2 Stocks To Buy For Bonus Shares, As Record Dates Announced, For Next Week?

Markets are expected to be volatile next week, as bond yields have once again spiked in the US. Strong employment data from the US, would continue to keep markets on the tenterhooks. The Sensex may once again fall below the 58,000 points mark. Here are 2 stocks to buy, where you can receive bonus issue of shares.

UH Zaveri: Record date for bonus issue fixed at Oct 19, 2022

The board of this company has fixed record date as Oct 19, 2022 for receiving bonus shares. "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that the company has fixed Wednesday, October 19, 2022 as the 'Record Date' for determining the eligibility of members for the purpose of Bonus Issue of the equity shares of the company for face value of Rs 10 each subject to In Principal approval letter of BSE Limited," the company said in a filing to the exchanges.

It's important to note, that we are not recommending any buy, hold or sell on the stock, as there is no fundamental analysis being done. We are telling readers that if you buy the stock now, you would be entitled to bonus issue of shares.

Veeram Securities

The company's board has fixed the record date for issue of bonus shares in the ratio of 1:2 as Oct 15. "With reference to the above, kindly find attached herewith the revised Intimation of Record date pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and ignore the previous one as submitted on 05th October, 2022," the company said in a release to the exchanges. The shares of Veeram Securities were last seen trading at Rs 31.55 on the NSE.

Should you buy these stocks?

We are not recommending buying, selling or holding any of the stocks. In fact, the price of the stocks tend to correct post the bonus issue of shares. We would rather prefer, that investors buying into the largecap stocks at this stage, given that there are risks associated with the markets, with the Sensex back above the 58,000 points level. Overall, we believe that the trend of the markets is headed lower and hence it would be an opportune time to invest at lower levels. Most market analysts believe that the stock markets are over valued at these levels and lower levels are highly possible now.

Disclaimer

Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision