Share bonus 2022: In August 2022, the Indian stock market remained volatile due to various domestic and international influences. Internal RBI Policy; The Fed commentary, geopolitical issues and the vibrant situation in China are the main reasons why the market moves. During; The Nifty 50 almost retested the 18,000 mark in the first half of the month and then fell back to the 17,200 mark and finally closed the month near 17,800 with a gain of about 3%. However, the passing month will be remembered for developments regarding reward distribution and dividends. This trend is expected to continue in September 2022 as well as 8 stocks that will enter into ex-dividend trading on September 5, 2022.
Below we list 4 stocks that will be trading ex-dividend this week:
1]Pavna Industries: The board of directors of this small-cap company approved and announced a 1:1 bonus share distribution to shareholders. The company’s Board of Directors has also set a bonus share recognition date on September 6, 2022, which means that Pavna Industries Ltd shares will trade without bonus on September 5, 2022.
2]GAIL India: Maharatna Company has approved and declared a 1:2 share bonus. The state-owned company has also set a record date of bonus shares on September 7, 2022, which means that GAIL shares will trade. no bonus on September 6, 2022 i.e. on Tuesday of this week. In August 2022, shared GAIL has been trading ex-dividend for payment 1 final dividend for fiscal year 2021-22.
3]Escorp Asset Management: The board of directors of this asset management company approved and announced two bonus shares for each share held by shareholders. This means that the company has announced the bonus shares at the ratio 2:3. will trade without bonus on 6/9/2022.
4]Jyoti Plastic: The stock of this chemical stock is one of the multibagger stocks in 2022. It has delivered more than 250% returns to its shareholders year-to-date (YTD). The Board of Directors of the company has approved and announced 2 bonus shares for each share held by shareholders, ie bonus shares have been announced in the ratio 2: 1. Chemical company has fixed a date. record bonus shares on September 9, 2022 which means multibagger chemical stock will trade without bonus on September 8, 2022 i.e. this Thursday.
Bonus shares are additional shares that a company gives away free of charge to its existing shareholders based on the number of shares they hold. Unlike dividends, there is no cash flow in an issue of bonus shares paid by the company from its reserves or from its earnings.
Catch them all Business newsletter, Market News, Hot news Events and Latest news Update on Live Mint. Download Mint News app to get Daily Market Updates.
