Nadda to Launch Ayushman Bharat Scheme During Odisha Visit on April 11 to 13

Union Health Minister J P Nadda will visit Odisha for 2 days starting from April 11 to April 13 to launch the Ayushman Bharat scheme along with other healthcare initiatives in the state.  

Launch Event in Cuttack  

Nadda will arrive in Bhubaneswar at around 1 PM and then travel to Cuttack, where he will attend an event alongside Chief Minister Mohan Charan Majhi. During this event, the Ayushman Bharat scheme, Ayushman Vaya-Vandana Yojana, and the Gopabandhu Jan Arogya Yojana (GJAY) will be officially launched, BJP state president Manmohan Samal confirmed. 

 These schemes are expected to benefit around 3.5 crore people in Odisha. The Union Minister will also inaugurate the new building of the Sardar Vallabhbhai Patel Post Graduate Institute of Pediatrics in Cuttack.  

 Read More: Ayushman Bharat Scheme: Delhi Government Begins Registration, How to Apply. 

Other Scheduled Visits  

During his visit, Nadda will also tour AIIMS Bhubaneswar and the Central Institute of Petrochemicals Engineering and Technology (CIPET).  

On April 12, 2025, he will inaugurate a 3-day training program for all BJP MPs and MLAs in Puri, which will run from April 11 evening to April 13.  

Healthcare Access Widens for 3.5 Crore Beneficiaries  

The Ayushman Bharat and GJAY schemes will benefit 3.5 crore people from 1.03 crore families in Odisha. Beneficiaries will have access to free, cashless treatment at 29,000 private and government hospitals across India. Earlier, this facility was available only in 900 hospitals.  

 The Ayushman Vaya-Vandana Yojana will cover all individuals aged 70 and above, regardless of income level.  

Conclusion  

The launch of these healthcare schemes marks a significant step toward providing better medical access in Odisha. With expanded coverage and increased funding, millions will benefit.  

  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.    

 Investments in the securities market are subject to market risks, read all the related documents carefully before investing.   

Bank Holidays 2025: Banks Closed from April 12-14: Is Your State Affected? Check the Holiday List

If you need to visit your bank soon, make sure to complete your work by April 11 (Thursday). Banks in many states will remain closed for 3 days in a row—from April 12 to April 14—due to weekends and public holidays. 

This long weekend includes the second Saturday (April 12), Sunday (April 13), and multiple regional holidays on April 14, such as Ambedkar Jayanti, Vishu, Bihu, and Tamil New Year. Many banks across India will not be open. 

Read More Is Gold a Safer Asset for 2025? A Look at Why Gold Continues to Break Records. 

Bank Holiday List for April 2025 

Banks Closed for Three Days (April 12-14) 

  • April 12 (Saturday) – Banks Closed 
  • Banks across India will remain shut for the second Saturday, as per RBI guidelines. 
  • April 13 (Sunday) – Banks Closed 
  • Regular Sunday closure; no banking services will be available. 
  • April 14 (Monday) – Banks Closed in Most States 
  • Banks will remain shut for Ambedkar Jayanti and various regional festivals, including: 
  • Vishu (Kerala) 
  • Bihu (Assam) 
  • Tamil New Year (Tamil Nadu) 

Additional Bank Holidays in April (State-wise) 

  • April 15 (Tuesday) – Bengali New Year, Himachal Day, Bohag Bihu 
  • Banks will be closed in Assam, West Bengal, Arunachal Pradesh, and Himachal Pradesh. 
  • April 18 (Friday) – Good Friday 
  • Banks will be shut in most major states, except in Tripura, Assam, Rajasthan, Jammu, Himachal Pradesh, and Srinagar. 
  • April 21 (Monday) – Garia Puja 
  • Local bank holiday in Tripura. 
  • April 29 (Tuesday) – Parshuram Jayanti 
  • Banks will remain closed in Himachal Pradesh. 
  • April 30 (Wednesday) – Basava Jayanti and Akshaya Tritiya 
  • Banks in Karnataka will be closed for these festivals. 

Plan Ahead for Banking Services 

Since April has many holidays, banking services will be affected on multiple days. If you rely on in-person banking, complete all important tasks by April 11 to avoid any last-minute issues. 

