FREE, FREE, FREE! 3:1 Bonus: Pharma Stock Hits Back-To-Back Upper Circuits; 500 Shares To Earn Rs 1,69,500

Shukra Pharmaceuticals, a penny stock below Rs 90, turned ex-bonus on April 19 and continued on its winning streak with back-to-back 2% upper circuits for three consecutive sessions. Shukra is giving 3 bonus shares for free to investors on their 1 existing share.

The pharma player fixed Saturday, April 20, 2024, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled to the issuance of Bonus Shares.

But since April 20 is on the weekend when trading on BSE is closed by default, the stock turned ex-bonus on April 19 and eventually the record date is the same. That means only those investors will be eligible who hold Shukra shares by the end of Friday's session.

The company is going to allot a 3:1 bonus shares ratio. It means that it will issue 3 (Three) fully paid-up bonus equity shares of Rs. 10/- [Rupees Ten only) each for every 1 (0ne) fully paid-up equity share of Rs. 10/- [Rupees Ten only) each held by the Members of the company as on the Record Date.

Also, the company has stated that the Bonus Shares, once allotted, shall rank pari-passu in all respects with and carry the same rights as the existing equity shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted.

On BSE, Shukra's share price stood at Rs 84.75 apiece, up by 2% with a market cap of Rs 84.75 crore. The stock's 52-week high and low is at Rs 97 and Rs 17.13 respectively.

Here's an example of how much gains you will make once the bonus shares are allotted. The allotment of bonus shares will be approved soon and accordingly credited to shareholders' demat accounts.

For example, if you held 500 shares of Shukra by the end of April 19. Then you will receive 1,500 bonus shares due to a 3:1 ratio (500 X 3). This will total your shareholding to 2,000 shares of Shukra.

Now suppose, currently your 500 shares are at Rs 84.75 apiece each, which will lead to an investment value of Rs 42,375 as of April 19. But once the shares are credited, you gain massively. Because 2,000 shares at Rs 84.75 apiece, take your corpus value to Rs 1,69,500 currently.

It needs to be noted that this is just an example. Your bonus shares gain will depend on how many shares you're holding of Shukra, and your gains would vary on the price movement day-to-day.

Generally, 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.

YTD, Shukra shares have zoomed by a whopping 179% on BSE, while in six months, the stock has gained by a massive 256%. In a year, the stock is up by 371%. But its all-time gains are massive by 2,573.50%.

Shukra is committed to delivering excellence across National & Global markets. Shukra Pharmaceuticals is a public limited organisation with globally acclaimed manufacturing facilities.

The company boast a fully integrated structure for manufacturing general formulations like tablets, Capsules and small-volume parenteral since 2017. Also, further, it aims to go beyond developing products and provide complete solutions, in fact, the company harness science and technology to develop products for healthy and safe living.