For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

This Multibagger IT Stock To Turn Ex-Bonus Next Week: Check Details

|

A bonus share is a free additional share that a corporation gives to its current shareholders and is typically issued when a corporation is unable to pay dividends in cash and, as a result of the lack of liquidity, the firm issues bonus shares to its existing shareholders. On a particular date announced by a company, a fixed number of shares in a ratio is distributed to a shareholder based on the number of shares he or she currently owns. For example, suppose a shareholder holds 10 shares of company XYZ, and the corporation has agreed to issue bonus shares in a 2:1 ratio, signifying the shareholder would receive two bonus shares for each share owned.

 
This Multibagger IT Stock To Turn Ex-Bonus Next Week: Check Details

A firm sets a specific date known as the record date, and investors must be shareholders of the company before this day in order to receive bonus shares. The ex-date is a day before the company's record date, and all shareholders are required to buy the stock before the ex-date. If a shareholder buys stock on the ex-date, the bonus shares will not be credited to his or her demat account before the record date as to be eligible for a bonus declared by the corporation, an investor must own shares by that date.

 

As we're on the subject of bonus shares, shareholders of Ducon Infratechnologies Ltd should be aware that on 5th April the company had issued bonus shares in a 1:10 ratio, with a record date of April 19, 2022. As a result, the stock will become ex-bonus on April 18, 2022.

"Pursuant to Regulation 30 and Regulation 42 of Securities and Exchange Board of India (Listing & Obligation Disclosure Requirements) Regulations, 2015, we have revised the Record Date to Tuesday, 19th April, 2022 as Friday, 15th April, 2022 is a public/trading holiday," the company has said in an exchange filing. Therefore the 19th of April 2022 will be used to determine the eligibility of shareholders who are entitled to receive bonus shares in the ratio of 1 (One) Equity Share of Re. 1/- (Rupee One Only) for every 10 (Ten) Equity Shares of Re. 1/- (Rupee One Only).

Ducon Infratechnologies has offered investors multibagger returns in the last year as the stock price surged from Rs 6.34 to Rs 29.55 on the BSE, representing a multibagger return of +23.21. (366.09 percent ). The stock has gained by 29.89 percent year-to-date (YTD) and 125.06 percent in the previous six months. The stock has increased by 17.73 percent in the past month and by 6.10 percent in the previous five days. Ducon Infratechnologies Ltd. is now trading above its 5-day, 20-day, 50-day, and last 6 months' chart patterns, and its shares are trading near a 52-week high of Rs 31.60.

Read more about: stocks
Story first published: Saturday, April 16, 2022, 15:36 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X