Dividend stocks: Asian Paints, NTPC, RailTel, 2 other stocks to trade ex-dividend, Globalspace Tech’s Rights Issue today

livemint.com:

Dividend stocks 2023: Shares of Asian Paints Ltd, NTPC Ltd, RailTel Corporation of India Ltd, Route Mobile Ltd, Symphony Ltd, and Globalspace Technologies Ltd will be in focus when the stock market opens today. The board of directors of these companies have declared dividend and Rights Issue for its eligible shareholders. Asian Paints has declared an interim dividend of ₹5.15 per share, NTPC board has declared a ₹2.25 per share interim dividend, RailTel Corporation has declared a Re 1 per share interim dividend, Route Mobile has announced a ₹3 per share interim dividend whereas Symphony has declared ₹2 per share interim dividend.

Globalspace Technologies has declared a Rights Issue of equity shares. Asian Paints -- Asian Paints reported a 53.31% increase in consolidated net profit at ₹1,232.39 crore for the second quarter ended 30 September 2023. Its revenue was almost flat at ₹8,451.93 crore in the September quarter.

Its total expense was down 6.13% at ₹7,021.96 crore in Q2 FY 2024. Shares of Asian Paints on Thursday closed at ₹2,955.10, up 0.70%, on the NSE. NTPC – NTPC reported over 38% rise in consolidated net profit at ₹4,726.40 crore for the September quarter of fiscal year 2023-24 mainly on the back of higher revenues.

Its total income rose to ₹45,384.64 crore in Q2 from ₹44,681.50 crore in the same period a year ago. Its board approved the first interim dividend of this fiscal at the rate of 22.5% ( ₹2.25 per share) on the face value of paid-up equity shares of ₹10 each. Shares of NTPC on Thursday closed at ₹235.05, up 1.05%, on the NSE.