2:3 Bonus Issue Soon: Textile Stock In Focus Next Week; Last Date To Buy?

Padam Cotton Yarns Bonus Issue:
The company is a penny stock engaged in the textile products business. Trading at Rs 159.10 apiece with a market cap of Rs 123.24 crore, Padam Cotton Yarns is going to turn ex-bonus on March 18 for its bonus issue of 2:3 ratio. Meaning, the company will issue 2 new free shares on existing 3 shares. Notably, the ex-date is also its record date to be eligible for the bonus shares.

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