{"id":105399,"date":"2023-07-19T15:05:00","date_gmt":"2023-07-19T09:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105399"},"modified":"2023-07-19T14:49:19","modified_gmt":"2023-07-19T09:19:19","slug":"multibagger-auto-stock-announces-bonus-issue-of-11-check-the-record-date-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-auto-stock-announces-bonus-issue-of-11-check-the-record-date-here\/","title":{"rendered":"Auto stock with 208% returns sets record date for bonus issue of 1:1; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3094871165\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India&#8217;s largest producer of pistons and engine valves, with a market capitalization of Rs 4,846 crores, has set July 24th as the record date for bonus issuance, with the stock gaining over 4% on Wednesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3087109628\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SHRIPISTON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Shriram Pistons &amp; Rings Ltd<\/a><\/strong> shares were trading at Rs 2,200.55&nbsp; per share on the NSE at 2:24 p.m., up Rs 32.70&nbsp; or 1.51&nbsp; percent.<\/p><p>As per the NSE filing of the company,On June 13,2023, the board of directors approved the Bonus Issue of Equity Shares in to a ratio of 1:1, that indicates that the company will issue one bonus share for every present shareholder&#8217;s share.The Company has selected Monday, July 24, 2023 as the Record Date for determining the Company&#8217;s list of shareholders.<\/p><p>Furthermore, the shareholders authorised the issuing of the above Bonus Equity Shares at their meeting on Thursday, July 6, 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2872284133\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s share has delivered multibagger returns of 208 percent in a year, If a shareholder had invested Rs 1 lakh in the company that would be worth Rs 3.08&nbsp; lakhs in a year.<\/p><p>Shriram Pistons &amp; Rings Ltd is a company that designs and manufactures pistons, piston rings, and engine valves for original equipment manufacturers. Its products are used in passenger and commercial vehicles throughout India, Europe, North America, Asia, Australia, and South Africa.<\/p><p>Company\u2019s revenue increased by 26 percent year on year, from Rs 2,064 crore in FY 21-22 to Rs 2,609 crore in FY 22-23. Net profit climbed by 80 percent within the same time period, from Rs 163 crore to Rs 293 crore.&nbsp;<\/p><p>As per current shareholding pattern, the promoters own 46.75 percent of the company,Domestic institutional investors own 10.05 percent, while retail investors own 43.2 percent.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3881975768\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India&#8217;s largest producer of pistons and engine valves, with a market capitalization of Rs 4,846 crores, has set July 24th as the record date for bonus issuance, with the stock gaining over 4% on Wednesday. Shriram Pistons &amp; Rings Ltd shares were trading at Rs 2,200.55&nbsp; per share on the NSE at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":102700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10088,10086,948,936,10087],"class_list":["post-105399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-shriram-pistons-rings-bonus-issue-2023","tag-shriram-pistons-rings-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-shriram-pistons-rings-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto stock with 208% returns sets record date for bonus issue of 1:1; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of India&#039;s largest producer of pistons and engine valves, with a market capitalization of Rs 4,846 crores, has set July 24th as the record date for bonus issuance, with the stock gaining over 4% on Wednesday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-auto-stock-announces-bonus-issue-of-11-check-the-record-date-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto stock with 208% returns sets record date for bonus issue of 1:1; 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