Here is the list of upcoming bonus stocks in India. These companies have declared bonus shares recently.
THE ANUP ENGINEERING, NAAPBOOKS and SHUKRA PHARMA are among the companies which have declared bonus shares in April 2024.
Bonus shares are free shares that shareholders receive against shares they currently hold. These allotments typically come in a fixed ratio like 1:1, 2:1, 3:1 etc.
If the ratio is 2:1, existing shareholders will receive two ''bonus'' shares for every 1 share originally held. Post the issue, investors will have three shares of ABC Ltd.
Some people think that issuing bonus shares can be beneficial for share prices. The logic behind this is that the increased marketability of the shares leads to increased demand. This, in turn, pushes the share price up.
The other side of this it is while bonus may seem good, they actually give investors nothing they didn't already have. In substance, it's just a way of breaking up the same company into a higher number of shares and distributing these additional shares pro-rata to shareholders.
After opening the day deep in red, Indian share markets reversed the trend as the session progressed and ended on firm footing.