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!

The benchmark Nifty has been trading mostly in a capped range, after the Federal Reserve announced another 75bps jumbo-rate hike which brought the target range for the federal funds rate to 3.75-4 per cent. 

But the positive takeaway is that the Nifty is seeing buying at lower levels and clearly outperforming its global peers. Apart from this, the other positive catalysts are that the GST collection has jumped to Rs 1.52 lakh crore in October. In fact, the revenue for October is the second highest monthly collection, next only to April 2022. 

The FIIs are seen making a strong comeback to the Indian markets, as in the last five trading sessions they have bought shares worth Rs 13,280 crore. Buying from the FIIs for the sixth straight day. 

These are trying times and we need to stay calm and cautious. That said, we are likely to see stock-specific action and hence, we have chalked a list of stocks which are likely to announce bonus and might see some good action in the days to come. 

So, here is the list: 

BLS International Services: A meeting of its board of directors is scheduled for November 07, 2022, to consider and approve the bonus issue of shares.   

Gloster Ltd: The Board of Directors of the company will hold a meeting on November 07, 2022, to consider un-audited Financial Results for the half year, ended September 30, 2022 and declaration of bonus shares to the equity shareholders of the company. 

Sheela Foam: A meeting of the board of directors of the company will be held on November 08, 2022, to consider un-audited Financial Results for the quarter ended September 30, 2022 and considering of issue of bonus shares to the equity shareholders of the company.

Precision Wires India: The Board of Directors of the company will hold a meeting on November 10, 2022, to consider un-audited Financial Results for the quarter and half year ended September 30, 2022 and to approve issue of bonus equity shares to the shareholders of the company.