Bonus Shares 2024: 5 Big Firms That Will Start Offering Bonus Shares From Oct 7

5 Leading companies recently recommended bonus shares for their shareholders. These companies are NBCC (India) Ltd, Bajaj Steel Industries, Reliance Industries, Vaishali Pharma Limited, and Power Mech Projects Ltd. Power Mech Projects and NBCC will reward bonus shares to their shareholders on October 7 and October 8, 2024. Meanwhile, Vaishali Pharma fixed October 15 as the record date for 1:1 bonus share and 1:5 stock split. The remaining companies have yet to fix the record date for bonus shares. Check key details below:

1. NBCC (India) Set To Reward Free Shares On October 7: As per the exchange filing of NBCC (India) dated August 31, 2024, "Board of Directors has recommended the issuance of Bonus Shares to the Shareholders of the Company in the ratio of 1:2 i.e. 1 (One) new fully paid-up Equity Share of Re 1/- (Rupee One Only) each for every 2 (Two) existing fully paidup Equity Share of Re 1/- (Rupee One Only) each to the eligible members of the Company as on Record Date, subject to the approval of the Shareholders in the forthcoming Annual General Meeting."
NBCC fixed October 07, 2024 as record date for 1:1 bonus shares.

Last trading price of NBCC on BSE is Rs 169.05 per share. The 52-week high price of NBCC (India) shares on BSE is Rs 209.75 per share (as on 28/08/2024) and 52-week low price is Rs 57.58 per share (as on 05/10/2023), respectively. NBCC has a market capitalisation of Rs 30,429.00 crore. NBCC (India) shares fell 8.52% in last 1-month, surged 106% so far in 2024, and offered attractive returns of 193% in last 1-year only. NBCC shares gained 434% in last 2-years and rose 410% in last 5-years.

2. Bajaj Steel Industries Ltd: Last trading price of Bajaj Steel Industries shares on BSE is Rs 3323.60 per share on BSE. The company on October 3, 2024 recommended bonus shares in the ratio of 3:1 implying shareholders will be eligible to receive 3 bonus shares for every 1 share held as on the record date. The company has yet to declare the record date for bonus shares. Bajaj Steel Industries shares rose 58% in last 1-month, jumped 173% in last 6-months and offered return of 206% in last 1-year. Its market capitalisation stood at Rs 1728.27 crore.

3. Power Mech Projects: Last trading price of Power Mech Projects Ltd shares on BSE is Rs 6240.40 per share. The company's 52-week high price is Rs 7450.00 (as on 23/08/2024) and 52-week low price is Rs 3342.75 per share (as on 02/11/2023). Its market capitalisation stood at Rs 9864.92 crore. Power Mech Projects shares slipped over 6% in last 1-week, gained 51% in last 1-year, and rose 211% in last 2-years.
The company recommended 1:1 bonus share and fixed October 8, 2024 as the record date.

4. Vaishali Pharma To Offer Bonus Shares On Oct 15: Last trading of Vaishali Pharma Ltd shares is Rs 189.16 per share. The company recommended 1:1 bonus share and 1:5 stock split and fixed October 15, 2024 as the record date. The company's market capitalisation stood at Rs 246.78 crore. Vaishali Pharma shares offered return of 46% in last 1-year and gained 412% in last 3-years.

5. RIL Recommended 1:1 Bonus Shares: Reliance Industries (RIL) is likely to declare the record date for 1:1 bonus issue soon. "The issuance and listing of bonus shares will coincide with the upcoming festive season in India and will be an early Diwali Gift to all our esteemed shareholders," RIL said. Earlier, Board of RIL recommended 1:1 bonus shares on September 5, 2024.

The September 5, 2024 BSE filing said, "This is the sixth bonus issue from RIL since its IPO and the second in this Golden Decade. The bonus issue is a testimony to Reliance's continued commitment towards rewarding shareholders during the Golden Decade from 2017 to 2027."

Last trading price of Reliance Industries Ltd shares on BSE is 2773.80 per share. The 52-week high price of Reliance Industries shares on BSE is Rs 3217.90 per share (as on 08/07/2024) and 52-week low price is Rs 2221.05 per share (as on 26/10/2023). Reliance Industries shares slipped over 9% in last 1-week, fell 10% in last 3-months, and gained 20% in last 1-year. The company's market capitalisation stood at Rs 18,76,718.24 crore.

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