Upcoming Bonus Shares: 4 Companies That Will Offer Free Shares From Sept 27 To Oct 7

4 companies are all set to reward their shareholders with bonus shares beginning from September 27 to October 4, 2024. These companies are NBCC (India), Pulsar International, Classic Electricals, and Shikhar Leasing & Trading. Shikhar Leasing & Trading and Classic Electrical are penny stocks and delivered shareholders attractive returns. Meanwhile, NBCC India is a public sector undertaking (PSU). Check details below:

1. NBCC (India) Shares To Trade Ex-Bonus Soon: According to the BSE filing of NBCC (India) issued as on 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."

It fixed Monday, October 07, 2024 as record date to determine the eligibility of members to receive bonus shares.

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 56.86 per share (as on 4/10/2023), respectively. NBCC (India) shares zoomed 4.94% in trade on September 27, surged 56% in last last 6-months, and delivered stunning return of 116% in 2024. NBCC shares gained 202% in last 1-year and rose 462% in last 2-years.

2. Pulsar International: Pulsar International recommended 1:10 bonus shares for shareholders implying shareholders will receive 1 bonus share for every 10 shares held as on the record date. Pulsar International fixed September 27, 2024 as the record date for bonus share. Earlier, Pulsar International conducted 1:10 stock split and shares traded ex-split on 19 April, 2024.

Last trading price of Pulsar International Ltd shares on BSE is Rs 15.25 per share with gain of 4.96% in trade today. Pulsar International shares offered stunning returns of 109% in last 6-months and rallied 7161% in last 2-years. The 52-week high price of Pulsar International shares on BSE is Rs 16.00 per share and 52-week low price is Rs 5.53 per share.

3. Classic Electricals Ltd: The company recommended 5:1 bonus shares and declared October 4, 2024 as the record date for bonus share. The last trading price of Classic Electricals shares on BSE is Rs 15.50 per share. Its 52-week high price is Rs 15.50 per share and 52-week low price is Rs 15.50 per share, respectively. The market cap of the company stood at Rs 2.30 crore.

4. Shikhar Leasing & Trading Ltd: Last trading price of Shikhar Leasing & Trading shares on BSE is Rs 3.15 per share. The company is engaged in NBFC sector. It had also recommended bonus share in the ratio of 3:1 implying shareholders will receive 3 bonus shares for every 1 share held as on the record date. The ex-bonus date for Shikhar Leasing & Trading shares is Oct 4, 2024.

Disclaimer: The stocks highlight the bonus shares and are not 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.