Latest news with #ShankaraBuildingProducts
Mint
17-06-2025
- Business
- Mint
Vedanta subsidiary Hindustan Zinc share price in focus ahead of ex-dividend date today
Dividend Stocks: Vedanta subsidiary Hindustan Zinc share price will remain in focus on Tuesday, as it will trade ex-dividend today. Shankara Building Products is another stock that will trade ex-date today. Vedanta subsidiary Hindustan Zinc and Shankara Building Products had set June 17, 2025, as the record date for identifying the list of eligible shareholders to receive the dividend payout. According to the T+1 settlement procedure, investors who wished to benefit from dividend announcements and receive the dividend payout from Vedanta subsidiary Hindustan Zinc and Shankara Building Products should have bought shares of these companies at least one day before the June 17 record date. Hindustan Zinc Ltd.—The first interim dividend of ₹ 10 per equity share, or 500% on the face value of ₹ 2 per equity share, for the financial year 2025–2026 had been approved by the Board of Directors of the Company through a resolution on Wednesday, June 11, 2025. The first interim dividend shall be duly paid within the stipulated timelines as prescribed under law, said the company in its release. Vedanta subsidiary Hindustan Zinc has a good dividend history and dividend yield of 3.54%. It has declared a dividend of ₹ 19 over the last 12 months, as per Trendlyne data. The company had last announced a dividend of ₹ 19, with a record date of August 28, 2024. The record date for the first interim dividend payment for the financial year 2025-26 is Tuesday, June 17, 2025. Shankara Building Products — A final dividend of ₹ 3 per equity share of ₹ 10 each of the company was recommended by the Board of Directors of Shankara Building Products at its meeting on May 16, 2025, and would be approved by the shareholders at the Annual General Meeting (AGM) on Tuesday, June 24, 2025.
Mint
17-06-2025
- Business
- Mint
Vedanta subsidiary Hindustan Zinc share price in focus as will trade Ex-dividend today
Dividend Stocks: Vedanta subsidiary Hindustan Zinc share price will remain in focus on Tuesday, as it will trade ex-dividend today. Shankara Building Products is another stock that will trade ex-date today. Check for dividend payout and other details Vedanta subsidiary Hindustan Zinc and Shankara Building Products had set 17 June 2025 as the record date for identifying the list of eligible shareholders to receive the dividend payout. According to the T+1 settlement procedure, investors who wished to benefit from dividend announcements and receive the dividend payout from Vedanta subsidiary Hindustan Zinc and Shankara Building Products should have bought shares of these companies at least one day before the June 17 record date. Hindustan Zinc Ltd.—The first interim dividend of Rs. 10 per equity share, or 500% on the face value of Rs. 2 per equity share, for the financial year 2025–2026 had been approved by the Board of Directors of the Company through a resolution on Wednesday, June 11, 2025. The first interim dividend shall be duly paid within the stipulated timelines as prescribed under law, said the company in its release. Vedanta subsidiary Hindustan Zinc has a good dividend history and dividend yield of 3.54%. It has declared a dividend of ₹ 19 over the last 12 months, as per Trendlyne data. With a record date of August 28, 2024, the company's most recent dividend announcement was for ₹ 19. The record date for the first interim dividend payment for financial year 2025-26 is Tuesday, June 17, 2025. A final dividend of Rs. 3 per equity share of ₹ 10 each of the company was recommended by the Board of Directors of Shankara Building Products at its meeting on May 16, 2025, and would be approved by the shareholders at the Annual General Meeting (AGM) on Tuesday, June 24, 2025. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
16-06-2025
- Business
- Business Standard
Dividend stocks: These 2 shares to turn ex-date tomorrow; are you eligible?
Dividend stocks: Shares of Hindustan Zinc and Shankara Building Products will remain in the spotlight today as they trade ex-dividend tomorrow, Tuesday, June 17, 2025, following the announcement of dividend rewards for their shareholders. The ex-date refers to the day a stock begins trading without entitlement to the dividend, meaning investors must own the stock before this date to receive the payout. The companies, however, finalise the eligible shareholders based on their records as of the record date. Hindustan Zinc dividend 2025 Hindustan Zinc has informed the exchanges that its board has approved the first interim dividend of ₹10 per equity share, i.e., 500 per cent on the face value of ₹2/- per equity share for the financial year 2025-26. "The record date for the purpose of payment of the first interim dividend is Tuesday, June 17, 2025, and the first interim dividend shall be duly paid within the stipulated timelines as prescribed under law," Hindustan Zinc said in an exchange filing on the BSE. Shankara Building Products dividend 2025 Shankara Building Products, in an exchange filing on the BSE, has said that its board has recommended a final dividend of ₹3 per equity share of ₹10 each of the company for approval by the shareholders at the Annual General Meeting (AGM) scheduled to be held on Tuesday, June 24, 2025. The company has fixed Tuesday, June 17, 2025, as the record date for determining entitlement of members to the final dividend for the financial year ended March 31, 2025. It is worth noting that the company is under Additional Surveillance Measure (ASM ST: Stage 1) on the BSE. Stocks trading ex-date today Besides these, shares of Tata Technologies, Bajaj Finance, Honeywell Automation India, and LKP Securities will remain in focus as they trade ex-date today. Among them, Tata Technologies trades ex-dividend for the announcement of a special dividend of ₹3.35 and a final dividend of ₹8.35 per share for its shareholders. Honeywell Automation India, and LKP Securities will trade ex-dividend following the announcement of a final dividend of ₹105 per share and ₹0.30 per share, respectively.