Conclusion 

With multiple bank holidays in April, ensure you complete essential transactions in advance. Plan accordingly to avoid disruptions in cash deposits, cheque clearances, or branch visits. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.  

Weekly Market Recap As of April 11, 2025: Sensex, Nifty Rebound; RBI Cuts Rates, China Imposes Tariffs

For the week ended April 11, 2025, Nifty 50 and Sensex saw sharp swings, initially falling but rebounding strongly to close at 22,828.55 and 75,157.26, respectively. 

Between April 7 and April 11, 2025, the Nifty 50 saw significant volatility. It fell 3.24% on April 7 to 22,161.60 but rebounded 1.69% on April 8 to 22,535.85. After a slight 0.61% dip on April 9, it surged 1.92% on April 11, closing at 22,828.55.  

 Between April 7 and April 11, 2025, the BSE Sensex 30 experienced sharp fluctuations. It dropped 2.95% on April 7 to 73,137.90 but rebounded 1.49% on April 8 to 74,227.08. After a minor 0.51% dip on April 9, it surged 1.77% on April 11, closing at 75,157.26. 

 Read More Eternal (Zomato) Share Price Rose 3.12% on April 11; To Liquidate Dutch Subsidiary Zomato Netherlands.   

 Roundup of Major News This Week 

  • China will impose a 34% tariff on all U.S. imports from April 10, matching U.S. tariffs and escalating trade tensions. It also tightened rare earth exports, sanctioned 27 U.S. firms, and filed a WTO complaint, intensifying global economic uncertainty. 

 Major Earnings Update This Week  

  • For Q4 FY25, Trent reported provisional standalone revenue of ₹4,334 crore, a 28% increase compared to ₹3,381 crore in the same period last year. The company posted a revenue of ₹17,624 crore, up 39% from ₹12,669 crore in FY24.  

Conclusion 

The week saw significant market swings, policy changes, and corporate earnings, shaping investor sentiment. Global uncertainties and rate cuts may drive future trends. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

 

Closing Bell: Sensex Jumps 1,310 Pts, Nifty Surges 429 Pts as Trump Pauses Tariffs on April 11, 2025

Indian stock markets saw a sharp rise on April 11, 2025, following US President Donald Trump’s decision to pause trade tariffs for 90 days. Despite mixed trends in Asian markets, investor sentiment remained strong in India. 

The BSE Sensex jumped 1,310.11 points (1.77%) to close at 75,157.26, while the NSE Nifty50 ended 429.40 points higher (1.92%) at 22,828.55. 

Broader Markets Outperform 

Midcap and smallcap stocks performed even better, with the BSE Midcap index rising 1.84% and the BSE Smallcap index climbing 3.04%. 

Read More Eternal (Zomato) Share Price Rose 3.12% on April 11; To Liquidate Dutch Subsidiary Zomato Netherlands. 

Top Gainers and Losers  

Among the Nifty50 stocks, 47 out of 50 ended in the green. The biggest gainers were Hindalco (+6.52%), Tata Steel (+4.84%) and JSW Steel (+4.81%).  The top losers were Asian Paints closed at ₹2,393.00 (-0.75%), Apollo Hospitals ended at ₹6,798.00 (-0.53%), and TCS settled at ₹3,238.00 (-0.26%). 

All Sectors in Green 

Every sector ended the day with gains. The Nifty Metal, Energy, Pharma, Auto, and Banking sectors were the top performers, rising to 4.09%. 

Oil Prices 

As of April 11, 2025, at 03:46 PM, Brent Crude was trading at $63.75, up by 0.65%. 

Conclusion 

With strong gains across sectors and broad-based buying, Indian markets ended the week on a positive note. Investors now await further global cues for market direction. 

 Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.    

   Investments in the securities market are subject to market risks, read all the related documents carefully before investing.   

 

 

 

Hexaware Share Price Surges 6% Ahead of Ex-Dividend Date; Market Rally Boosts Sentiment

Hexaware Technologies share price surged over 6% on April 11, 2025, as investors rushed to buy shares before the ex-dividend date. The company has announced an interim dividend of ₹5.75 per share, attracting strong demand in the market. 

