Since both Nifty and Sensex have gained over 8% in the last month, the stock market has acted correctly. However, both the major Indian stock market indices have managed to gain over 0.50 per cent to close in the green for the year. The fact that FIIs switched from sellers to buyers in July and the buying trend continued in August after being sellers from October 2021 to June 2022 is extremely favorable for the domestic market. Despite the bad day, several well-known corporations have announced impressive results for the first quarter of FY13, while others are yet to do so. Nifty was trading above 17500 and Sensex down 35.78 points or 0.06% at 58,817.29. But in addition to looking at quarterly earnings, if you’re looking for bonus shares, you should also keep an eye on the price fluctuations in these shares, which are used by companies that issue bonus shares to finance additional equity to their shareholders. are determined in the effort. , which will increase stock liquidity and shareholder ownership.
Yug Decor Limited
The company said in a regulatory filing that its board of directors will meet on August 16 to propose issuance of bonus shares to the existing shareholders of the company. Yug Decor Ltd shares closed today 57.75 each, up 10.00% from the previous close. At today’s closing price, the stock has touched its upper circuit limit, which was coming from last 18 trading sessions. Today’s trading volume was 80,000 shares which was equal to the trading value of 46.20 lakhs. In the last 1 year, the stock has given a multibagger return of 147.85% and on YTD basis, the stock has given a multibagger return of 122.97% so far in 2022. The market cap of Yug Decor Limited Company is 24 Cr and this small-cap company manufactures all adhesives like Contact Adhesives, PVA Glue, Wood Glue and Shoe Glue.
M Lakhmasi Industries
The company in a regulatory filing said that “As amended pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, you are hereby informed that the meeting of the Board of Directors of M Lakhamsi Industries Limited (formerly Specular Marketing & Financing) Ltd.) is scheduled to be held on Saturday, the 13th August, 2022 at the Registered Office of the Company located at 505 Churchgate Chambers, 5 New Marine Lines, Mumbai, Maharashtra – 400020, India. To consider and approve the following matters : To consider, approve and take on record the Standalone Unaudited Financial Results of the Company along with Limited Review Report for the quarter ended June 30, 2022. Bonus Issue of Shares.”
Shares of M Lakhmasi Industries closed today on BSE 6.72 each level, up 5.00% from the previous close. The market cap of the company was 0.57 crore
Pondy Oxides & Chemicals Ltd.
The company in a regulatory filing said that “In accordance with the provisions of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform you that it is proposed to convene a meeting of the Board of Directors of our Company on Wednesday, 10 To consider and approve the unaudited financial results for the quarter ended June 30, 2022, inter alia, at 03:00 PM on August 2022; Recommends proposal for declaration of bonus shares, if any, on equity shares of the Company Doing.”
Shares of Pondi Oxides & Chemicals Ltd closed today 685.00 level, up 0.76% from previous close. On a YTD basis, the stock is up 49.74% so far in 2022.
Ram Ratna Wires
The company in a stock exchange filing said “We are pleased to inform you that in accordance with Rule 29 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors meeting of the company on Wednesday, To be held through video conferencing on 10th August, 2022, inter alia, for considering, approving and taking on record the following: Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June, 2022 ), increase in the authorized share capital of the company and consequent alteration of clause V of the Memorandum of Association of the company, subject to approval by the members; and the proposal for issue of bonus shares, subject to approval by the members and any other required approval.”
Ram Ratna Wires shares closed today 285.65 each.
REC Limited
The company, in a regulatory filing, said that “Continuing our letter dated 17,2022, the Board of Directors has recommended the issue of bonus shares in the ratio of 1:3 to the shareholders of the company, i.e. one (1) bonus equity share 10 each for three (3) existing equity shares fully paid up 10 each fully paid, by capitalizing the maximum amount to eligible members 658,30,60,0001- (Rupees Six Hundred Forty Eight Crore Thirty Lakh Sixty Thousand only) out of the amount to the credit of ‘Securities Premium Account’, subject to the approval of the shareholders through postal ballot.”
The record date for determining shareholder’s eligibility for bonus shares has been set by the firm as Thursday, August 18, 2022.
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