Upcoming Bonus Issue: 5 Stocks Set To Reward Bonus Shares, Soar Up To 1021% In 1-Yr

Four companies recently recommended bonus shares and one is likely to recommend on November 24, 2023. Some of these companies have fixed record date for bonus shares and remaining are likely to set record date soon. These companies are Safari Industries, Standard Capital Markets, Olatech Solutions, Allcargo Logistics, and Alphalogic Techsys. These stocks offered attractive returns to their shareholders in last few years. Check details below:

1. Alphalogic Techsys Declares 1:3 Bonus Issue: Board of directors of Alphalogic Techsys declared 1:3 bonus issue that implies shareholders will be eligible to receive 1 bonus share for every 3 shares held as on the record date. The Board has yet to determine the record date for bonus issue.

The last trading price of Alphalogic Techsys share today is Rs 69.62 per share after it traded new 52-week high and touched upper circuit. Alphalogic Techsys shares already gained 44% in last 1-month and soared 215% in last 2-years. Its market capitalisation is Rs 244.66 crore. Alphalogic Techsys shares rose 85% YTD and soared 972% in last 3-years.

2. Allcargo Logistics Ltd Declares 3:1 Bonus Issue: Last trading price of Allcargo Logistics share on BSE is Rs 272. 05 per share with intraday gain of 2.58%. The stock's 52-week high price is Rs 494.85 per share and 52-week low price is Rs 246.00 per share, respectively. The company has a market capitalisation of Rs 6684.15 crore. Allcargo Logistics shares fell 35% in last 1-year, declined 26% in last 2-years, and offered return of 127% in last 3-years.

The Board at its meeting held on November 10, 2023, has considered and approved the issue of 3 (three) fully paid Bonus Shares for every 1 (one) Equity Share (in the ratio of 3:1) of the face value of Rs. 2/- each held by the Equity Shareholders of the Company as on Record Date, subject to approvals, as may be required.

3. Olatech Solutions Ltd Sets Record Date For 17:20 Bonus Shares: The IT sector company approved issue of Bonus Shares in the proportion of 17 (Seventeen) Bonus Equity Share of Rs. 10/- (Rupees Ten Only) each, for every 20 (Twenty) fully paid-up Equity Shares of Rs. 10/- (Rupees Ten Only) each, existing Equity Share held by the Members. Board of Directors of the Company on November 7, 2023 have approved and fixed 20th November, 2023 as the Record Date for the purpose deciding the Members who shall be eligible to the allotment of the Bonus shares.

Olatech Solutions shares hit 5% upper circuit on November 10, 2023. Last trading price of Olatech Solutions share on BSE is Rs 187.95 per share. Olatech Solutions share's 52-week high price is Rs 234.95 per share and 52-week low price is Rs 75.00 per share, respectively. Its market cap is Rs 43.98 crore. Olatech Solutions shares surged 106% in last 6-months and gained 61% in last 1-year.

4. Standard Capital Markets Likely To Consider Bonus Share, Stock Split On Nov 24: Board of small cap stock operating in financial services sector, Standard Capital Markets are scheduled to hold a meeting on November 24 to declare bonus share and stock split/sub-division of shares. Last trading price of Standard Capital Markets share on BSE is Rs 54.90 per share with intraday fall of 0.18% on BSE. Its 52-week high price is Rs 96.00 per share and 52-week low price is Rs 5.14 per share, respectively.

Standard Capital Markets has a market cap of Rs 269.01 crore. Standard Capital Markets shares gave return of 1020% in last 1-year and 3019% in last 2-years.

5. Safari Industries Announces 1:1 Bonus Issue: The company announced bonus share on November 1 in the ratio of 1:1 today and stated in its BSE filing, "Subject to approval of Members of the Company, the Board has proposed to issue Bonus Shares to its equity shareholders in the proportion of 1: 1 i.e. 1 (One) new fully paid-up equity share of Rs. 2/- (Rupees Two) each for every l (One) existing fully paid-up equity share of Rs. 2/- (Rupees Two) each." The Company will credit such bonus shares to the eligible Members within 2 months from the date of Board's approval i.e. on or before 31ST December 2023, added the regulatory filing. It has yet to announce record date for the bonus issue.

The company also declared 2.50 per share interim dividend on November 1 and its record date was November 10, 2023. Last trading price of Safari Industries share on BSE is Rs 4179.05 per share with intraday gain of 0.19%. Its 52-week high price is Rs 4535.00 per share and 52-week low price is Rs 1576.45 per share, respectively. The company's market capitalisation is Rs 9939.29 crore. Safari Industries shares soared 146% YTD, gained 115% in last 1-year, and offered return of 815% in last 3-years.

Disclaimer: The stocks just highlight the bonus shares and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.