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Singleton
Hi
It tanked a bit today.
Obviously the market did not like the parent company's action.
I am also keen to know about it.I am a value investor rather than a momentum trader.
Somebody will have to guide us.
Regards

I would guess that it went down because of a higher supply in the market (from the Parent's stock sale). Also read somewhere that the parent company is planning to sell in tranches which might keep the price down for a longer period of time (till the high supply lasts). Don't know how low the price can go though.

Have seen Tata Motors in my portfolio drop from a high of 316 to a low of 212 today! (buy price was 220)

icicidirect has refreshed its low bandwidth site (LBS). Noticed today when I logged in from my iphone, may be after a week's time (dont remember correctly). So I guess this change came into being within last week. The earlier lbs one was more of a pure text only version- this looks more of a mobile version.
Though I noticed, MF section couldnt be accessed, Still a welcome move...

anyone...?

Everyone, I have been buying and selling stock for some time, but can't recall even one instance where I got any dividend. Didn't care much earlier because dividend yields were too poor to bother, but now with stock market depressed (and hence no stock sales from my side for a long time) quit a bit of my returns are stuck in dividends.

Can you enlighten me as to how to get it? I read on the internet via many company websites that some form has to be given to the DP, however does it have to be done for every company or does it have to be done one time for the account?

Also how to get the money from companies that declared dividend last year but haven't paid me yet?

In mutual fund cases, it will be direct credit to your account unless you explicitly tell them to provide a cheque.
But in case of shares, the direct credit to your account or a cheque sent by snail mail depends on registrar of that company.
Nowadays majority of these have switched to direct bank a/c credit however few still sticks to old method of sending cheque.

Get the email of the registrar of the particular company and send your details about not getting dividend or missed collecting the dividend provided. They will guide you to get you dividend.

Would I have to register for each company individually or just one registration with my Depository enough?

Just one form submitted to your depository will do, you need to enclose a cancelled cheque from the bank account.

You would need to fill up a form with your DP with relevant bank account details. Only one form is needed. The DP will forward the account details to all the companies in your portfolio.

The ECS (electronic clearing service) came into practice quite a long time ago. Were you not contacted by your DP at any time in the past for this? Cheques are sent only in those cases where shares are still in physical form, not dematerialized (DEMAT).

For not receiving dividend by cheques, you can either contact the Registrar of Companies or the company directly through their website or letter.

Just contact your DP for all of the above, this is a relatively easy process, so don't worry.

Small point, please change the title of the thread to read "Credit" instead of "Debit".
Dividend and income will always be credited, any expense or payment will be debited.:D

If the dividend relates to a period more than 7 financial years back, then it has been transferred to the IEPF - see link. There is a very convoluted procedure to claim that - talk to he local office of the ROC/MCA. For less than 7 years talk to your DP/registrars of the respective companies.

Thanks Pranav

I started my account with HDFC securities back in April 2009 - correctly predicted the upswing in securities and made a killing :), though thanks to their paperwork non sense it took 2 months at that time (which means a substantial part of potential killing was lost). I already had an account with HDFC bank, I use the same account for trading related money transfers.

Anyway, most of the companies bought at the time had hardly any dividends - stock prices were high and profits non existent. So I didn't worry too much about dividends.

Lately I bought some stocks which are giving pretty high dividend yields (JK Bank - 3.3%) and I have been holding these stocks for a long time, so the dividends are getting accumulated.



I always expected the ,money to be credited directly, I assumed that HDFC bank guys would have done the formalities. However I haven't seen a single credit of the dividend, so I guess these guys never did their job.


Thanks a lot sir. Fortunately I haven't been investing that long, so this should not be a problem.

You can do one thing. Check the website of each company whose shares you hold. Normally each company would have a link of performance/dividend history. There you can check the record dates as well as amount of dividend declared by the company. If you have held shares during that period and have not received dividend either by ECS or cheque, you can contact HDFC securities and take them to task.

Guys,
I have a question. I am planning to close my account with Sharekhan, however i still have a few stocks which i have invested in. I do not want to sell it. Is it possible for me to still keep the stocks and close the account? or is selling off my stocks only option?

Transfer your shares to your another demat a/c,simple.
https://nsdl.co.in/guidedtour/investor4.php