Bonus shares and stock splits always interest traders. Three companies are planning to reward shareholders with bonus shares and stock will get cheaper as it will carry out stock split. These 4 stocks have already offered shareholders multibagger returns in last few months. These companies are Promax Power, Grauer & Weil (India) Ltd, NaapBook, and Sprayking Ltd. The record date of these stocks are falling in the month of April. Here are more information that will help you take key decisions pertaining to these stocks:
- Grauer & Weil: The small cap company is planning to reward shareholders with bonus issue in the ratio of 1:1 implying shareholders will be eligible to receive 1 bonus share for every 1 share held on April 10. The company fixed April 10 as the record date for 1:1 bonus issue. Last trading price of Grauer & Weil (India) Ltd share on BSE is quoted at Rs 197.90 apiece. The 52-week high price of Grauer & Weil share is Rs 204.80 and 52-week low price is Rs 100.00 per share. It has a market capitalisation of Rs 4486.51 crore. It operates in the sector of commodity & chemicals. Grauer & Weil shares delivered attractive return of 93% in 1-year and 232% return in last 2-years. Grauer & Weil stock surged 402% in last 3-years.
- Sprayking Ltd: Sprayking will conduct stock split in the proportion of 1:5 implying 1 existing share will be split or sub-divided in to 5 new shares. Last trading price of Sprayking share on BSE is quoted Rs 225.20 apiece. Earlier this month, Sprayking set April 12 as record date for 1:5 stock split. Its 52-week high price is Rs 300.20 apiece and 52-week low price is Rs 79.17 apiece. It has a market capitalisation of Rs 237.99 crore. Sprayking shares zoomed 188% in last 1-year span and gave shareholders return of 1349% in last 2-years span.
- Promax Power Bonus Issue: The Small cap company operating under the civil construction industry is going to offer 1 bonus share to shareholders on April 9, 2024. Promax Power shares surged 117% in last 3-months period and offered attractive return of 206% in last 1-year. Promax Power share gave shareholders attractive return of 496% in last 3-years-time. The company announced 1:1 bonus share and record date has been fixed as April 9. Its market cap is Rs 172.31 crore.
- Naapbook Bonus Issue: The share price of Naapbooks on BSE is quoted at Rs 231.00 apiece. It functions in IT sector. It has a market cap of Rs 69.60 crore. Naapbook today fixed April 19, 2024 as record date for 2:1 bonus shares implying shareholders will be eligible to get 2 bonus share for every 1 share held as on April 19. Its 52-week high price is Rs 272.00 apiece and 52-week low price is Rs 67.43 apiece. Naapbooks shares gave high returns of 108% in last 3-months-time and offered even higher return of 243% in last 1-year.
