The domestic stock market has started gaining momentum again and with this the expectations of the investors of the market have also started getting stronger. If you are also looking for opportunities to make money in the stock market, then this week many opportunities are going to come for you.
So many companies have announced
Many shares are going to be ex-bonus during this week starting from 3rd July. With this, the investors of the market can get an opportunity to earn in one stroke. According to market data, so far this year 35 companies have announced bonus shares to their shareholders. This week also 3 companies are going to give bonus shares to their shareholders.
What is bonus share?
Before moving forward, let us know what is a bonus share? In fact, many companies give free shares to their shareholders to benefit them. These new shares are given to them in lieu of the already existing shares. These shares which are given free of cost are called bonus shares. For example, if a company announces the issue of bonus shares in the ratio of 10:1, it means that investors who already hold 10 shares of that company will now have 11 shares, as the company will issue them free of cost. Is going to issue a bonus share.
Roto Pumps
Roto Pumps is the first name in the shares to be ex-bonus next week. This company has announced to give bonus shares in the ratio of 1:1. This means that all the existing shareholders of the company are going to get one free share for every one share held. The company has fixed the record date for this on 3rd July.
Kansai Nerolac
Kansai Nerolac’s share is getting X-bonus on Tuesday, July 4. The board of this company in its meeting held on May 8 approved the proposal to issue bonus equity shares in the ratio of 1:2. This means that the existing shareholders are going to get two new free shares for every one old share.
Bhansali Engg
Bhansali Engineering X-Bonus is happening on 5th July, Wednesday. The board of this company has announced to give bonus shares in the ratio of 2:1. Means shareholders of Bhansali Engineering are going to get 1 share in bonus for every 2 shares held.
Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. It is never advised here to invest money on behalf of ABPLive.com.
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