Latest Bonus Issue: 2 IT Multibaggers, 1 Auto Ancillaries Stocks To Issue Bonus Shares

Three stocks are all set to issue bonus shares in September month and all of them have given multibagger returns to investors. These three stocks are Alphalogic Techsys Ltd, Bharat Gears Ltd, and eClerx Services Ltd. Check key takeaways below pertaining to bonus issue, stock outlook, and about the company in detail:

Alphalogic Techsys Ltd Fixes Record Date For Bonus Shares

The board of directors of the company in its regulatory filing stated, "In continuation of our intimation on outcome of the Board Meeting held on August 03, 2022, pertaining to the recommendation of Issue of Bonus Shares, the Company has fixed the ‘Record Date' i.e., Wednesday, September 21, 2022 to determine eligible shareholders entitled to receive Bonus shares as approved in the 04th Annual General Meeting (AGM) of the Company held on August 26, 2022."

Therefore, the record date for issue of bonus share is fixed as September 21, 2022.

Alphalogic Techsys Ltd Stock Outlook

The current market price of the stock is Rs 64 apiece on BSE with a decline of 4.99% intraday. The stock's 52-week high is Rs 74 apiece and 52-week low is Rs 24 apiece. The company has a market capitalization of Rs 146 crore at the time of writing the report.

5 Years Return: The stock has given a return of 467% in last 5 years, 460% in last 3 years, and 121% in last 1 year.

About The Company: Alphalogic Techsys Ltd came into existence in 2018. The small cap company operates in the IT Software sector. It develops software. It designs and creates web & mobiles application, offers development, consulting, and business intelligence services.

 

Bharat Gears Ltd Fixes Revised Record Date For Bonus Issue

The board of directors of the company in its regulatory filing stated, "we wish to inform you that the Board of Directors of the Company vide its resolution passed through circulation on August 29, 2022 has revised the Record Date for Bonus Issue of Equity Shares of the Company as 'Wednesday, September 28, 2022' in place of 'Tuesday, September 13, 2022' for the purpose of determining the members entitled for the Bonus Equity Shares in the ratio of 1:2 i.e. One (1) Bonus Equity Share of Rs. 10/- each fully paid up for every Two (2) Equity Shares of Rs. 10/- each fully paid up to the eligible members by capitalizing a sum of Rs. 5,11,83,530/- (Rupees Five Crores Eleven Lakhs Eighty Three Thousand Five Hundred Thirty Only) out of the Capital Redemption Reserve, subject to the approval of Shareholders in the scheduled Annual General Meeting (AGM) dated September 20, 2022. You are requested to take the above on record."

Therefore, the record date for bonus issue is September 20, 2022. 

Bharat Gears Ltd Stock Outlook

The current market price of the stock is Rs 234 apiece on BSE with a 52-week high at Rs 234 apiece and 52-week low at Rs 120 apiece, respectively. The stock gained 9% intraday. The small cap company has a market capitalization of Rs 241 crore.

5 Years Return: The stock has given a return of 43% in last 5 years, 219% in last 3 years, and 56% in last 1 year.

About the company: Incorporated on 23rd December 1971, BGL is India's largest gear manufacturer. Since commencing business in 1974, BGL entered into the technical know how with Holcroft, Michigan, U.S.A. for manufacturing Furnaces in May 1983 and with ZF Friedrichshafen, AG, Germany, in 1985 to Mid May, 2007 technical & Financial collaboration for manufacturing Gear Boxes. BGL manufactures a wide range of gears for HCV, MCV, LCV , utility and off-highway vehicles. The products includes bevel, straight bevel and transmission gears.

Bharat Gears Ltd Hits New 52-Week High Today

The stock has hit a new 52-week high today. It opened at Rs 211 apiece, touched the intraday's high at Rs 234 apiece and intraday low at Rs 209 apiece.

eClerx Services Ltd Fixes Record Date For Bonus Issue

The company's board has stated in its BSE filing, "We wish to inform that the Stakeholders' Relationship Committee of the Board of Directors of the Company, by means of Circular Resolution passed on September 12, 2022, have fixed Thursday, September 22, 2022 as the Record date for the purpose of determining the eligibility of Members' for allotment of bonus equity shares in the proportion of 1 (one) new equity share of Rs. 10/- (Rupees Ten Only) each for every existing 2 (two) equity shares of Rs. 10/- (Rupees Ten Only) each."

Therefore, the record date for bonus issue is September 22, 2022. 

eClerx Services Ltd Stock Outlook

The current market price of the stock is Rs 2294 apiece on NSE with a 52-week high at Rs 2970 apiece and 52-week low at Rs 1755 apiece, respectively.

5 Years Return: The stock has given a return of 90% in last 5 years, 388% in last 3 years, and 2% in last 1 year. The company has a market capitalization of Rs 7,763 crore.

About The Company: eClerx provides business process management, automation and analytics services to a number of Fortune 2000 enterprises, including some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology companies.