{"id":143139,"date":"2025-01-21T16:00:15","date_gmt":"2025-01-21T10:30:15","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=143139"},"modified":"2025-01-21T16:00:18","modified_gmt":"2025-01-21T10:30:18","slug":"psu-stock-jumps-after-companys-board-sets-record-date-for-11-bonus-issue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-jumps-after-companys-board-sets-record-date-for-11-bonus-issue\/","title":{"rendered":"PSU stock jumps after company&#8217;s board sets record date for 1:1 bonus issue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-226692557\"><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 this Gas Distribution company engaged in the business of city gas distribution in Delhi NCT is in focus following the announcement regarding the Record Date for the Bonus Issue.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3636498340\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action<\/strong><\/h2><p>With a market capitalization of Rs. 27,821.53 crores, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/IGL\" target=\"_blank\" rel=\"noreferrer noopener\">Indraprastha Gas Limited<\/a><\/strong> jumped 1.4 percent to a day\u2019s high of Rs 407.95 today, compared to the previous closing price of Rs. 402.40. The stock had reiterated from its day\u2019s high and was trading at Rs. 397.20 which is 1.29 percent lower than the previous closing price.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>The company\u2019s stock was in focus after the Bonus Issue Committee announced the record date for the Bonus Issue. Its shareholders will receive bonus shares in a ratio of 1:1. This means that IGL investors will get an additional share for every share they hold.<\/p><p>The Board has set Friday, January 31, 2025, as the Record Date for determining whether shareholders are eligible to receive the aforementioned Bonus Shares. As a result, Monday, February 3, 2025, will be the date of allotment of the Bonus Shares of the Company.<\/p><div class=\"trade-content_5\" id=\"trade-783914930\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials<\/strong><\/h2><p>The company\u2019s revenue stands at Rs 3,780.62 crore, up by 7.4 percent from Rs 3,520.18 crore in Q2FY24-25. This was accompanied by a decrease in profits from Rs 552.67 crore in Q2FY24 to Rs 454.88 crore for Q2FY25.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company<\/strong><\/h2><p>Indraprastha Gas Limited (IGL) is a leading City Gas Distribution company in India operating across 4 states and a presence in 11 geographical locations. They serve over 2.8 million households with approx 5,000 industrial customers and 6,300 commercial customers. The company also operates 884 CNG stations.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shwetha Sairam<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-2010896258\"><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 this Gas Distribution company engaged in the business of city gas distribution in Delhi NCT is in focus following the announcement regarding the Record Date for the Bonus Issue. Price Action With a market capitalization of Rs. 27,821.53 crores, Indraprastha Gas Limited jumped 1.4 percent to a day\u2019s high of Rs 407.95 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":37503,"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":[2890,25295,26420,12215,3601,948,936,3157],"class_list":["post-143139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-indraprastha-gas","tag-indraprastha-gas-bonus-issue","tag-indraprastha-gas-news","tag-indraprastha-gas-share-price","tag-psu-stock","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"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>PSU stock jumps after company&#039;s board sets record date for 1:1 bonus issue - 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