2 IT Stocks To Watch Out For Bonus Shares And Third Interim Dividend

Corporate actions at a company are crucial as understanding those enable shareholders and investors to have a clear idea about the company's financials and further any such attempt at the company also helps investors to determine their next move on the stock i.e. whether to sell or buy a particular scrip.

1. Brightcom Group:

The small cap computers sector company integrates Ad-tech, new media and "Internet of Things" (IoT) based business mainly in the digital ecosystem. The company's clientele include bluechip names such as Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India, Vodafone, Titan, and Unilever. Publishers include Facebook, LinkedIn, MSN, Twitter, and Yahoo!

The global entity is placed at the forefront of the digital landscape. The company in its board meeting held on January 25, 2022 approved the issue of bonus share issuance in the ratio of 2:3 i.e. 2 shares for every 3 shares of the company held by its shareholders as on the record date. "The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared, if any, after the issue and allotment of such Bonus Shares", added the filing. For the said bonus shares, the company is yet to announce the record date.

The stock of the company in trade on January 28, 2022 hit an upper circuit of Rs. 180.95 per share on the NSE. This stock has been the multibagger over the 1-year and 3-months period yielding returns to the tune of 3131% and 137%, respectively.

Bonus share issuance impact on the value of shareholders investments

Here we will like to stress that though after the issuance of bonus shares, the number of shares with shareholders in the proportion as proposed by the company but the total value of his or her ownership in the bonus shares issuing company continues to be the same.

2. Coforge:

This is a mid-cap IT company previously known by NIIT Technologies. The global digital services and solutions provider enables its clients to transform at the intersect of domain expertise and emerging technologies to achieve real-world business impact. The company capitalizes on Cloud, Data, Integration and Automation technologies.

The company as part of its dividend payout has so far for FY 2022 has declared three interim dividend and for the last dividend announced of Rs. 13.

"Further in terms of Regulation 42 of the SEBI Listing Regulations, 2015 as amended, the Board has fixed February 08, 2022 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for payment ofThird interim Dividend. The payment ofThird interim dividend/ dispatch of dividend warrants would be done within 30 days from the date of declaration of dividend", said the filing. For the said dividend, the stock shall turn ex-dividend on February 7. The stock last traded at a price of Rs. 4766.25, up over 8 percent.

IT stocks	Corporate Action	Record date	Ex-date
Brightcom group	Bonus shares in the ratio of 2:3	Yet to be announced	-
Coforge	Interim dividend of Rs. 13	February 8, 2022	February 7, 2022

Disclaimer:

The above article is just for informational purpose and is not a call for investment in these listed shares. Equities investment pose risk of financial losses so be vigilant before exercising any such call.

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