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4 Stocks Where Bonus Issues Are Likely To Be Declared By The Board
Markets are likely to continue to move higher as investors look to a more broad based rally. Foreign Portfolio Investors have been buying into the Indian markets on a consistent basis. The buying is likely to extend in the coming weeks, despite fears of an interest rate hike. Here are 4 stocks where the board of the companies are likely to meet to declare a bonus issue of shares.
Yug Decor
The Board of Directors of Yug Decor would meet on Aug 16 for declaring a bonus issue of shares. The shares of the company in the early part of the week surged as much as 20, following the announcement sent to the exchanges of the board meet.
Yug Decor manufactures all adhesives like Contact Adhesive , PVA Glue, Wood Glue and Shoe Glue. All our adhesives are under the brand name of Yug-Col. The manufacturing facility of Yug Decor is located in SANTEJ, near Ahmedabad, Western India. The stock of the company has seen some action lately. The shares have hit a 52-week high of Rs 52.50 and a 52 week low of Rs 22. We recommend investors to buy the stock only after studying the fundamentals of the same.
M Lakhamsi Industries
This company's board of directors are slated to meet on August 13, 2022, to consider and approve the bonus issue of shares. M Lakhamsi Industries Limited, is engaged in Oil Seeds, Oils, Spices & Grain Requirements.
The stock is a penny stock trading at just Rs 6.72. This is on a face value of Rs 10. Investors must study the fundamentals before buying into the stock.
Pondy Oxides
The stock of Pondy Oxides has jumped following reports of the board meeting for declaration of bonus issue of shares. The meeting of its board of directors is scheduled to be held on August 10, 2022. POCL the leading Secondary Lead Smelter in India. Pondy oxides is engaged in the production of lead and lead alloys and PVC additives which are supplied to customers who are mainly battery manufacturers, chemical manufacturers and PVC extruded and moulded products. About Fifty percent (50%) of its production is exported to our numerous international customers mainly but not limited to the Asian region like South Korea, Japan, Indonesia and to Middle - East.
Ram Ratna Wires
The board of directors' meeting of this company is scheduled to be held on August 10, 2022, to consider and approve the bonus issue of shares. The stock earlier this week surged by 8% to cross the Rs 300 mark. The shares have hit a 52-week high of Rs 315 and 52-week low of Rs 122.
The company is engaged in the manufacture of super enamelled copper winding wires in India. The group's business sectors encompass manufacturing a wide range products for residential, commercial, industrial & infrastructure purposes.
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article.
