Corporate Radar: TCS to trade ex-dividend; BoM to announce earnings and more

There are a host of corporate actions and board meetings scheduled for Monday.

TCS
TCS shares will trade ex-dividend in respect of its both special and interim dividend announced. The company announced a special dividend of Rs 67 and an interim dividend of Rs 8 per share, respectively. The record date to determine the shareholders’ eligibility for the said dividend is January 17.

Banaras Beads
The multibagger company from the gems, jewellery and watches space will table its quarterly results on Monday. The company’s stock in the last 3 years has reaped a return of 135%. Also, in the board meeting, the company will consider interim dividend for the year 2023 and has fixed record date as January 30 for the purpose of entitlement of the shareholders to the interim dividend for the year 2022-23.

Federal Bank
This private sector lender stock will reveal its quarterly results on Monday. The stock in the last 1 year has generated 38% return. In the September ended quarter, the lender reported a 52.89% jump in its standalone net profit at Rs 703.71 crore, aided by fall in provisions for bad loans. The South-based lender had posted a net profit of Rs 460.26 crore in the year-ago period.

Bank of Maharashtra
This is a multibagger PSB in the last 3 years has generated a return of 141%. The lender will reveal its quarterly results on Monday. “This is to inform that the meeting of board of directors of the Bank will be held on Monday, 16th January, 2023 at Pune inter alia to consider the unaudited standalone and consolidated financial results of the Bank for the Third Quarter/ Nine Months ended 31st December, 2022," said the company's exchange filing.

Vinny Overseas
This multibagger stock from the garments and apparels segment is scheduled to meet for its board meeting for considering bonus share issue and stock split. The company’s stock in a 1-year period has generated a return of 578%