2 Stocks To Buy Now To Receive Bonus Shares In May 2022

Bonus shares are declared by companies who have good reserves. Over the years, unlike the past, bonus shares have not attracted the fancy of many investors, as stocks tend to fall post the bonus issue of shares. Here are 2 stocks to buy that can offer you bonus shares.

BLS International

The company has declared a 1:1 bonus and the ex bonus date is May 13, 2022. The company is a global tech-enabled services partner for governments and citizens, for Embassies and Governments across the world, that caters to visa, passport, consular, e-governance, attestation, biometric, e-visa and retail services. It also provides citizen services to state and provincial governments across Asia, Africa, Europe, South America, North America & Middle East.

For the third quarter ending Dec 31, 2021. the company reported an operational revenue up 78.6% YoY in9MFY22 and 51.0% YoY in Q3FY22 driven by opening up of economies and pick-up in travel.

EBITDA for Q3FY22 up 91.7% YoY withEBITDA margin of 11.2% up from 8.8% inQ3FY21. EBITDA and Margin for 9MFY22also improved. This is due to operational efficiencies and cost rationalization. The company has also diversified in other high growth tech-enabled services e-Gov for UP, Punjab, Rajasthan, Afghanistan, Estonia and Nigeria are key wins in addition to last mile connectivity for SBI Centers across states to facilitate citizen services and financial inclusion.

Vikram Thermo

Vikram Thermo has declared a bonus of 4:1 and the ex dividend if May 12, 2022. Vikram Thermo (India) Limited is dedicated to discovery, development, manufacturing and marketing of research based life influencing products. Company has dedicated force to reckon with catalyst of need driven innovation and agent of change in pharmaceutical, chemical and cosmetic industries.

Vikram Thermo (India) owns two well established brands under pharma excipients segment DRUGCOAT- Methacylic Acid Copolymer based basic pharma polymer & DRCOAT - Customized Readymix Pharma Polymer.

Things to remember about bonus shares

Bonus shares does not mean that the company is fundamentally sound, nor does it mean that an investor will make profits. The company that is declaring, will see its share price drop, after the completion of the bonus issue. So, if a company's share is quoting at Rs 100 and it has declare a bonus of 1:1, the shares could drop to Rs 50 after the ex dividend date. It may not be always in the same logical way, but, the shares are likely to fall for sure. Do good research before buying into any company that has declared bonus.