Bonus shares are additional shares that are issued by the company to the existing shareholders without any additional cost. These shares are generally issued in a ratio determined by the board of directors. The record date is a cut-off date that determines the eligibility viz an investor should own the share on the record date.
Here are 4 multibagger stocks that will trade ex-bonus this week:
Excel Realty N Infra Limited
The shares of the company declined by 2.7 per cent and were trading at Rs 8.75 levels in the early hours on Tuesday. In the last five days, the stock has shed approximately 12 per cent. In the span of a year, the stock has delivered a multibagger return of 182 per cent as the price has risen from Rs 3 a piece in September 2021 to the current levels.
The company has announced a Bonus issue of shares. The company will issue shares in the ratio of 1:2 which means One equity share shall be issued for every two equity shares held by investors. For this purpose, the record date has been set as September 28th, 2022.
Excel Realty N Infra Limited (Formerly known as Excel Infoways Limited) is engaged in the development of Infrastructure facilities, IT-enabled BPO services & general trading activities.
Bharat Gears Limited
The shares of the company have zoomed by 16.8 per cent to trade at Rs 162 levels on Tuesday. In September 2020, the stock was trading at Rs 44 a piece. From there it has climbed up to the current levels thereby delivering a multibagger return of 269 per cent.
The company will issue Bonus shares in a 1:2 ratio. This means that one bonus share will be issued for every Two equity shares held by the investors. For this, the record date has been set as September 28th, 2022
Bharat Gears Ltd is the largest gear manufacturer in India. It primarily manufactures automotive Gear Boxes, Transmission Gears and Shafts, Differential Gears, and Ring Gears and Pinions.
Pondy Oxides and Chemicals Limited
The shares of Pondy Oxides and Chemicals were trading down by 4.3 per cent at Rs 1,038 levels on Tuesday. However, the share price has zoomed from Rs 457 in January 2022 to the current levels logging a multibagger return of 127 per cent YTD. On a yearly basis, the stock has delivered 151 per cent.
The company will soon issue Bonus shares for its investors. The share will be issued in the ratio of 1:1 i.e, the company will pay one bonus share on every existing one equity share. The company has fixed September 29th as the record date
Pondy Oxides is the country’s leading lead, lead alloys, and plastic additives, producer. The best grade lead and lead alloys, as well as PVC additives, are produced by POCL, a prominent secondary lead smelter in India.
Ruchira Papers Limited
The shares of Ruchira Papers were trading 1.3 per cent higher at Rs 130 levels in the early hours on Tuesday. In a longer time frame, the stock price has risen from Rs 50 a piece in September 2020 to the current levels logging a multi-bagger return of 155 per cent.
The company will issue bonus shares in the ratio of 1:10. This means that One new fully paid-up equity share will be issued for every Ten existing fully paid-up equity shares held by investors. The record date for the purpose is October 10, 2022.
Ruchira Papers Ltd produces writing, printing, and Kraft goods. It provides a wide range of papers used for printing, stationery, and packaging.
Written by Anoushka Roy
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
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