1:2 Stock Split & 1:1 Bonus Issue Record Date Fixed On January 25 By Financial Stock; Add To Portfolio?

BN Rathi Securities, a financial services provider, has fixed the record date of its double rewards namely bonus issue and stock split. In the trading week from December 30, 2024, to January 3, 2025, the stock witnessed strong buying so much so that it jumped by 25% in its weekly performance. This led to a massive recovery of earlier losses in 2024. BN Rathi stock will be in focus for its upcoming corporate actions.

BN Rathi Securities Share Price:

On January 3rd, BN Rathi's stock price closed at Rs 266.95 apiece, down by 2.5% on BSE with a market cap of Rs 276.96 crore. The stock witnessed profit booking in closing hours of Friday after it touched a new 52-week high of Rs 291 apiece. BN Rathi is a multi-bagger from its 52-week low of Rs 86.65 apiece.

BN Rathi's weekly performance is up by 24.80%, while on a month-on-month basis, the stock jumped by 26%. Meanwhile, the stock gained by a whopping 79% on a six-month basis. Year-to-date, the stock climbed by nearly 11%.

BN Rathi Securities Stock Split:

The company will carry its first-ever stock split in the ratio of 1:2. This means the sub-division of 1 (one) Equity share of the face value of Rs. 10/~ each fully paid up to 2 (two) Equity shares of face value of Rs. 5/- each fully paid-up.

BN Rathi Securities Bonus Issue:

Further, the company will reward eligible shareholders with its first-ever bonus issue in the ratio of 1:1. This will mean the issuance of I (One) new fully paid-up equity share of Rs. 5/- each for every 1 (One) existing fully paid-up equity share of Rs. 5/- each held by them.

It said, "The Bonus Shares shall be allotted to the equity shareholders whose names appear in the Register of Members/ List of Beneficial Owners provided by the Depositories as on the record date."

The record date for both the stock split and bonus issue is fixed on Friday, January 24, 2025, for the purpose of ascertaining the eligibility of the shareholders.

BUY/SELL BN Rathi Securities?

As per MarketsMojo, in terms of moving averages, B N Rathi Securities is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the company's stock performance has surged by 176.86%, significantly outpacing the Sensex, which recorded a growth of 11.02%. The stock's recent performance highlights its volatility and the dynamic nature of the financial market. The recommendation on the stock is HOLD.

About BN Rathi Securities:

B.N.Rathi Securities Ltd is a publicly listed stock broking firm providing integrated types of services, encompassing the entire spectrum of activities relating to the Financial Market Transactions. BNRSL Group has been in the financial markets for over Five Decades and this vast experience is put to use for providing the best services in today's complex financial markets.

The company is engaged in all spheres of stock Broking which enables the company to cater to a full range of requirements of a growing and diversified retail and institutional clientele like Comprehensive Stock Broking Services on NSE & BSE, Depository Services, IPO and Internet Trading. It has a track record of payment of dividends continuously for the past fifteen years. The company is registered with Life Insurance Corporation of India Ltd, UTI, Bank of India and Bank of Maharashtra for their secondary market operations.