Pharma stock announces 1930% special dividend. 5 things you should know

  Dividend paying stock: Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday  respectively.

 Dividend paying stock:The board of directors of pharma company Sanofi India has recommended special dividend of ₹193 against face value of ₹10 per equity share (1930 per cent) for the financial year ending 31st December 2022. The company board announced the decision after its scheduled board meeting held on 26th July 2022. the board also fixed 8th August 2022 as record date for one time special dividend payment.

Sanofi India informed Indian bourses about the special dividend payment citing, "The Board of Directors of the Company at its Meeting held today has declared One-Time Special Interim Dividend of Rs. 193 per equity share of Rs. 10 each for the financial year ending 31st December 2022. The Meeting of Board of Directors commenced at 2.00 p.m. and concluded at 5.10 p.m. As informed earlier the Company has fixed 8th August 2022 as the record date for the purpose of payment of the One-Time Special Interim Dividend. The said dividend will be paid on or after 22nd August 2022."

Here we list out 5 things that Sanofi India shareholders should know:

1] Special one time dividend:The company board has announced one time special dividend of ₹193 per equity share.

2] Sanofi India dividend record date:The record date for one time special dividend payment has been fixed on 8th August 2022.

3] Sanofi India dividend ex- date:Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday respectively.

4] Dividend payment:  The said dividend will be paid on or after 22nd August 2022.

5] Dividend yield: Earlier on 12th April 2022, Sanofi India shares had trade ex-dividend for payment of ₹181 per equity share final dividend and ₹309 per share for special dividend, net dividend announced by the company in the year 2022 is ₹683( ₹193 + ₹309 + ₹109). Sanofi India share price today is ₹6,600 per share, this means current dividend yield of the stock in 2022 is whopping 10.35 per cent [( ₹683 / 6600) / 6600].

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Gold price rebounds from 16-month low. Should you buy, sell or hold?

 

Gold prices are expected to remain volatile ahead of US Fed monetary policy meeting scheduled next week, believe experts.

Spot gold price is trading in the range of $1680 to $1750 per ounce range whereas MCX gold rates are trading in the range of ₹49,500 to ₹51,500 per 10 gm, say experts

Gold price today: On account of interest rate hikes by central banks across world, gold price plummeted to 16-month lows. However, spot gold price bounced back from its support price of $1680 per ounce levels and closed at $1726.40 per ounce levels on Friday, logging near 0.50 per cent intraday gain. Gold price on Multi Commodity Exchange (MCX) shot up ₹305 per 10 gm on Friday and finished at 50,680 levels

According to commodity market experts, spot gold price is trading in the range of ₹49,500 to ₹51,500 per 10 gm. They said that $1680 has been working as strong support for international gold price for last two years and till the yellow metal price is sustaining above these levels, one should maintain 'buy on dips' strategy. They went on to add that downward trend can be expected only when this pivotal support is breached.

According to commodity market experts, spot gold price is trading in the range of $1680 to $1750 per ounce rSpeaking on the reasons for bumpy trade pattern in gold prices, Sugandha Sachdeva, Vice President — Commodity & Currency Research at Religare Broking Ltd said, "Gold prices plummeted to a 16-month low during the week, amid rapid interest rate hikes by the key central banks in their fight against widespread inflationary pressures, which suppressed the investment appeal of the metal. However, prices managed to stage an impressive recovery from the pivotal support of the $1680 per ounce mark amid renewed concerns about the global growth outlook and widespread inflationary pressures."

Dollar index softens

Sugandha Sachdeva went on to add that softening of the dollar index enticed buying interest in gold at lower levels. On the data front, the US initial jobless claims surged for the third week in a row while the Philly Fed manufacturing index contracted for the second straight month, fueling economic growth concerns.US preliminary data for July reflected mixed activity in the US manufacturing and service sectors.

The Religare analyst said that the key highlight of the week was the ECB monetary policy meeting, wherein the European Central Bank hiked interest rates by 50 bps crossing market expectations to combat elevated inflation. The ECB president even cautioned about persistent inflationary risks as the war in Ukraine still drags on and energy price prices are holding firm. On the other hand, the Bank of Japan on expected lines maintained an accommodative stance, while raising inflation forecasts and highlighting risks to the economic outlook. However, as markets are closely eyeing Fed’s policy meeting next week, bets of a 100 bps rate hike by the US Fed have eased which has caused the greenback to witness losses for the first time in four weeks, while underpinning gold prices. Besides, the energy crisis eased in Europe as Russia resumed flows of gas to the region through a key pipeline, which lifted market sentiment.

Pivotal levels for gold prices.

