Dont miss action in these low-priced stocks as they are likely to announce bonus shares!
The stock got locked at the upper limit of the day and has become a multi-bagger in just a span of one month.
Of late, the key equity benchmark indices have been all over the place. The markets witnessed a deep cut on the back of Powell's speech at the Jackson Hole Symposium. However, at the lower levels, bargain hunting and value buying along with a statement from RBI Governor that going ahead, India's monetary policy will remain watchful, nimble-footed & calibrated helped the market to recover. It bolstered everyone and led to the feeling that Indian markets are on a different wicket completely compared to the rest of the world.
The positive catalysts for the Indian markets are plunging oil prices and calmed US bond market but in the near-term, elevated rate bets by US Federal Reserve remain the key headwind.
Going forward, we expect stock-specific action to continue on D-Street. In line with this, we have selected some stocks that could be in action amid corporate action as these stocks are likely to announce bonus shares in their upcoming board meetings.
So, here are the two stocks that are likely to be in action:
Sikko Industries: Its board meeting is to be held on Friday to recommend the issuance of bonus shares and to add objects related to pharmaceuticals goods to the main object of the company. The stock got locked at the upper limit of the day and has become a multibagger-pick ">Multi-bagger in just a span of one month.
Debock Industries: The company’s board meeting will be held on September 12, 2022, to consider a proposal for the issue of bonus shares to shareholders of the company in the ratio as it may deem fit by way of capitalisation of reserves, subject to the approval of the shareholders.
Note: This is just for information purposes. These are NSE listed stocks.