Dont miss action in these stocks that will turn ex-bonus this week!
A bonus issue is preferred by companies as an alternative to giving out dividends.
A listed company issues bonus shares due to free reserves & surplus as well as to add fresh capital.
A stock bonus issue implies that an investor has received additional shares to the extent of the specified proportion. The additional shares are allotted without any consideration i.e. free of cost!
By issuing bonus shares, the number of outstanding shares increase with a proportional decrease in the value of each share, ensuring no change in the market capitalisation. However, the face value of the shares remains the same post bonus issue.
A bonus issue is preferred by companies as an alternative to giving out dividends. It also enhances the liquidity of shares, thereby increasing the participation of investors and traders.
Following is the list of stocks that will turn ex-bonus this week!
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Company Name
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Ex-Date
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Corp Action
|
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SecUR Credentials Ltd
|
4-Jan-23
|
Bonus Issue 3:1
|
|
G M Polyplast Ltd
|
4-Jan-23
|
Bonus Issue 6:1
|
|
Globe Commercials Ltd
|
6-Jan-23
|
Bonus Issue 1:1
|
|
Rama Steel Tubes Ltd
|
6-Jan-23
|
Bonus Issue 4:1
|
Investors should watch out for these stocks in the upcoming trading sessions.