Asked about important levels in regard to gold prices Anuj Gupta, Vice President — Research at IIFL Securities said, "Spot gold price is having strong support of $1680 to $1675 per ounce levels whereas immediate hurdle for the yellow metal in spot market is placed around $1750 to 1760 levels. Bullish or bearish trend in the precious metal can be assumed on breakage of either side of the range. On MCX, gold price is currently trading in the rAsked about important levels in regard to gold prices Anuj Gupta, Vice President — Research at IIFL Securities said, "Spot gold price is having strong support of $1680 to $1675 per ounce levels whereas immediate hurdle for the yellow metal in spot market is placed around $1750 to 1760 levels. Bullish or bearish trend in the precious metal can be assumed on breakage of either side of the range. On MCX, gold price is currently trading in the range of ₹49,500 to ₹51,500. Any dip in the gold price should be seen as buying opportunity till these pivotal lower levels are intact."

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Reliance Industries gains as its arm acquires stake in NowFloats Technologies

Reliance Industries is currently trading at Rs. 1565.40, up by 2.80 points or 0.18% from its previous closing of Rs. 1562.60 on the BSE.

The scrip opened at Rs. 1567.00 and has touched a high and low of Rs. 1571.60 and Rs. 1564.00 respectively. So far 385214 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1614.00 on 02-Dec-2019 and a 52 week low of Rs. 1066.55 on 26-Dec-2018.

Last one week high and low of the scrip stood at Rs. 1577.30 and Rs. 1541.40 respectively. The current market cap of the company is Rs. 990563.94 crore.

The promoters holding in the company stood at 50.05%, while Institutions and Non-Institutions held 38.31% and 11.65% respectively.

Reliance Industries’ wholly-owned subsidiary -- Reliance Strategic Business Ventures (RSBVL) has acquired equity shares of NowFloats Technologies for a cash consideration of Rs 141.63 crore. The said investment represents 85% holding in the equity share capital of Nowfloats.

RSBVL proposes to make a further investment of up to Rs 75 crore, subject to achieving agreed milestones. The further investment is expected to be completed by December 2020. Post the further investment, the shareholding of RSBVL will increase to 89.66% of the equity share capital of Nowfloats.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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Stock Market Trading Tips / सेंसेक्स में 154 अंक की बढ़त, निफ्टी 40 प्वाइंट चढ़कर 11450 के ऊपर पहुंचा

बीपीसीएल के शेयर में 3% उछाल, जेएसडब्ल्यू स्टील में 1.6% बढ़त

वेदांता का शेयर 2% लुढ़का, पावर ग्रिड में 1% गिरावट

शेयर बाजार की शुरुआत आज भी बढ़त के साथ हुई। सेंसेक्स 131 अंक की तेजी के साथ 38,637.05 पर खुला। कारोबार के दौरान 154 प्वाइंट चढ़कर 38,660.25 तक पहुंचा। निफ्टी की ओपनिंग 37 प्वाइंट ऊपर 11,464.95 पर हुई। इसने 40 अंक की बढ़त के साथ 11,468.55 का उच्च स्तर छुआ।विश्लेषकों के मुताबिक मजबूत विदेशी संकेतों से बाजार में तेजी आई।

सेंसेक्स के 30 में से 19 और निफ्टी के 50 में से 31 शेयरों में तेजी देखी गई। बीपीसीएल के शेयर में 3% उछाल आया। जेएसडब्ल्यू स्टील में 1.6% बढ़त दर्ज की गई। ओएनजीसी और रिलायंस इंडस्ट्रीज के शेयर 1-1 फीसदी ऊपर आए।

दूसरी ओर वेदांता का शेयर 2% लुढ़क गया। पावर ग्रिड में 1% और एशियन पेंट्स में 0.6% नुकसान देखा गया। एनटीपीसी, महिंद्रा एंड महिंद्रा, हीरो मोटोकॉर्प और आईटीसी में 0.5% से 0.6% तक गिरावट आई।

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Indian Hotels Company trades in green on the bourses

Indian Hotels Company is currently trading at Rs. 158.55, up by 3.85 points or 2.49% from its previous closing of Rs. 154.70 on the BSE.

The scrip opened at Rs. 156.10 and has touched a high and low of Rs. 159.05 and Rs. 156.10 respectively. So far 1405 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.10 on 26-Jun-2019 and a 52 week low of Rs. 110.00 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 161.50 and Rs. 150.35 respectively. The current market cap of the company is Rs. 18397.83 crore.

The promoters holding in the company stood at 39.09%, while Institutions and Non-Institutions held 41.11% and 19.80% respectively.

Anheuser Busch InBev (AB InBev) has signed an agreement with Indian Hotels Company (IHCL), to launch a premium chain of microbreweries within its marquee hotels across key locations in India. This collaboration is worth Rs 150 crore with plans to open 15 microbreweries over the next 5 years.

This exclusive partnership will leverage the collective strengths of the two leading companies to shape the future of quality craft beer in India.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, mid-market and value segments of the market.

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