Upcoming Bonus Shares In September 2024: 6 PSUs, Pvt Firms Set To Award Free Shares

5 leading public sector undertakings and private firms will soon begin to award bonus shares to shareholders. These stocks will begin to trade ex-bonus from September 9 to September 20, 2024. These companies are Saksoft Ltd., RITES Ltd, Franklin Industries Ltd, Indo Cotspin Ltd, Acceleratebs India Ltd, and Monarch Networth Capital Ltd.

What is bonus share? These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares. Check details below:

1. Monarch Networth Capital: Last trading price of Monarch Networth Capital shares on BSE is Rs 875.80 per share with gain of 4.65% in trade on September 6. Monarch Networth Capital shares gave returns of 70% in last 3-months, surged 101% year-to-date, and offered returns of 158% in last 1-year. Monarch Networth shares rallied 561% in last 3-years and soared 3889% in last 5-years. The 52-week high price of Monarch Networth Capital share on BSE is Rs 884.75 per share (as on 6/09/2024) and 52-week low price is Rs 309.00 per share (as on 13/09/2023), respectively.

Monarch Networth Capital shares will trade ex-bonus on September 13, 2024. It had recommended 1:1 bonus share on July 28. Monarch Networth Capital also declared Re 1 per share dividend of the face value of Rs 10 each on July 23 and set August 2 as the record date.

2. RITES: Last trading price of Mid cap Navratna public sector undertaking, RITES Ltd on BSE is Rs 662.10 per share. Its market cap stood at Rs 15,910.39 crore. The 52-week high price of RITES shares on BSE is Rs 826.15 apiece (as on 27/02/2024) and 52-week low price is Rs 432.65 apiece (as on 26/10/2023), respectively. RITES shares gained 2% in last 1-week, slipped over 3% in last 1-month, soared 31% year-to-date, jumped 31% in last 1-year, and zoomed 121% in last 2-years.

RITES recommended 1:1 bonus share and fixed September 20, 2024 as the record date. Earlier this year, RITES Ltd recommended Rs 5/share dividend of the face value of Rs 10/- each for FY 2023-24. Its market capitalisation stood at Rs 16,637.30 crore.

3. Franklin Industries: Last trading price of the penny stock Franklin Industries shares on BSE is Rs 3.78 per share. Franklin Industries shares traded upper circuit on September 6, 2024. Its market cap stood at Rs 54.66 crore. Franklin Industries Ltd shares slipped over 10% in last 2-weeks, fell 47% in last 3-months, and gained an attractive 103% in last 1-year. In last 2-years, Franklin Industries shares soared 366%.

Franklin Industries recommended 1:1 bonus share and fixed September 9, 2024 as the record date.

4. Saksoft Ltd: Last trading price of Saksoft Ltd shares on BSE is Rs 321.50 per share with gain of 8.98% in trade on September 6, 2024. The company's market capitalisation is Rs 3215.00 crore. The 52-week high price of Saksoft shares on BSE is Rs 399.40 per share (as on 20/10/2023) and 52-week low price is Rs 210.00 per share (14/03/2024), respectively. Saksoft shares gained 10% in last 1-week, jumped 29% in last 3-months, slipped 7% in last 1-year, and surged 200% in last 2-years.

Saksoft had recommended 1:4 bonus share and decided to revise the record date for from September 13, 2024 to September 19, 2024.

5. Indo Cotspin: Last trading price of Indo Cotspin Ltd shares on BSE is Rs 90.47 per share. The 52-week high price of Indo Cotspin shares on BSE is Rs 100.24 per share (as on 06/08/2024) and 52-week low price is Rs 34.25 per share (as on 28/11/2023), respectively. The company has a market capitalisation of Rs 38.00 crore. The textile company's shares slipped over 7% in last 1-month, jumped 86% in last 3-months, and surged 101% in last 6-months.

The company recommended 7:10 bonus shares implying shareholders will get 7 bonus shares for every 10 shares held as on the record date. The company sought to revise the record date for 7:10 bonus share from September 6, 2024 to September 10, 2024.

6. Acceleratebs India Ltd: Last trading price of Acceleratebs India shares on BSE is Rs 324.90 apiece. The 52-week high price of Acceleratebs India shares on BSE is Rs 404.95 per share (as on 29/02/2024) and 52-week low price is Rs 136.00 per share (as on 16/02/2024), respectively. The company's market capitalisation stood at Rs 69.81 crore. Acceleratebs India shares gained 89% so far this year and rallied over 2% in last 1-year.

The company recommended 3:5 bonus shares and fixed September 12, 2024 as the record date.

Disclaimer: The stocks highlight 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.