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From SBI Cards to Hindustan Zinc 3 stocks turning ex-dividend tomorrow: Do you own any?

 

A dividend is when eligible shareholders receive cash or additional shares of stock in exchange for a portion of a company’s profit. Because a portion of the profits of stable and profitable businesses is distributed to eligible shareholders, dividends are frequently regarded as a reliable source of income. Here are SBI Cards, Hindustan Zinc and Brand Ideas, these 3 stocks which will go ex-profit tomorrow, Walk 29, 2023.

SBI Cards & Payment Services

“The Directorate has, entomb alia, pronounced a break profit of Rs. 2.50 paise (25 percent) per equity share of the company, each with a face value of Rs. 10 for the fiscal year 2022-23. “SBI Cards stated in a stock exchange filing that the record date for the purpose of determining eligibility for payment of interim dividend is Wednesday, March 29, 2023, and the said interim dividend shall be credited/remitted on or before April 19, 2023.”

Today, SBI Cards & Payment Services shares closed at 711.40 per level on the NSE, down 0.95 percent from the previous close of 718.25. The stock reached a 52-week high of Rs 1,028.65 on August 17, 2022, and a 52-week low of Rs 655.70 on June 20, 2022.

Rahul Ghosh, founder and CEO of algorithm-driven advisory platform Hedged, said of the stock’s technical outlook, “SBI Cards stock has huge institutional holdings and has also seen decent growth in profit after tax (PAT). The stock has come up at an attractive valuation point with its current price at 710. Since two weeks ago, the stock has been trading in a narrow range between 700 and 740 levels. However, the stock is technically in a lower top, lower lower formation on the charts, and it has not closed above its 20-day EMA since October of last year. A bullish candlestick above the 785 level is required to buy this stock. Close ought to come next. The upper trend line in the sloping channel will also be decisively broken by a breakout above this level, preventing any further fakeouts. A correction to the downside is anticipated for the stock around the 650 level. holds a lot of support, and if a double bottom occurs around this level, people will buy the stock to get more money. and is able to initiate a short-term trade.”

“Despite stable fundamentals in terms of consistent profit growth, volatility in the financial services sector across the globe has led to higher losses in NBFC stocks like SBI Cards,” stated AR Ramachandran, Co-Founder & Trainer-Tips2trades, regarding the stock’s technical outlook. has intensified the tension. Well. On the daily charts, the technical resistance level of 760 is very strong. A fall close to the 690-700 help zone can be utilized to purchase for an objective of 760-810 in the close to term. .

Hindustan Zinc

“A fourth interim dividend of Rs. has been approved by the Board of Directors.” 26 rupees per equity share, or 1350 percent of Rs. for the fiscal year 2022-23, or Rs. 2/- per share 109,983.83 crores The record date with the end goal of installment of fourth Break Profit, as currently educated, is Wednesday, Walk 29, 2023. In a stock exchange filing, Hindustan Zinc stated, “The fourth interim dividend will be paid within the time limit prescribed under the law.”

Shares of Hindustan Zinc ended the day at 329.35 on the NSE, up 0.08% from the previous close of 329.10. The stock reached a 52-week high of Rs.383.00 on January 19, 2023, and a 52-week low of 242.05 on July 6, 2022.

Rahul Ghosh stated, “Hindustan Zinc is looking better on the charts from a medium term perspective,” when discussing the stock’s technical outlook. The Bollinger Bands indicator shows that the stock is trading above all of its major averages and moving bands. Because it confirms the strength of the move of the shares, moving bands are always regarded as a positive sign for the stocks. One can anticipate higher highs on this counter as long as the stock is trading above the 310 mark. EPS/BV The company’s stock is currently undervalued according to this metric, and its debt to equity ratio is also very low.”

According to AR Ramachandran, “Overall bearish sentiment in the market has weighed down Hindustan Zinc prices despite very good fundamentals and low PE ratio.” On the daily chart, Hindustan Zinc now has a strong technical support at 320. Daily end. Opposition above 331.5 could prompt higher focuses of 367-395 in the close to term.”

brand concepts

“A Rs. interim dividend has been declared by the Board of Directors.” 0.50 for each Rs. 100 equity share. ten (five percent) for the fiscal year 2022-23. The profit will be dispatched to the value investors of the organization on Monday for example April 16, 2023, whose names are as of the record date Walk 30, 2023, said Brand Ideas in a stock trade documenting. According to information on the BSE, the stock will go ex-dividend on March 29.

Today, Brand Concepts shares closed on the BSE at Rs 214.60, up 1.08 percent from their previous close of Rs 212.30. The stock reached a 52-week high of Rs 307.85 on February 1, 2023, and a 52-week low of Rs 65.00 on March 28, 2022.

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