Hexaware’s Stock Rises Before Dividend Payout 

Hexaware Technologies, a leading IT and consulting firm, saw its share price climb 6.26% to ₹672.1 during intraday trade on the BSE. The increase comes as the company is set to pay a generous dividend to its shareholders. 

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Ex-Dividend Date and Record Date Details 

The ex-dividend date for Hexaware Technologies is April 15, 2025. This means investors must own the shares before this date to be eligible for the dividend payout. Since the stock market will remain closed on April 14 for Ambedkar Jayanti, April 11 was the last trading day for investors to qualify for the dividend. 

The record date for the dividend has been set for April 15, 2025. Shareholders whose names appear in the company’s records on this date will receive the interim dividend, which is scheduled to be paid on April 23, 2025. 

Company Overview and Market Performance 

Founded in 1990, Hexaware Technologies is a global IT services and consulting company that provides digital transformation solutions across industries such as finance, healthcare, and manufacturing. 

The company has a market capitalisation of ₹38,901.57 crore as of April 11, 2025. Its stock has fluctuated between ₹850 and ₹592.95 over the past year. However, Hexaware’s shares have declined nearly 16% in 2025 so far, underperforming the Sensex, which has dropped around 4% year-to-date. 

Stock Trading and Market Trends 

By 11:50 AM on April 11, Hexaware Technologies shares were trading at ₹640.15, up 1.21% from the previous close of ₹632.50. Nearly 0.28 million shares, valued at around ₹18.46 crore, were traded across the BSE and NSE. 

Meanwhile, the broader stock market saw strong gains on April 11. The BSE Sensex rose by 1,516 points (2.05%) to 75,363.98, while the Nifty50 surged 480.65 points (2.15%) to 22,879. 

Conclusion 

Hexaware Technologies’ sharp rise before its ex-dividend date highlights strong investor interest. However, with a 16% YTD decline, long-term growth will depend on broader IT sector trends. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.    

   Investments in the securities market are subject to market risks, read all the related documents carefully before investing.   

 

 

 

Nifty IT Drops 8% in 5 Days: 3 Major Challenges for Tech Stocks

The Nifty IT index has been on a rough ride in April, falling over 8% in just 5 sessions. Despite a slight 2% recovery today, the sector continues to struggle. The global economic situation, weak Q4 earnings, and policy changes in the US have led to uncertainty. Let’s look at the 3 main concerns affecting Indian IT stocks. 

US Tariffs and Recession Fears 

The trouble began on April 2 when US President Donald Trump announced new tariffs, calling it “Liberation Day.” These tariffs included a 125% increase on some Chinese imports and a 10% minimum tariff on others. Although a 90-day pause was introduced for some countries on April 9, it did little to calm market concerns. 

For Indian IT companies, this is a big issue as the US is their biggest client. Higher inflation and trade tensions in the US could lead to budget cuts in tech spending, making outsourced contracts vulnerable. Analysts have already warned that an “inflation shock” in the US could slow down IT investments. 

Know More What Do RBI’s Draft Gold Loan Rules Mean For Companies Like Muthoot Finance?

Pentagon Cancels $5.1 Billion in IT Contracts 

Adding to the worries, the US government recently canceled IT service contracts worth $5.1 billion. The contracts, awarded to companies like Accenture and Deloitte, were deemed “non-essential.” This decision indicates a shift in US policy towards insourcing, which could negatively impact Indian IT firms that rely on outsourced government projects. 

Weak Q4 Earnings and Falling Valuations 

Indian IT firms are also dealing with a tough earnings season. TCS reported a 2% year-on-year drop in Q4 profit, missing expectations. Infosys is expected to project only 1-3% revenue growth for FY26, which is almost flat compared to FY25. 

Analysts believe IT companies are struggling to maintain profit margins due to pricing pressure, high employee utilisation, and slowing hiring.  

Nifty IT: How Bad Is the Fall? 

The Nifty IT index has been under pressure for a while: 

  • Down 8% in the past 5 days 
  • Down 12% in the last month 
  • Down 22% over 6 months 
  • Down 6% over the past year 
  • Down 24% in 2025 so far 

While there was a small 2% recovery today, the overall trend remains weak. TCS saw a dip after its Q4 results, but stocks like Coforge and Mphasis gained around 3%. However, given the current challenges, the tech sector may not see a full recovery anytime soon. 

