Bonus shares to be issued by these multibagger stocks this week; do you own any?

Bonus shares are the shares issued to existing shareholders at no extra cost. The company does this to reduce the share price in proportion to the bonus shares issued or increase liquidity in the same.

Bonus shares are the shares issued to existing shareholders at no extra cost. The company does this to reduce the share price in proportion to the bonus shares issued or increase liquidity in the same.

BCL Enterprises:  

This smallcap company from the housing-finance space, announced the issuance of bonus shares on February 2, 2022. The core business of the company is to carry on the business of financiers, (not amounting to banking business) by way of lending and advancing money to industrial, commercials and other enterprises. The company's stock was locked in a 5 per cent upper circuit today and traded at Rs. 63.6 per share on the BSE. This is another multibagger stock that has delivered 500 per cent returns in 1 year. 

Ultracab (India): 

The company has declared a bonus share issue in the proportion of 1:2. Ultracab (India) Ltd is a leading company in wires and cable manufacturers in India. The company is situated in Shapar Veraval, District Rajkot, and was incorporated in 2007. As one of the leading producers and exporters of electric wires and cables in India, they are working in this sphere for more than 22 years. The stock’s value has increased by 10 per cent in just the past 5 days. The company has delivered a return of 77 per cent in the last 1 year.  

 Vishal Fabrics:  

The textile spinning firm announced a 2:1 bonus share issuance on January 27, 2022. The Gujarat based company is a reputed entity engaged in dyeing, printing, and processing denim, and other wide range of fabrics. The stock today rose by almost 10 per cent and ended the day at Rs 122.50. It has appreciated by 71 per cent in the past 1 year period.