These 4 Stocks Set To Issue Bonus Shares In July

Markets ended flat on Thursday as BSE Sensex shed 98 points to close at 53,416.15 while Nifty50 ended at 15,938.65 after losing 28 points. Hero Motocorp, Axis Bank, HCL Tech, and SBI fell over 1% in today's trade. Meanwhile, Sun Pharma, ONGC, Dr Reddys Labs, and Kotak Mahindra gained today.

According to Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services Ltd, "Domestic equities were volatile amid weak global cues and index weekly expiry. Nifty opened with minor gains but failed to sustain above 16k levels on back of profit booking. However, decline in India's WPI to 15.18% in Jun'22 from 15.88% in May'22 provided some relief with Nifty ended the session with loss of just 28 points at 15,939 levels. Broader markets were mixed with Nifty Midcap 100 down 0.1% while Nifty Smallcap 100 fell more than 1%. Among sectors Oil & Gas, Consumer Durables, Pharma and Auto are positive. While IT, PSU Bank, Realty, Metals, Financial Services were under pressure."

Global Markets continued to remain under pressure after the US inflation further deteriorated to 9.1% in June and continued to remain at four-decade high. Sentiments were also affected after IMF warned that it may cut its global growth forecast amid uncertain global environment, added Siddhartha Khemka.

Amid all this, 4 stocks are scheduled to issue bonus share in the month of July. Check below for more detail:

Date	Name of the company	Ratio of bonus
19/07/2022	AKI India Ltd	3:10
19/07/2022	Panth Infinity Ltd	1:2
20/07/2022	Rajnish Wellness Ltd	2:1
25/07/2022	Hardwyn India Ltd	1:2