Dont miss action in these stocks as they are likely to announce bonus shares!
These stocks can announce bonus shares in the coming days; watch out for them!
Any discussion of cricket is incomplete without former Indian cricket team opening batsman, Virender Sehwag. He is known for his fierce and lightning fast batting. One of his performances which stands out, especially in the red ball cricket, is the triple century he scored against arch rivals Pakistan and he became the first India batsman to do so.
Similarly, on Friday, the bulls seemed unstoppable just like Virender Sehwag and moreover, the Nifty bulls too scored a triple century and touched a milestone of fresh 52-week high, led by HDFC Twins, Infosys and Reliance Industries.
The biggest positive catalyst for this up-move was that the US consumer price inflation eased for a 4th month in a row to 7.7 per cent y-o-y in October, the lowest since January and below market expectations of 8 per cent and the US dollar dethroned to 109 levels. With this we suspect, the Fed will now more likely hike rates by only 50 basis points in December.
The US CPI data helped soften the impact of the near-term bankruptcy of FTX, the struggling crypto exchange, amid reports of investigations from federal authorities, including the Department of Justice and concerns that contagion could spill-over into the mainstream financial markets over the coming weeks, as investors extract leverage and exposure to the increasingly volatile sector.
Going ahead, we are likely to see stock-specific action and hence, we have chalked a list of stocks that are likely to announce bonus and might see some good action in the days to come.
So, here is the list-
Zim Laboratories: The company is engaged in the manufacturing of formulation drugs, pre formulation drugs and pre formulation ingredients in India and marketing and selling these within and outside India. The Board of Directors are scheduled to meet on November 12, to consider Unaudited Financial Results and proposal for issuance of Bonus shares subject to approval by the shareholders of the company.
Advait Infratech: The company is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. A meeting of the board of directors of the company is scheduled on November 14, to consider Unaudited Financial Results and consider and recommend the issue of bonus shares by the company. Furthermore, to consider and recommend the altered ESOP Scheme.
G M Polyplast: GM Polyplast Limited is engaged in the business of manufacturing of H.I.P.S, A.B.S & P.E.T sheets and along with sheets they also manufacture the raw material used to manufacture the sheets called granules. A meeting of the board of directors of the company is scheduled on November 14, to consider the issue of bonus shares to the equity shareholders of the company in the ratio, as it may deem fit by way of capitalization of reserves.
Sarthak Industries: Sarthak Industries Ltd is engaged in the manufacturing and repair of LPG cylinders and merchant trading of agri-commodities, mining and mineral based industry on opportunity basis. A meeting of the board of directors of the company is scheduled on November 14, to consider Unaudited Financial Results and consider issuance of bonus shares by the company.
SecUR Credentials: SecUR Credentials Ltd is India’s first and only listed, employee background checks company. Supported by state-of-the-art technology, their services have been integrated into HR systems for over 1000 large companies across various sectors. The Board of Directors of the company will meet on November 14, to consider Unaudited Financial Results and to consider proposal of issuance bonus shares by the company.