A share turns ex-bonus when the buyer no longer has the right to obtain the current bonus. Bonus shares are free of cost share that companies declare for their shareholders. If a company announces one for two bonus shares, it would imply that an existing shareholder will receive two additional shares for one existing share.
When the shares trade at an ex-bonus price, the investors buying the shares today will not receive the bonus shares declared by the company. The investors have to buy the shares one day before ex-date to become entitled for the bonus shares.
Two small-cap stocks will turn ex-bonus next week namely A Infrastructure Ltd and ANG Lifesciences India Ltd. Let us find the crucial details below:
1. ANG Lifesciences India Ltd
The small-cap pharmaceuticals company on May 30, 2022 approved bonus share issue in the ratio of 1:4 that implies 1 new equity share will be issued against 4 equity shares held by the shareholder. The company as per its BSE filing stated, "Pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company in their meeting held on today, has fixed Thursday, 14th July, 2022 as ''Record date'' for the purpose of determining the eligibility of shareholders for the entitlement of issue of Bonus equity shares in proportion of One (1) new equity share for every Four (4) existing equity shares, subject to the shareholders'' approval sought through Postal Ballot/Evoting. Kindly acknowledge receipt of the same."
Ex-bonus date: The ex-bonus date is July 13, 2022 and record date is July 14, 2022.
About The company: It came into existence in the year 2006. It has a market capitalization of Rs 203 crore at the time of writing the story (10:52 am). The company is operating in the sector of Hospitals and Allied Services. It had reported a total income of Rs 95 crore, with a jump of 92% as against Rs 49.77 crore in the last quarter. It declared a total net profit after tax at Rs 5.25 crore in the current quarter. The products that it manufactures include gluco corticoid and anti-inflammatory, anti-malarial, anesthetics, sterile dry powder vials for antibiotics, etc.
Stock Outlook: The current market price of the stock is Rs 196.70 apiece with a gain of 4.99% in today's trade till 11:06 pm. The 52-week high is Rs 800.45 apiece and 52-week low is Rs 53.05 apiece. It had registered highest recovery from 52-week low.
Multibagger returns: It has given multibagger returns with 228% return in 1 year and 309% return in 5 years.
2. A Infrastructure Ltd
The Cement Industry small-cap company had given its nod on May 30, 2022 for bonus share issue in the ratio of 1:1 which means that 1 new equity share shall be issued against 1 equity share held by the shareholder. The company in its BSE filing said, "We would like to inform you that Bonus Issue Committee of the Company in its meeting held today has fixed Wednesday, July 13, 2022 as the ''Record Date'', for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- each for every 1 (One) existing Equity Share of Rs. 5/- each."
Ex-bonus date: The ex-bonus date is July 12 and record date is July 13, 2022.
Multibagger returns: It has given multibagger returns with 404% returns in 5 years.
Stock Outlook: The current market price of the stock is Rs 46.40. It has gained 4.98% in trade today. The 52-week high of the stock is Rs 76 apiece and 52-week low is Rs 26.15 apiece, respectively. It is a company with strong financials.
About The company: A Infrastructure Ltd. came into existence in 1980. The small cap company has a market cap of Rs 188.49 Crore) operating in Building Materials sector. The company's current market capitalization is Rs 197 crore.
The above is the list of stocks collated that will go ex-bonus next week until July 8, 2022. Readers should not construe the story for investment advice into the mentioned stocks.