2 Small Cap Stocks Set To Reward Bonus Shares, 6-Months Return Up To 107%

Two small cap companies are all set to reward bonus shares to shareholders. These two companies are Akshar Spintex and Sinclairs Hotels Ltd. Last trading price of Sinclairs Hotels Ltd share on BSE is Rs 242.75 per share. Meanwhile, the last trading price of Akshar Spintex share on BSE is Rs 4.77 per share with intraday gain of 4.84%. Sinclairs Hotels shares offered return of 107% in last 6-months and Akshar Spintex shares rallied 15% year-to-date. The record date for Sinclairs Hotels' 1:1 bonus issue is January 29, 2024 and the record date for Akshar Spintex's 1:5 bonus issue is February 5, 2024. Check details below:

Akshar Spintex To Offer Bonus Share In Feb 2024: As per the regulatory filing of the company dated Jan 9, 2024, "Board of Directors of the Company, notice is hereby given that the Company has fixed Monday, 5th February, 2024 as the "Record Date" for the purpose of determining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the ratio of 01:5 i.e. 01 (One) Equity Shares of Re. 1/- each for every 5 (Five) existing Equity Share of Re. 1/- each held as on the above mentioned record date. You are requested to take note of the same."

Akshar Spintex Stock Outlook & Return: The 52-week high price of Akshar Spintex share on BSE is Rs 8.40 apiece and 52-week low price is Rs 3.86 apiece, respectively. The company has a market capitalisation of Rs 119.25 crore. Akshar Spintex shares tanked 26% in last 3-months, fell 5.54% in last 1-year, and gave return of 29% in last 2-years, and rallied 307% in last 3-years, and gave return of 218% in last 5-years.

Sinclairs Hotels To Offer Bonus Share In Jan 2024: As per the regulatory filing of the company dated Jan 12, 2024, "The Company has fixed Monday, January 29, 2024, as the 'Record Date' for the purpose of ascertaining the eligibility of Shareholders for the issuance of fully paid-up Bonus Shares in the ratio of 1:1 (i.e. One equity share of Rs. 2/- each fully paid up for every One existing equity share of Rs. 2/- each), subject to approval of Shareholders which is being obtained in an Extra Ordinary General Meeting of the Company scheduled on January 18, 2024."

Sinclairs Hotels Stock Outlook & Return: The 52-week high price of Sinclairs Hotels share on BSE is Rs 247.80 per share and 52-week low price is Rs 92.53 apiece, respectively. The company has a market capitalisation of Rs 622.17 crore. Sinclairs Hotels shares soared 130% in last 1-year, gave return of 226% in last 2-years, and gave return of 415% 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.