As many as 20 stocks including heavyweights Reliance Industries (RIL), Zudio and Westside-parent Trent and others will turn ex-date for corporate actions such as dividends, bonus issues and stock splits in the coming week between June 1 (Monday) and June 5 (Friday).

Investors must hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate actions. The list remains tentative, as more companies may announce record dates for dividends, bonus issues and stock splits during the week.

Colgate Palmolive (India) and Epigral shares will turn ex-record dates for interim dividend of Rs 24 and final dividend of Rs 5, respectively, on Monday, kickstarting the week full of corporate actions. On Tuesday, the shares of Setco Automotive will turn ex-record date for an interim dividend of Rs 13 per share.

Anand Rathi Wealth bonus issue record date

Anand Rathi Wealth’s board last month approved a bonus issue of shares in the ratio of 1:1 by capitalising its reserves. Anand Rathi Wealth said that it will issue one new fully paid-up equity share with a face value of Rs 5 for every existing fully paid-up equity share held by the eligible shareholders as on the record date, which is fixed on June 3 (Wednesday).

Ashok Leyland dividend record date
Ashok Leyland on May 28 released its Q4 results, and announced a second interim dividend of Rs 2.5 per share with a face value of Re 1 each for the financial year 2026. The dividend would be paid on or before June 26. The record date to determine the eligibility of shareholders set to receive the payment has been fixed on June 3 (Wednesday). The company said that there will not be any final dividend for the financial year 2026.
Additionally, the shares of Foseco India, Monarch Surveyors and Engineering Consultants, and Navneet Education will also turn ex-record dates on Wednesday for their respective dividends worth Rs 25, Rs 1.6 and Rs 1.5 per share. Trent bonus issue record date
Zudio and Westside-parent Trent shares will turn ex-record date on June 4 for its first-ever bonus issue, offering shares in a 1:2 ratio to more than five lakh shareholders. Earlier in April, the Tata Group-company had announced the 1:2 bonus issue along with Rs 6 dividend and Q4 results. The Tata Group company said that it will issue one bonus share for every two shares owned as on the record date. Around 17.77 crore shares with a face value of Re 1 each will be issued as part of the offer.

The shares of Rallies India meanwhile will turn ex-record date for Rs 3 final dividend on Thursday (June 4).

Reliance Industries dividend record date
Reliance Industries (RIL) has fixed June 5 (Friday) as the record date for determining shareholders eligible to receive dividend for FY26. The company’s board had earlier recommended a dividend of Rs 6 per share for the financial year ended March 2026. The dividend, if approved at the AGM, will be paid within seven days of the meeting.

Bank of Baroda also will turn ex-record date for its final dividend of Rs 8.5 per share on Friday, along with Cipla (Rs 13), ICICI Prudential Life Insurance Company (Rs 1.65), JSW Energy (Rs 2), Archaen Chemical Industries (Rs 2.5), HDFC Asset Management Company (Rs 54), Ponni Sugars (Rs 5) and Qgo Finance (Rs 0.15).

E2E Networks meanwhile will undergo its stock split on Friday.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The stock market often appears simple from a distance: buy low, sell high, and compound wealth. Yet in practice, it repeatedly humbles even experienced investors. As legendary financier Bernard Baruch observed, “The main purpose of the stock market is to make fools of as many men as possible.”

This statement is not cynicism, it is a warning about human behaviour, crowd psychology, and the emotional traps embedded in investing.

The Market Is Not Designed to Be Easy

Markets are driven by millions of participants reacting to news, fear, greed, liquidity, and macroeconomic shifts. Prices rarely reflect just “value”; they reflect expectations about the future, and expectations constantly change.

This creates a system where:

• Good news is often already priced in
• Bad news arrives when optimism is highest
• Volatility increases precisely when conviction is strongest

Baruch understood that the market does not reward intelligence alone, it rewards discipline, patience, and emotional control.
Why Most Investors Fail at TimingOne of Baruch’s strongest warnings was against market timing. He believed that trying to perfectly buy at the bottom and sell at the top is not just difficult, it is impossible.

In reality:

• Bottoms are clear only in hindsight
• Tops feel like the beginning of more gains
• Emotional bias leads investors to act late

This is why many investors buy in euphoria and sell in panic, exactly the opposite of what creates wealth.

The Danger of “Tips” and Noise

Baruch was deeply sceptical of stock tips and so-called “inside information”. He warned that most investors lose money not because they lack information, but because they misuse it.

Key insights:

• Information is abundant, but insight is rare
• Noise often disguises itself as opportunity
• Confidence increases when information is misunderstood

In modern markets, this problem has only intensified with social media, news overload, and instant opinions.

Investing Requires Real Work

Baruch emphasised that investing is not a passive activity. It requires effort, understanding, and attention.

He suggested investors should:

• Study companies thoroughly
• Understand earnings, management, and industry trends
• Continuously update their assumptions

Successful investing is not about guessing, it is about understanding businesses deeply enough to withstand uncertainty.

Losses Are Part of the Process

Another powerful Baruch lesson is about accepting mistakes quickly.

Many investors:

• Hold losing positions too long
• Hope for recovery instead of reassessing facts
• Let ego override logic

Baruch’s approach was simple: if the investment thesis breaks, exit without emotional attachment. Capital preservation is more important than being right.

Cash Is Not Idle, It Is Opportunity

Baruch also advised keeping part of your portfolio in cash. In a market driven by cycles, liquidity is not wasted capital, it is optionality.

Cash allows investors to:

• Act during corrections
• Avoid forced selling
• Wait for better opportunities

In his view, being fully invested at all times is not discipline, it is risk.

Focus Beats Over-Diversification

While diversification is important, Baruch warned against over-spreading investments. Too many holdings dilute attention and reduce understanding.

Instead, he believed in:

• Fewer, well-understood investments
• Continuous monitoring
• Deep knowledge over broad exposure

Quality of understanding matters more than the quantity of holdings.

The Real Edge in Markets

Baruch’s wisdom ultimately points to one truth:

The stock market does not beat you with complexity, it beats you with your own behaviour.

The real edge is not prediction, but discipline:

• Avoid emotional decisions
• Ignore noise and hype
• Accept uncertainty
• Think long term
• Act with patience, not impulse

In a world where everyone is trying to outsmart the market, Baruch’s message remains timeless: the market rewards those who stay rational when others cannot.