A corporate action recognized as the issuance of additional shares to the current shareholders of a corporation, usually in proportion to their current shareholding, is known as a bonus share. The company does this to entice its shareholders and increase the number of outstanding shares. Bonus shares essentially increase the total number of shares outstanding and reduce the share price, but they have no effect on the overall value of an investor’s holding. The board of directors may suggest the issue of bonus shares in the resolution with a fixed ratio, and the shareholders of the company must subsequently ratify this resolution in a general meeting. These are the 2 companies which will announce bonus shares in April apart from locking in their upper circuit level.
Achyut Healthcare
The Board has recommended the issue of 46,72,500 Equity Shares of Rs 10 each by way of Bonus Issue in the ratio of 1:2 i.e. one fresh Bonus Equity Share 10/- each for every two existing fully paid-up equity shares of Rs.10/- each, subject to approval by the Members and any other applicable statutory and regulatory approvals. April 25, 2023 has been fixed as the record date for the purpose of issue of Bonus Shares to the eligible shareholders of the Company.
Shares of S&P BSE SME IPO Achyut Healthcare closed at 5% upper circuit limit on Friday. 58.00 each level. The stock registered a total traded volume of 24,000 shares and a delivery volume of 100%. The stock has generated multibagger return of 190.00% in last 1 year and on YTD basis it has generated multibagger return of 120.11% in 2023 so far. The stock has touched a 52-week high. 60.00 (28/03/2023) and at 52-week low 60.00 on (28/03/2023).
Jet Infraventure
The Company has fixed Friday, April 21, 2023 as the record date for the purpose of ascertaining the eligibility of shareholders entitled to issue Bonus Shares in the ratio of Rs.1 Equity Share each. 10/- each for every 1 existing Equity Shares of Rs. 10/- each.
Jet Infraventure shares closed at the upper circuit limit of 5 per cent on BSE on Friday. 33.18 each level. The stock recorded a total traded volume of 46,000 shares and a delivered volume of 42,000 shares or 91.30%. In last 1 year, the stock has fallen 46.48% and on YTD basis it has fallen 61.01% in 2023 so far. The stock has touched a 52-week high. 90.00 (06/02/2023) and at 52-week low on 22.21 (24/03/2023).
Ankush Bali, Financial Portfolio Manager – PGDBF | Limra | MDRT | AMFI registered said, “Bonus share means it is a bonus share given to a shareholder. Better explained with an example, if a company declares 1:1 then if you hold 100 shares of that company So you get 100 more at no cost. Sometimes it is 10:1 which means for every 10 shares you get 1 share. Just to be more attractive, if a company gives you bonus shares every year it basically doubles every year. The price may fluctuate but when it comes to the principal price after bonus your capital is doubled. Infosys is the biggest example. If you have Had you bought Infosys IPO now you would have been a millionaire. No tax is payable when you receive bonus shares but taxable when you pay LTCG. But if you are investing in companies that give bonus If so, increasing your capital is amazing.”
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