4:1 Bonus Issue, 1:5 Split Record Date July 31: Rs 1,050 Media Stock And 170 Penny Stock To Watch Out Ahead

Two stocks belonging to hotels and media sector will be either turning ex-bonus or ex-split during the trading week from July 29 to August 2nd. The highest stock split ratio is 1:5, while the highest bonus issue is 4:1. Both corporate actions record date is fixed on one day. These are Panorama Studios International a smallcap media stock trading a little over Rs 1,050, and Goel Food Products a penny stock around Rs 170 levels on BSE.

Here are the details of the stock split and bonus issue to watch during July 28-August 2nd week:

1. Panorama Studios International Stock Split:

This media stock is currently at Rs 1,052.70 apiece on BSE with a market cap of Rs 1,444.59 crore. The stock is near its 52-week high of Rs 1,094, while is up by 437% from its 52-week low of Rs 196 apiece. Its return on equity is strong at 35.35%.

Panorama stock will split in the ratio of 1:5. The company fixed Wednesday, July 31, 2024, as the 'Record Date' for the purpose of determining the eligibility of shareholders of the Company for Subdivision/Split of each fully paid-up equity share having face value of Rs.10/- (Rupees Ten Only) each be Sub-divided into 5 (Five) fully equity shares having Face value of Rs.2/- (Rupees Two Only), as approved by the shareholders in the Extra-Ordinary General Meeting.

Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.

Example: 100 shares of Panorama would split into 500 shares (100x5). The price level of Panorama will accordingly be adjusted.

Panorama is now a diversified film studio with various business segments such as Production, Distribution, Talent Management, Advertisement, Syndication, Equipment rental, and Line Production.

2. Goel Food Products Bonus Issue:

This penny stock is currently at Rs 171.45 apiece with a market cap of Rs 64.64 crore. The stock's 52-week high and low are at Rs 223.45 apiece and Rs 125.50 apiece respectively. YTD, the stock is up by over 25%, and in a year.

Goel Food has announced a hefty bonus issue in the ratio of 4:1. The record date is fixed on Wednesday, July 31, 2024, as the Record Date for determining entitlement of Members to Dividend and Issue of Bonus Shares for the Financial Year ended March 31, 2024.

Bonus issue ratio would mean that Goel will distribute free 4 bonus shares on the existing 1 equity share having a face value of Rs 10 each.

Bonus shares are one of the many corporate actions that listed companies announce on several occasions. Bonus shares are like incentives which are free of cost given to investors. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.

Example: 100 shares will get 400 bonus shares, taking the total to 500 shares (100 x 4).

Established in 1996, BIKA Group (Also known as Goel Food Products Limited formerly known as Goel Food Products Private Limited) is one of the pioneer banquet chains in West Bengal. With 8 luxury banquet spaces across Kolkata and Howrah, Bika group hosts more than 1000 weddings and social functions every year.