Dividends

Hexaware Technologies will determine shareholders eligible for a ₹5.75 dividend on October 10, 2025, with payouts on October 18. Investors must own shares before the record date to qualify. Jefferies initiated coverage on the stock in September with a ‘Buy’ rating and set a target price of ₹930.

Fourteen stocks have revised their record date for dividends following a change in the settlement holidays of the Indian stock market, according to an exchange circular.

Elcid Investments has announced a record date of July 23, 2025, for its dividend, declaring ₹25 per share for the financial year ending March 31, 2025. This continues the company’s practice of rewarding shareholders, having done so in the previous two financial years.

Swaraj Engines will distribute a record dividend of ₹104.50 per share on June 27 for FY25. Shareholders must hold shares by this date. The company reported strong growth, with a 21.7% YoY increase in engine sales for FY25 and plans to expand production capacity.

Dividend Stocks: Companies including Larsen & Toubro, Tata Motors, Tata Steel, Nuvama Wealth Management, and Tata Consultancy Services are among others which will trade ex-dividend in the upcoming week starting Monday, 2 June 2025.

Investment word of the day: The ex-dividend date usually helps to determine when shares must be purchased to qualify for upcoming dividends. Investors should verify dividend announcements through the stock exchange.