4 Stocks To Go Ex-Bonus This Week

Bonus share issue is an issuance of shareholders of the company at no additional cost. The companies in the process move the free reserves and surplus to the equity capital and from that fresh equity shares are issued to the existing shareholders at the prescribed porportion.

So, likewise, as the eligibility of shareholders is determined basis the date called the record date and before that the stock goes ex-bonus i.e. adjusts in share price as per the bonus announcement, here are the stocks to go ex-bonus this week.

SKP Securities

This is a small cap finance investment entity promoted in 1990 by Pachisia Family, having a presence in capital markets since 1945. It has emerged as Eastern India's leading boutique investment banker, private wealth advisor and stock broker - trusted advisor, finding customized solutions to guide a cross section of clients' families and businesses achieve their financial goals.

The company has announced 1:1 bonus share issue and for the same, the stock shall turn ex-bonus on June 16, 2022, while the record date is June 17, 2022.

The company's stock last closed at Rs. 113.4, 5% higher over the previous day.

Cosmo Films

Established in 1981, Cosmo Films Limited today is a global leader in speciality films for packaging, lamination and labeling applications. Its films offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films and soon to be offered biaxially oriented polyethylene terephthalate (BOPET) films.

The company has announced 1:2 bonus share issue and is among the multibagger stocks with 3-year return at 607%. The company will go ex-bonus on June 16 and the record date shall be June 18.

 

Galactico Corp

This small cap company is is a SEBI registered category I Merchant Banker. We have 15+ years of experience in providing corporate services related to financial institutions. The company in May announced 3:10 bonus share issuance i.e. for every 10 shares held by the investor they would be provided with 3 more shares. The company in the earlier session closed close to its 52-week high price of Rs. 339.35 per share.

One of the positive of the concern is the rising net cash flow and cash from operating activity.

June 16, 2022 is the ex-date for the bonus share issue by Galactico.

Avantel

The company from the IT space is among the multibagger stocks with 1-year return of 134%. Avantel Ltd. was established to offer telecom products and software solutions. Avantel is actively involved in design and development of products based on High Power Broad band Wireless, Satellite Communication and Broad band access technologies. The design, development and integration of wireless and access products are carried out using standard and proprietary software tools.

The bonus share issuance will be in 3:1 proportion and for the said bonus the stock shall go ex-dividend on June 17, 2022.

Disclaimer

The stocks listed above are just for the fact that they are soon to issue bonus shares and the same get credited within 15 days from the record date but this also depends on the RTA.