Last day to buy these three stocks eligible for bonus issue!

Amid market decline, some stocks have declared bonus issue. Today is the last day to buy those stocks that are eligible for the bonus issue. Read on to find out more.

Nifty 50 has been in a bear zone as it trades 15 per cent down from its all-time high levels. Although, from the past few trading sessions it has been trying to gain the lost grounds and appears to have made the bottom.

However, technically still there are no signs of reversals and strong resistances placed at 15,850 - 16,200 - 16,400 levels. Moreover, on the downside, 15,450 - 15,700 levels would act as a support, breaching of which would head markets towards 15,050 levels.

Having said that, amid this market downturn, some stocks have announced bonus issue. In this article, we would be talking about those stocks that have declared the bonus issue, but today is the last day to buy them for being eligible for the same.

EKI Energy Services is a company that is engaged in the business of climate change and sustainability advisory and carbon offsetting. Apart from this it also deals in business excellence services. It had declared a 3:1 bonus issue on May 17, 2022.

Indian Oil Corporation is a Maharatna company which is controlled by the Government of India and is engaged in straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has a leadership position in the Oil refining & petroleum marketing sector of India. It announced a bonus issue of 1:2 on May 17, 2022.

Ratnamani Metals & Tubes is a company that manufactures stainless steel pipes and tubes and carbon steel pipes from its manufacturing facilities in India. On May 18, 2022, the company approved the bonus issue of 1:2.