Shares of Advance Lifestyles, MRP Agro, and RMC Switchgears, which have delivered multibagger returns to investors in the last one-year period, will trade ex-bonus on Friday, October 13.
Advance Lifestyles had earlier announced a bonus issue of equity shares in the proportion of 1:1. For every one equity share investors hold, they will get an additional one bonus share as proposed by the company.
The record date for the same has been fixed as October 13.
Shares of Advance Lifestyles have touched upper circuit of Rs 121.30 today. The stock has delivered multibagger returns to investors in the last one year, rising 266.47%. So far this year, they have jumped 157%.
MRP Agro, on the other hand, had earlier announced a bonus issue in the proportion of 2:1, which means for every one share investors hold, they will be credited two additional shares.
The record date for the same has been fixed as October 13.
MRP Agro shares have risen 162.30% in the last one year and have rallied 68% so far this year. On Wednesday, the shares settled 2.47% lower at Rs 138.10 on BSE.
The Board of RMC Switchgears had earlier announced a bonus issue in the proportion of 1:2, which means for every two share investors hold, they will get one additional shares.
The company has fixed October 13 as the record date for the purpose of ascertaining the eligibility of shareholders.
RMC Switchgears shares closed 2.11% higher at Rs 775 apiece on BSE. The stock has climbed 198% since the beginning of this year and has gained 400% in the last one year.
A firm issues bonus shares to their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.
Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a company issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.
Shareholders who own shares of the company before the record date, which is determined by the firm, are eligible for additional shares.
First Published: Oct 11, 2023 3:50 PM IST
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