Nykaa and Punit Commercials Free Bonus Shares: The 2 Companies Announced Free Bonus Shares: Offered 5 Free Bonus Shares Per 1 Share
Companies are currently releasing their second consecutive quarter results in the market. In this order, many companies are offering dividend and bonus shares to their investors along with good earnings. But this month both companies are giving huge bonus shares.
Companies making good profits announce free shares to their existing shareholders. Instead of paying profits directly to investors, companies offer a portion of earnings in the form of shares. Will trade with ex bonus after record date. Let’s know the complete details about these now.
Nykaa Company Shares:
Recently online cosmetics seller Nykaa announced good quarterly profits. On October 3, the company’s board decided to issue 5 bonus equity shares per share. The company announced November 11 as the record date for this. This stock will trade as ex-bonus on November 10. This share was listed in the stock market in November last year. Shares of the company closed 2.48% higher at Rs 1,132 on Monday.
Punit Commercials Shares:
Punit Commercials Limited, a small cap company has also announced bonus shares to its investors. The company also decided on October 4 to offer 5 free bonus shares to its investors for every equity share. However, the company has announced November 9 as the record date for this. Shares of Puneeth Commercials will start ex-bonus trading from November 9, 2022, according to BSE information. At the close of market on November 7, the share price of the company was recorded at Rs.51.25 on the BSE.