August 26, 2015

F&O Event Tracker

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Ak123RESEARCH
F&O Stocks Tracker of Forthcoming Corporate Action from August 27 2015 to September 26, 2015
Sl.No.

Scrip

Ex Date

From

To

Rs.

Futures
Price
Rs.

1
2

Aditya Birla Nuvo

BHEL

02/09/2015
14/09/2015

04/09/2015
16/09/2015

15/09/2015
22/09/2015

Dividend
Dividend

70%
31%

10
2

2069.95
227.25

3
4

Bharat Petroleum
GAIL

28/08/2015
27/08/2015

01/09/2015
29/08/2015

09/09/2015
16/09/2015

Dividend
Dividend

225%
30%

10
10

863.05
284.40

5
6

Grasim
Hindalco Industries

03/09/2015
07/09/2015

05/09/2015
09/09/2015

19/09/2015
16/09/2015

Dividend
Dividend

180%
100%

10
1

3448.00
79.80

7
8

HPCL
IOCL

02/09/2015
04/09/2015

04/09/2015
08/09/2015

10/09/2015
15/09/2015

Dividend
Dividend

245%
66%

10
10

828.50
406.15

9
10

IFCI
Indraprastha Gas

11/09/2015
09/09/2015

15/09/2015
11/09/2015

21/09/2015
22/09/2015

Dividend
Dividend

5%
60%

10
10

19.70
456.65

11
12

Larsen & Toubro

NHPC

01/09/2015
10/09/2015

03/09/2015
12/09/2015

09/09/2015
23/09/2015

Dividend
Dividend

812.50%
4%

2
10

1624.80
16.70

13
14

ONGC
Oracle Financial Service

07/09/2015
03/09/2015

09/09/2015
07/09/2015

15/09/2015
11/09/2015

Dividend
Dividend

10%
3600%

5
5

233.60
4072.40

15
16

PTC India
Power Grid Corporation

16/09/2015
07/09/2015

19/09/2015
09/09/2015

24/09/2015
15/09/2015

Dividend
Dividend

22%
13.10%

10
10

56.25
131.25

REC

09/09/2015

11/09/2015

16/09/2015

Dividend

27%

10

242.20

Stock Split / Bonus / Dividend

BC/RD Date

Event

Benefit

Face Value

In case of stocks having a high dividend yield, it is observed that the futures start trading at a discount to the spot (by an amount less than the dividend
expected) immediately on the announcement of the dividend. The discount keeps fluctuating till the Ex-date, when the spot price attains parity with the
futures price. After this date, the futures start trading at the regular premium.
However, the small dividend (in terms of yield) announcements are seen to have no material impact on the discount/premium of stock futures to the spot
price.
Bonus or stock split announcements are seen to have no major impact on the stock futures trading at a premium/discount to the spot (either before or
after the Ex-date).

Board meetings/ Announcement Dates for F&O stocks from August 27 2015 to September 26, 2015
S. No.

Scrip
Nil

Board Meeting/
Announcement Date

Board Meeting Purpose

Impact

Stock Futures (September 2015) currently trading at a significant discount/premium

S.No.
1
2
3
4
5
6
7
8
9
10
11
12
13

Scrip
Reliance Infra
PTC
SAIL
TVS Motor
OFSS
OIL
IOB
HPCL
Reliance Capital
M&M Financial
Bata India
BPCL
IFCI

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Stocks Trading at a significant discount/ Premium

Reason

Discount of Rs.15.35 or 5.1%

Stock price expected to fall in near term by traders

Discount of Rs.2.60 or 4.9%

Discount of Rs.2.25 or 4.8%

Stock going Ex dividend on 16-September-2015

Stock price expected to fall in near term by traders

Discount of Rs.8.30 or 3.8%

Discount of Rs.144.85 or 3.7%
Discount of Rs 15.15 or 3.5%

Stock price expected to fall in near term by traders

Stock going Ex dividend on 03-September-2015
Stock price expected to fall in near term by traders

Discount of Rs.1.05 or 3.1%

Discount of Rs.19.60 or 2.4

Stock price expected to fall in near term by traders

Stock going Ex dividend on 02-September-2015

Discount of Rs 6.75 or 2.4%

Discount of Rs.5.95 or 2.4%

Stock price expected to fall in near term by traders

Stock price expected to fall in near term by traders

Discount of Rs.22.85 or 2.2%

Discount of Rs.17.65 or 2.1%
Discount of Rs.0.40 or 2.1%

Stock price expected to fall in near term by traders

Stock going Ex dividend on 28-August-2015
Stock going Ex dividend on 11-September-2015

14
15
16

NMDC
SRF
NHPC

Discount of Rs.1.85 or 2.1%

Stock price expected to fall in near term by traders

Discount of Rs.23.45 or 2.0%

Discount of Rs.0.30 or 1.8%

Stock price expected to fall in near term by traders

Stock going Ex dividend on 10-September-2015

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reported or copied or made available to others. It should not be considered to be taken as an offer to sell or a solicitation to buy any security. The information contained
herein is from sources believed reliable. We do not represent that it is accurate or complete and it should not be relied upon as such. We may have from time to time
positions or options on, and buy and sell securities referred to herein. We may from time to time solicit from, or perform investment banking, or other services for, any
company mentioned in this document. This report is intended for non-Institutional Clients only.
This report has been prepared by the Retail Research team of HDFC Securities Ltd. The views, opinions, estimates, ratings, target price, entry prices and/or other
parameters mentioned in this document may or may not match or may be contrary with those of the other Research teams (Institutional, PCG) of HDFC Securities Ltd.

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