Investors are focusing on a list of dividend-paying stocks that are prepared to reward shareholders as November gets underway. In the first week of November, a number of firms, including FMCG giant Colgate-Palmolive (India) and defense giant Mazagon Dock Shipbuilders, announced interim or final dividends that are worth keeping an eye on.
As per the data of BSE, here are 9 dividend-paying stocks with record and ex-dates falling in the first week of November that may trigger market movement in the coming days.
Shree Cements
- Dividend: Rs 80
- Record date: 3rd November
- Ex-date: 3rd November
Shree Cements Target Price
“Shree Cement shows strength after retracement from ₹28,500 support. Sustaining above ₹29,000 could extend the rally toward ₹29,900-₹30,500. RSI positive near 60, indicating healthy momentum. Trend bullish; buy on dips,” recommended Riyank Arora, technical analyst at Mehta Equities Ltd.
Oracle Financial Services Software
- Dividend: Rs 130
- Record date: 3rd November
- Ex-date: 3rd November
Oracle Financial Target Price
“Stock consolidating after strong rally; holding above ₹8550 keeps trend intact. Breakout above ₹8750 could test ₹8900-₹9100. RSI near 60 suggests healthy trend continuation. Outlook: Positive; buy on breakout,” said Riyank Arora.
Colgate Palmolive (India)
- Dividend: Rs 24
- Record date: 3rd November
- Ex-date: 3rd November
Colgate Palmolive Target Price
“Colgate forming a bullish structure above ₹2240 support. Sustained strength may push prices to ₹2320-₹2360. RSI positive at 62 indicates momentum. Trend: Bullish; buy on dips,” commented Riyank Arora.
Supreme Industries
- Dividend: Rs 11.00
- Record date: 3rd November
- Ex-date: 3rd November
Supreme Industries Target Price
“Stock trending strong above all key averages. Next resistance at ₹3920; breakout may take it to ₹4000-₹4050. Support at ₹3780. RSI firm at 65 supports bullish momentum. Trend: Positive; maintain buy on dips,” commented Riyank Arora.
DCM Shriram
- Dividend: Rs 3.60
- Record date: 3rd November
- Ex-date: 3rd November
DCM Shriram Target Price
“Currently consolidating around ₹1320. Breakout above ₹1345 may fuel a rally to ₹1380-₹1410. Support at ₹1300. RSI improving with mild volume rise. Trend neutral to bullish; buy above ₹1345,” commented Riyank Arora.
Mazagon Dock Shipbuilders
- Dividend: Rs 6.00
- Record date: 4th November
- Ex-date: 4th November
Mazagon Dock Target Price
“Mazagon forming a higher base near ₹2720. Sustained trade above ₹2800 may lead to ₹2900-₹2950. RSI recovering from 50 zone. Trend remains bullish; buy near ₹2750 with stop loss ₹2700,” recommended Riyank Arora.
Sundram Fasteners
- Dividend: Rs 3.75
- Record date: 4th November
- Ex-date: 4th November
Sundram Fasteners Target Price
“Stock forming higher lows, indicating trend continuation. Holding above ₹955 could push toward ₹995-₹1020. RSI steady near 58, suggesting moderate strength. Immediate support at ₹950. Outlook: Positive bias; buy on dips for ₹1020-₹1040 targets,” commented Riyank Arora.
RailTel Corporation of India
- Dividend: Rs 1.00
- Record date: 4th November
- Ex-date: 4th November
RailTel Corporation Target Price
“Stock holding well near ₹365 support. Sustained trade above ₹380 can lead to ₹395-₹410. RSI showing recovery from lower levels. Trend neutral to positive; maintain buy on dips for ₹410 short-term target,” said Riyank Arora.
Happiest Minds Technologies
- Dividend: Rs 2.75
- Record date: 4th November
- Ex-date: 4th November
Happiest Minds Target Price
“Stock recovering from oversold levels; sustaining above ₹530 could target ₹550-₹565. Support at ₹510. RSI turning up signals short-term reversal. Trend: Positive bias; buy above ₹530,” commented Riyank Arora.