6 Stocks To Buy Next Week To Receive Bonus Shares

August 2022 is one of the stock market's most volatile months of this year. Many international and domestic triggers cause volatility. The Nifty index almost touched 18,000 in the momentum of the rapid recovery, but the markets have shown a short correction. The momentum to the upside is expected to continue on September 22 on bonus and dividend shares.

Here are 6 stocks you can buy next week to receive bonus shares.

Bajaj Finserv

Bajaj Finserv is a large capitalization stock; it is a holding company for many businesses on financial services under the Bajaj group. The company serves millions of customers by providing family and income protection through life and health insurance, asset acquisition through financing and many other services.

The stock's market capitalization is Rs. 274 054 Crore with a current market price of Rs. 17,206. The stock will give the bonus shares in a 1:1 ratio, which means you will get 1 share as a bonus for owning every share.

Gail Ltd

Gail is a company in the undertaking of the Government of India; it is an integrated natural gas company in India. The company owns over 2,300 km of LPG pipelines, 11,500 km of natural gas pipelines, six LPG gas-processing units and a petrochemicals facility.

The stock's market capitalization is Rs. 60, 754 Crore with a current market price of Rs. 92.4. The stock will give the bonus shares in a 1:2 ratio, which means you will get 1 share as a bonus for owning every 2 shares.

REC Ltd

REC Ltd is a company undertaking the ministry of power's central public sector, and it finances projects along the whole value chain of the power sector, from generation to distribution.

The stock's market capitalization is Rs. 27, 741 Crore, with a current market price of Rs. 105. The stock will give the bonus shares in a 1:3 ratio, which means you will get 1 share as a bonus for owning every 3 shares.

Sonata Software Limited

Sonata Software Limited is a multinational company that provides consulting, solutions and Information Technology services to many customers worldwide. The company's customer base includes the United States of America, the Middle East, Australia, Europe and India.

The stock's market capitalization is Rs. 8,209 Crore, with a current market price of Rs. 586. The stock will give the bonus shares in a 1:3 ratio, which means you will get 1 share as a bonus for owning every 3 shares.

ANG Lifesciences India Limited

ANG Lifesciences India Limited is involved in marketing and manufacturing completed pharmaceutical formulations in the dosage form of sterile dry powder injection vials.
The stock's market capitalization is Rs. 232 Crore, with a current market price of Rs. 179. The stock will give the bonus shares in a 1:4 ratio, which means you will get 1 share as a bonus for owning every 4 shares.

Pondy Oxides & Chemicals Ltd

The company's principal activity is to convert lead scraps of many forms into metal alloys and leads. The company uses the Lead Battery Scrap to produce secondary lead metal, which is transformed into Specific leads and Pure Lead Alloys. It is also involved in producing Zinc Oxide and Zinc metal.

The stock's market capitalization is Rs. 617 Crore, with a current market price of Rs. 1,061. The stock will give the bonus shares in a 1:1 ratio, which means you will get 1 share as a bonus for owning every share.