Conclusion 

The Indian IT sector faces multiple headwinds, from US economic policies to sluggish earnings. While some recovery is possible, sustained growth may take time as global uncertainties continue. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.    

Sensex Jumps 1,100 Points, Nifty Crosses 22,700 – Here’s Why the Indian Stock Market is Rising on April 11?

The Indian stock market witnessed a significant rally on Friday as investors reacted positively to key global and domestic developments. The Nifty 50 index opened higher at 22,695 and climbed to an intraday high of 22,874, registering a gain of 475 points or 2.12%. Similarly, the BSE Sensex opened at 74,835 and surged to an intraday high of 75,319, recording an increase of over 1,400 points during the trading session. 

Bank Nifty also experienced a sharp rise, opening at 50,634 and reaching an intraday high of 51,066, gaining 826 points within minutes of the market opening. The rally was widespread, with strong buying observed in mid-cap and small-cap stocks. The BSE Small-cap index jumped over 2.10%, while the BSE Mid-cap index rose by more than 1.30%. 

By 10:30 AM, 281 stocks listed on the BSE had hit their circuit limits. Among them, 183 stocks touched the upper circuit, while 98 stocks reached the lower circuit. Additionally, 42 BSE-listed stocks climbed to their 52-week highs, while 23 stocks fell to their 52-week lows. 

Know More What Do RBI’s Draft Gold Loan Rules Mean For Companies Like Muthoot Finance?

Why is the Indian Stock Market Rising Today? 

Stock market experts believe that this rally is primarily driven by US President Donald Trump’s decision to delay the imposition of reciprocal tariffs for 90 days, excluding China. However, other factors such as the Reserve Bank of India’s (RBI) policy decisions, expectations of strong Q4 earnings, and a global shift in investment sentiment also contributed to the surge. 

Below are the 5 key reasons why the Indian stock market is witnessing such a sharp rise: 

  1. Trump’s Tariff Pause Boosts Market Sentiment

     

The biggest trigger for this market rally was the announcement by US President Donald Trump regarding a temporary suspension of additional tariffs. Trump decided to delay the implementation of a 26% tariff on Indian exports for 90 days, providing relief to Indian exporters and boosting investor confidence. 

This move has given Indian businesses time to prepare for potential tariff changes, reducing short-term trade uncertainties. The exemption has encouraged strong buying activity in Indian equities, as it signals a favorable global trade stance towards India. 

  1. Foreign Investors Shift Focus from China to India

     

Another crucial factor fueling this rally is the growing sentiment among foreign institutional investors (FIIs) to shift investments from China to India. This “Sell China, Buy India” trend has gained traction due to concerns over China’s economic policies and geopolitical risks. 

Experts recall how the COVID-19 pandemic exposed the risks of over-reliance on Chinese manufacturing, particularly in the semiconductor sector. During the crisis, China was accused of creating artificial shortages of semiconductor chips by deliberately halting production, causing disruptions in global supply chains. Investors are now more comfortable diversifying into markets like India, which offers a stable and democratic environment for long-term investments. 

  1. RBI’s Repo Rate Cut and Inflation Outlook

     

The Reserve Bank of India (RBI) recently announced a 25 basis point (bps) cut in the repo rate, which has played a crucial role in boosting market confidence. Lower interest rates improve liquidity in the financial system and encourage borrowing, which, in turn, supports economic growth. 

Investors view this rate cut as a positive signal, as it suggests that the central bank is maintaining an accommodative stance to support growth. 

Furthermore, the RBI’s projection of 4% inflation for FY26 has reinforced confidence among market participants. This outlook indicates that inflation remains under control, allowing the central bank to focus on economic expansion without aggressive monetary tightening. Investors are optimistic that lower interest rates will boost corporate profitability, particularly for sectors such as banking, real estate, and consumer goods. 

  1. Short-covering by Bears

     

Another reason behind the sharp market surge is short-covering by traders who had bet against the market earlier in the week. 

