Bonus issues, stock splits & dividends: HDB Financial, IRFC, TechM among 19 stocks turning ex-record date this week
HDB Financial Services left its position unchanged in a corporate actions development with October 19-23 in focus.
· ET Stocks, Economic Times Markets, LiveMint Markets
Around 19 companies including LTIMindtree, Tech Mahindra, IRFC, HDB Financial Services, and Angel One have fixed their record dates for dividends, stock splits, and bonus issues during the week of October 19-23. Investors must hold shares in their demat accounts by the record date to qualify.
Key facts
- Dates in focus
- October 19-23
The analysis
Against that, the stock is -0.2% on the day at ₹498.55, and has returned -26.8% over three months. It sits 36% below its 52-week high, which means a good deal of bad news was already in the price. The financial services sector has moved -14.9% over the same period, so HDB Financial Services is running 11.9 points behind its peers.
For HDB Financial Services, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Why it matters
- Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
Market context
- The 5 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 2 of 5 are higher: Ltimindtree leads at +3.4% and Angel One trails at -3.9%.
- Over three months: HDB Financial Services -26.8% against Financial Services -14.9% (11.9 points behind); Indian Railway Finance (IRFC) -17.5% against Financial Services -14.9% (2.6 points behind); Ltimindtree -4.7% against IT -3.1% (1.6 points behind); Tech Mahindra +7.3% against IT -3.1% (10.4 points ahead).
- At least 25% below the 52-week high: HDB Financial Services (36%), Indian Railway Finance (IRFC) (45%) and Ltimindtree (34%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HDB Financial ServicesHDBFS · Financial Services | ₹498.55 | -0.2% | -19.8% | -26.8% | -35.5% | 0.2× | — |
| Indian Railway Finance (IRFC)IRFC · Financial Services | ₹73.37 | -3.1% | -7.5% | -17.5% | -45.1% | 0.8× | — |
| LtimindtreeLTM · IT | ₹4,233.50 | +3.4% | +4.7% | -4.7% | -33.9% | 0.8× | — |
| Tech MahindraTECHM · IT | ₹1,790.80 | +1.2% | +17.5% | +7.3% | -2.4% | 0.7× | — |
| Angel OneANGELONE · Capital Markets | ₹282.25 | -3.9% | +3.0% | -3.2% | -20.4% | 0.8× | — |
Financial Services
1M -8.8% · 3M -14.9%
HDB Financial Services, Indian Railway Finance (IRFC)
IT
1M +5.2% · 3M -3.1%
Ltimindtree, Tech Mahindra
Capital Markets
1M -2.9% · 3M -6.3%
Angel One
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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