Mint
10-06-2025
- Business
- Mint
Madhu Kela's Singularity Equity Fund acquires stake in this small-cap stock via block deals worth ₹42.60 crore
Small-cap stock Shankara Building Products saw a sharp rise in investor interest after ace investor Madhu Kela's fund acquired a significant stake through block deals. In a notable transaction on June 9, Singularity Equity Fund I, backed by renowned investor Madhu Kela, acquired 4.6 lakh shares of Shankara Building Products at ₹ 926.1 per share via block deals for a total of ₹ 42.6 crore. The company, a leading organised retailer of home improvement and building products in India, operates under the brand name "Shankara Buildpro". The acquisition came alongside a major stake sale by the company's promoter and Managing Director, Sukumar Srinivas, who offloaded a 7.8 percent stake through open market transactions, amounting to ₹ 176 crore. According to BSE data, Srinivas sold 19 lakh shares at an average price of ₹ 926.1 apiece, bringing the promoters' holding down to 41.41 percent from 49.25 percent earlier. Besides Kela's fund, other prominent investors such as Chartered Finance and Leasing, Ace Infracity Developers, Sageone Investment Managers LLP, and foundations like Riti Foundation, RR Foundation, S R Foundation, and Swati Foundation also participated in the block deals. Shankara Building Products reported a 17.46 percent year-on-year rise in net profit at ₹ 28.45 crore for the quarter ended March 2025, up from ₹ 24.22 crore in the year-ago period. Revenue for the quarter surged 19.08 percent to ₹ 1,639.16 crore versus ₹ 1,376.55 crore in Q4FY24. However, for the full year, the company posted a 4.60 percent decline in net profit to ₹ 77.40 crore from ₹ 81.13 crore in FY24, despite a 17.98 percent rise in revenue to ₹ 5,696.69 crore. During its earnings call, the management highlighted that the steel sector faced considerable headwinds through the year, primarily due to a decline in realisations, which in turn pressured margins. Still, the company clocked a robust 30 percent volume growth in FY25. According to Vice President Dhananjay Mirlay Srinivas, segments like structural steel tubes and pipes have shown resilient demand, enabling the company to maintain growth momentum. Shares of Shankara Building Products surged 6.7 percent in the previous session following the block deals and touched a new 52-week high of ₹ 1056.60. On Tuesday, June 11, the stock gained another 2.6 percent to hit an intraday high of ₹ 1,024. With this, the smallcap stock has rallied nearly 130 percent from its 52-week low of ₹ 444.40 hit in October 2024. In the past one year alone, it has delivered a 44 percent return. The upward momentum has continued in recent months, with gains of 23 percent so far in June, extending its winning streak to four straight months—after rising 36.5 percent in May, 5.4 percent in April, and 2.5 percent in March. The stock, however, faced pressure earlier in the year with declines of over 10 percent each in January and February.
Mint
10-06-2025
- Business
- Mint
Madhu Kela's Singularity Equity Fund acquires stake in this small-cap stock via block deals worth ₹42.60 crore
Small-cap stock Shankara Building Products saw a sharp rise in investor interest after ace investor Madhu Kela's fund acquired a significant stake through block deals. In a notable transaction on June 9, Singularity Equity Fund I, backed by renowned investor Madhu Kela, acquired 4.6 lakh shares of Shankara Building Products at ₹ 926.1 per share via block deals for a total of ₹ 42.6 crore. The company, a leading organised retailer of home improvement and building products in India, operates under the brand name "Shankara Buildpro". The acquisition came alongside a major stake sale by the company's promoter and Managing Director, Sukumar Srinivas, who offloaded a 7.8 percent stake through open market transactions, amounting to ₹ 176 crore. According to BSE data, Srinivas sold 19 lakh shares at an average price of ₹ 926.1 apiece, bringing the promoters' holding down to 41.41 percent from 49.25 percent earlier. Besides Kela's fund, other prominent investors such as Chartered Finance and Leasing, Ace Infracity Developers, Sageone Investment Managers LLP, and foundations like Riti Foundation, RR Foundation, S R Foundation, and Swati Foundation also participated in the block deals. Shankara Building Products reported a 17.46 percent year-on-year rise in net profit at ₹ 28.45 crore for the quarter ended March 2025, up from ₹ 24.22 crore in the year-ago period. Revenue for the quarter surged 19.08 percent to ₹ 1,639.16 crore versus ₹ 1,376.55 crore in Q4FY24. However, for the full year, the company posted a 4.60 percent decline in net profit to ₹ 77.40 crore from ₹ 81.13 crore in FY24, despite a 17.98 percent rise in revenue to ₹ 5,696.69 crore. During its earnings call, the management highlighted that the steel sector faced considerable headwinds through the year, primarily due to a decline in realisations, which in turn pressured margins. Still, the company clocked a robust 30 percent volume growth in FY25. According to Vice President Dhananjay Mirlay Srinivas, segments like structural steel tubes and pipes have shown resilient demand, enabling the company to maintain growth momentum. Shares of Shankara Building Products surged 6.7 percent in the previous session following the block deals and touched a new 52-week high of ₹ 1056.60. On Tuesday, June 11, the stock gained another 2.6 percent to hit an intraday high of ₹ 1,024. With this, the smallcap stock has rallied nearly 130 percent from its 52-week low of ₹ 444.40 hit in October 2024. In the past one year alone, it has delivered a 44 percent return. The upward momentum has continued in recent months, with gains of 23 percent so far in June, extending its winning streak to four straight months—after rising 36.5 percent in May, 5.4 percent in April, and 2.5 percent in March. The stock, however, faced pressure earlier in the year with declines of over 10 percent each in January and February. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
