This Monopoly Multibagger Stock’s Record Date For Bonus Shares Nears: Check If You Wish To Own It

Bonus shares are indeed issued for increasing liquidity in the stock and also may be to reduce the stock's share price. The company BSE is a monopoly stock within its category and has yielded 271% in 1-year. In fact the stock is showing aggressive performance of late and in intra day trade on March 11, 2022 has hit a fresh 52-week high of Rs. 2868 per share on the NSE. The company already a multibagger can increase your forunes being a monopoly stock.

BSE Bonus Issue Announcement

In its filing dated February 8, 2022, the company announced that it shall pay onus equity shares in the ratio 2:1 i.e. two equity shares of Rs. 2/- each for every one fully paid-up equity share of Rs. 2/- each held by the Shareholders of the Company as on the Record Date.

Record Date For BSE Bonus Shares

The record date for BSE bonus shares is March 22, 2022. It is the date on which the company determines eligible shareholders who are entitled to get the extra shares credited to their demat account basis their holding in the same as on the record date.

BSE Stock Fundamentals And Financial Performance

The company's standing as the country's oldest stock exchange is already known. While it is currently trading at a high valuation. The company has maintained a good RoA. Nevertheless, the promoter holding in the stock is negligible but FII holds stake in the company.

The company in the previous December ended quarter posted sequential decline in revenue from operations. Also, the company's PAT reduced sequentially to Rs. 41.3 crore, nevertheless it is higher on a YoY basis.An investor would buy shares of a company which was about to issue bonus shares to its shareholders.

Importantly, bonus stripping which was so far practiced to set off capital gains will not be available from April 1, 2022, so do not buy  shares with the intent to set off any short term loss against capital gains.