Bonus Share 2022: In the month of August 2022, the Indian stock market remained highly volatile due to various domestic and international triggers. RBI policy at home; FED commentary, geopolitical issues and China’s COVID situation were the key factors that propelled the markets. during the process; The Nifty 50 index rallied around 18,000 mark during the first half of the month and then dropped to 17,200 and eventually closed near 17,800 with a gain of almost 3 per cent. However, the past month will be remembered for developments related to bonus share And also the dividend. This trend is expected to continue in September 2022 as well as 8 stocks are going to trade ex-dividend on 5th September 2022.
Here we are listing 4 stocks which are going to trade ex-bonus this week:
1]Wind Industry: The Board of Directors of this small-cap company has approved and declared 1:1 bonus shares for its shareholders. The company board has also fixed the record date for bonus shares as 6th September 2022, which means that the shares of Pavana Industries Limited will trade ex-bonus on 5th September 2022.
2]GAIL India: The Maharatna Company has approved and declared Bonus Shares in the ratio of 1:2. The state-owned company has also fixed the record date of bonus shares as 7th September 2022, which means GAIL shares are going to trade ex-bonus on 6th September 2022 i.e. Tuesday of this week. In August 2022, GAIL had traded ex-dividend for payment of 1 Final Dividend for the financial year 2021-22.
3]Escorp Asset Management: The Board of Directors of this asset management company has approved and declared two bonus shares for every three shares held by its shareholders. This means that the company has declared bonus shares in the ratio of 2:3. The company board has also fixed the bonus share record date as 7th September 2022 which means AMC stock will trade ex-bonus on 6th September 2022.
4]Jyothi resins: Shares of this chemical stock is one of the multibagger stocks in 2022. It has delivered more than 250 per cent return on year-on-year (YTD) time to its shareholders. The Board of Directors of the company has approved and declared 2 bonus shares for each stock held by its shareholders, which means that the bonus shares are declared in the ratio of 2:1. The chemical company has fixed 9th September 2022 as the date for recording bonus shares i.e. Multibagger Chemical stock will trade ex-bonus on 8th September 2022 i.e. Thursday this week.
Bonus shares are additional shares that a company offers free of charge to its existing shareholders based on the number of shares they hold. Unlike dividends, there is no cash flow in issuing bonus shares because the company pays out of its reserves or from its earnings.
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