The Indian stock market had closed lower on Wednesday, and many traders had taken short positions, expecting further declines. However, with strong buying momentum seen in global markets on Thursday, these traders were forced to buy back stocks to cover their short positions when the market opened on Friday. 

  1. Optimism Over Q4FY25 Earnings

     

The market is also riding high on expectations of strong corporate earnings for Q4FY25. Analysts predict that the RBI’s interest rate cut will benefit banks and financial institutions, which could report improved profitability in the upcoming results. 

The tariff pause announced by Trump has provided relief to Indian exporters, allowing them to postpone additional cost provisions for another quarter. This development is expected to improve the financial performance of export-driven companies, further strengthening investor sentiment. 

Additionally, the banking sector is likely to benefit from increased lending activity following the rate cut, leading to better-than-expected earnings. Investors are closely watching corporate earnings reports, as strong results could provide further upward momentum for the market. 

Stock Market Outlook – What Should Investors Do? 

Despite the strong rally, market experts advise investors to remain cautious as volatility could increase in the coming days. 

Given the uncertainties surrounding global trade policies, investors should closely monitor developments related to US tariffs and global market trends.  

Conclusion 

The Indian stock market’s sharp rise can be attributed to a combination of global and domestic factors, including Trump’s tariff pause, the RBI’s rate cut, shifting FII sentiment, short-covering by bears, and expectations of strong Q4 earnings. Investors are advised to stay informed and adopt a balanced approach while navigating market volatility. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Aurionpro Acquires Fintra Software to Strengthen Trade Finance Solutions

On April 11, 2025, Aurionpro Solutions Ltd (BSE: 532668, NSE: AURIONPRO), a leading technology provider for financial services, has acquired Fintra Software Private Limited to enhance its transaction banking capabilities. This acquisition includes 100% ownership of Fintra, along with its intellectual property and resources. The deal will help Aurionpro offer a fully integrated cash and trade management solution, strengthening its position in the banking sector. 

Enhancing Trade Finance Capabilities 

Fintra Software, a long-time partner of Aurionpro, has already integrated its trade finance platform with Aurionpro’s trade solutions. Leading banks in India, Southeast Asia, and the Middle East use this platform for managing trade finance operations. By combining Fintra’s strong backend technology with Aurionpro’s expertise, the company aims to provide a seamless solution for corporate banks. 

The integrated platform will automate key trade finance processes, including issuing and closing Letters of Credit, handling Open Accounts, and managing Supplier and Buyer Finance. This will ensure smooth banking operations and enhanced value for corporate customers. 

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Leveraging AI for Next-Gen Banking Solutions 

The acquisition will also help Aurionpro build the next generation of transaction banking solutions by incorporating advanced trade automation powered by Enterprise AI from Arya.ai, Aurionpro’s AI-focused subsidiary. 

About Fintra Software 

Founded in 2015, Fintra Software specialises in technology solutions for Wholesale Banking. Its product suite includes Trade Finance, Supply Chain Finance, Escrow, and Factoring solutions. Fintra’s platforms help banks engage with corporate clients, increase revenue, and improve operational efficiency, ensuring they remain competitive in the evolving banking industry. 

About Aurionpro Solutions 

Aurionpro Solutions Ltd. is a global technology leader, offering advanced solutions across industries such as Banking, Payments, Mobility, Insurance, Transit, and Data Center Services. The company provides AI-driven fintech solutions to over 300 clients worldwide. With a team of 2,800 professionals, Aurionpro combines deep industry expertise with cutting-edge technology to drive growth and innovation in financial services. 

Aurionpro Solutions share price is trading at ₹1,434.00, up 4.69% today. The stock opened at ₹1,424.00, reaching a high of ₹1,469.00 and a low of ₹1,415.00. It has a market capitalisation of ₹7,920 crore, a P/E ratio of 43.81, and a dividend yield of 0.11%. The stock’s 52-week high stands at ₹1,991.75, while its 52-week low is ₹992.48. 

Conclusion 

With the acquisition of Fintra Software, Aurionpro strengthens its trade finance capabilities, integrating AI-driven automation to offer seamless banking solutions worldwide. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   

  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.  

