2:1 Bonus Issue: 3 Multibagger Stocks To Trade Ex-Bonus On October 13; Gains By 150-450% From 1-Year Lows

Three multi-bagger stocks namely Advance Lifestyles, MRP Agro, and RMC Switchgears are in focus on Thursday as these shares will turn ex-bonus on Friday for up to 2:1 bonus issue ratio. In the current trading sessions, Advance Lifestyles has froze at a new 52-week high, while RMC stock gained nearly 5% at least. However, MRP Agro traded on a bearish note. Nevertheless, these three stocks have given triple-digit returns to their investors as they have rallied between 150% to 450% from their 1-year lows.

Bonus shares are issued in a certain proportion only to the existing shareholders free of cost. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.

Advance Lifestyles Bonus Issue:

The stock had frozen at its new 52-week high of Rs 123.70 apiece on BSE. This was also its 2% upper circuit levels.

Upper circuits usually mean that there were many buyers in Advance Lifestyles share price on Thursday but no sellers.

That being said, the stock has jumped by nearly 293% from its 52-week low of Rs 31.50 apiece as of now.

Earlier, the company fixed October 13, 2023, as the record date to ascertain the eligibility of shareholders for entitlement for the issue of Bonus Shares in the ratio of 1:1. This means that Advance Lifestyles will issue one fully paid up equity share for every 1 equity share held to the shareholders of the company as of record date.

On October 14th, the company's board of directors will meet to consider and approve the allotment of bonus shares.

Incorporated in 1988, Advance Lifestyles' main objective is to carry on the business of Textile Mills, Trading of Cloth and Property Construction.

RMC Switchgears Bonus Issue:

In the early deals, the stock gained by nearly 5% with an intraday high of Rs 808 apiece. The stock was closing the gap towards its 52-week high of Rs 879.95 apiece.

At the time of writing, the stock traded at Rs 799.80 apiece, up by 3.70% on BSE. From this level, the stock has skyrocketed by more than 442% compared to its 52-week low of Rs 147.55 apiece on the exchange.

RMC fixed October 13 as the record date to ascertain the eligibility of shareholders entitled to issue of Bonus Equity Shares in the ratio of 1:2.

This means that RMC will issue one new equity share as a bonus with a face value of Rs 10 each for every 2 existing shares having a face value of Rs 10 each to shareholders.

RMC Switchgears first began its work under the name of RFH Metal Castings Pvt Ltd In 1994. Ever since, the company has expanded exponentially, gone under a major rebranding, delivered exceptional products and impacted the electrical industry positively.

MRP Agro Bonus Issue:

Currently, the stock froze at its intraday low of Rs 132.55 apiece, down by 4.5% on BSE. The stock was near its 5% lower circuit of Rs 131.85 apiece.

The stock did touch an intraday high of Rs 140.50 apiece in the early deals before correcting sharply.

From its current price, the stock is trading at an upside of nearly 152% from its 52-week low of Rs 52.65 apiece.

MRP Agro also fixed October 13 as the record date to determine eligible shareholders for the bonus issue in the ratio of 2:1. The bonus share ratio would mean two fully paid-up equity shares of face value of Rs l0/- each for every one fully paid-up equity share with Rs 10 each face value to the shareholders.

Earlier, the company said, the bonus issue will be out of the free reserves created out of profits or share premium account. Also, it said, the reserves and premium account required for implementing the bonus issue is over Rs 6.69 crore.

MRP Agro is a leading Indian integrated Food Grains, Rice, Oilseed Dryfruite Paper And Edible Oil Trading and import Export company with a large base of ever-growing consumers.