Upcoming Bonus Shares 2024: 6 Stocks Set To Go Ex-Bonus From May 23, 1 PSU To Recommend

6 leading companies from public sector undertakings and private sector declared bonus shares. These bonus stocks will begin trading ex-bonus from May 23 till August 9. Meanwhile, Oil India Ltd will consider proposal of bonus share along with financial results and dividend tomorrow. These 6 stocks are Motilal Oswal Financial Services, GM Breweries, Inox Wind, Hindustan Petroleum Corporation, Bharat Petroleum Corporation, and Newtime Infrastructure. Do not miss the record date of these stocks so that you can become eligible for these free shares. Below are key details:

1. GM Breweries Ltd: Current market price of GM Breweries on BSE is Rs 790.05 per share with intraday gain of 1.17% as on May 18. GM Breweries shares gave return of 23% in last 3-months and 40% in last 1-year. Board of Directors of GM Breweries on April 4 recommended 1:4 bonus issue. The board also declared Rs 7/share dividend shares traded ex-dividend on May 9, 2024.

As per the BSE filing of the company dated May 13, "a meeting of the Board of Directors of the Company is scheduled to be held to consider allotment of bonus shares and related matters." The record date for GM Breweries is May 25, 2024.

2. Inox Wind Ltd: Current market price of Inox Wind share on BSE is Rs 628.80 per share with intraday gain of 3.23%. Inox Wind shares gave return of 149% in last 6-months and 441% in last 1-year. As per the BSE filing of the company dated May 10, 2024, the revised Record Date has been fixed as Saturday, 25th May, 2024 for the purpose of ascertaining the eligibility of Shareholders for issuance of Bonus Equity Shares of the Company in the ratio of 3:1.

3. Newtime Infrastructure Limited: Last trading price of Newtime Infrastructure Limited share on BSE is Rs 54.32 per share. Newtime Infrastructure shares hit upper circuit on May 17 and May 18. Newtime Infrastructure shares offered return of 134% in last 6-months and zoomed 370% in last 1-year. The Board of Newtime recommended bonus share in the proportion of 2:1 with record date fixed as May 23 now as the board extended it from May 21 to May 23 now.

4. Hindustan Petroleum Corporation Ltd: The Board of Directors of HPCL recommended 1:2 bonus share implying 1 bonus share for every 2 shares held and fixed June 21 as the record date. The PSU also recommended an attractive dividend of Rs 16.50 per share with record date set as August 9, 2024.

Current market price of HPCL share on BSE is Rs 504.90 per share. Hindustan Petroleum Corporation shares offered 98% return in last 1-year and declined over 10% in last 3-months.

5. Bharat Petroleum Corporation Ltd: Bharat Petroleum Corporation Ltd (BPCL) recommended bonus share in the proportion of 1:1 and fixed June 22, 2024 as the record date. to determine the eligibility of shareholders to receive bonus shares.
Current market price of Bharat Petroleum Corporation Ltd share on BSE is Rs 628.90 per share. BPCL shares offered return of 74% in last 1-year and declined over 3% in last 3-months. BPCL shares climbed 61% in last 6-months and plummeted 4% in last 3-months. The Board of Directors of BPCL recommended a final dividend of Rs. 21/- per equity share of face value of Rs.10/-each.

6. Oil India Bonus Share: The PSU may consider proposal for bonus share on May 20, 2024 apart from considering the financial results and final dividend. Current market price of Oil India Ltd. share on BSE is Rs 646.30 per share with intraday gain of 1.05% as on May 18, 2024. Oil India shares zoomed 105% in last 6-months and soared 141% in last 1-year.

7. Motilal Oswal Financial Services Limited: Current market pprice of Motilal Oswal Financial Services share on BSE is Rs 2408.75 per share with intraday gain of 2.10%. The board of Motilal Oswal Financial Services recommended 3:1 bonus issue and set June 10 as the record date. Motilal Oswal Financial Services shares zoomed 98% in last 6-months and 281% in last 1-year.

Disclaimer: The stocks highlight the bonus shares, Record Date and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.