 

CRISIL to Pay ₹26 Dividend Per Share; Ex-Date is Today

CRISIL is trading ex-dividend for its final dividend of ₹26 per share (2,600%) today, April 11. The record date is set for Monday, April 14, making April 9, the last day to buy its shares to be eligible for the dividend. 

Understanding the Ex-Dividend and Record Date 

While many companies have the same ex-dividend and record date, CRISIL’s are different. 

  • Ex-Dividend Date (April 11): This is when the stock no longer carries the right to receive the dividend. If you buy shares on or after this date, you won’t be eligible for the payout. 
  • Record Date (April 14): This is the date when the company checks its records to determine which shareholders will receive the dividend. 

To be eligible, investors must own CRISIL shares before the ex-dividend date, meaning the last day to buy is April 9, considering the stock market will be closed on April 10. 

Know More What Do RBI’s Draft Gold Loan Rules Mean For Companies Like Muthoot Finance?

Dividend Details 

CRISIL announced in a filing on February 10 that its board recommended a final dividend of ₹26 per share for FY24, subject to shareholder approval at the AGM on April 30, 2025. The dividend will be paid on May 6, 2025. 

Over the past 12 months, CRISIL has paid a total equity dividend of ₹30 per share. 

CRISIL Share Price Performance 

Crisil share price is trading at ₹4,198.35, down ₹12.75 (0.30%) as of April 11, 9:37 AM IST. The stock opened at ₹4,249.95, reaching a high of ₹4,252.00 and a low of ₹4,173.55. It has a market capitalisation of ₹30,700 crore, a P/E ratio of 44.88, and a dividend yield of 1.33%. The stock’s 52-week high stands at ₹6,950.00, while its 52-week low is ₹3,880.00. 

Conclusion 

CRISIL continues to reward shareholders with strong dividends. While the stock has faced short-term declines, its long-term performance remains impressive, gaining 223% in 5 years. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   

  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.  

 

Mazagon Dock Declares ₹3 Dividend: Key Details to Know Before April 16

Mazagon Dock Shipbuilders, a Navratna defence PSU, has announced a second interim dividend of ₹3 per share for FY25. This is the first dividend after its stock split in December 2024. The company’s board approved the payout on April 8, and eligible shareholders will receive it by May 7, 2025. 

Here are three important things to know: 

Record Date: April 16 

To receive the ₹3 dividend, investors must own Mazagon Dock shares before April 16. Only those listed as shareholders on this date will be eligible. Since stock transactions follow a T+1 settlement cycle, buyers should purchase shares at least 2 trading days before the record date. 

Dividend Payment Date 

The company has confirmed that the dividend will be paid on or before May 7, 2025. The payout applies to fully paid-up equity shares with a face value of ₹5 each. 

Mazagon Dock’s Dividend History 

Mazagon Dock has consistently rewarded its shareholders. Before the stock split in December 2024, the company declared an interim dividend of ₹23.19 per share in October and ₹12.11 per share in September. In previous years, shareholders received ₹22.20 in 2023 and ₹10.73 in 2022. 

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Mazagon Dock Share Performance 

Mazagon Dock Shipbuilders share price is trading at ₹2,427.60, up ₹56.40 (2.38%) today as of April 11, 9:27 AM IST. The stock opened at ₹2,443.75, reaching a high of ₹2,449.95 and a low of ₹2,403.00. It has a market capitalisation of ₹97,790 crore, a P/E ratio of 35.59, and a dividend yield of 0.60%.  

Over the past month, the stock has gained 7.61%, while in the last 6 months, it has risen by 10.72%. In the past year, it has surged 119.25%, and over the last 5 years, it has skyrocketed by 2,788.97%. The stock’s 52-week high stands at ₹2,930.00, while its 52-week low is ₹1,045.00. 

About Mazagon Dock 

Mazagon Dock Shipbuilders is a key defence PSU under the Ministry of Defence, specialising in building warships and submarines. It is part of the BSE 200 index and has a market capitalisation of over ₹95,720 crore. 

Conclusion 

Mazagon Dock continues its strong dividend track record, rewarding shareholders with steady payouts. Despite short-term volatility, its long-term performance remains robust. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   

  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.