record date no longer earns the dividend or bonus. The lazy narrative is that this is some arbitrary rule change by exchanges. In reality, it simply aligns settlement with the speed of modern trading. The test is: how many retail investors will check the ex-date before hitting 'buy' this week?
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
