Real estate company Grovy India has announced the record date for the bonus issue. The company informed the stock market about the record date on Saturday. In the information sent to the stock market, the company said that the record date for the bonus issue has been fixed as 23 October 2024. The company has announced the release of bonus in the ratio of 3 and 1. The company said that shareholders will be given 3 shares with a face value of Rs 10 as bonus for every share with a face value of Rs 10. The stock closed with a decline of about 2 percent in Friday's session.

Stocks gave great returns The company's stock has given good returns to its investors in the long term. In the last 3 years, the stock has given a return of more than 255 percent. That is, during this period, the money invested in the stock has increased three and a half times. At the same time, the stock has increased by more than 95 percent in a year. So far in the year 2024, the stock has increased by 55 percent. However, in the short term, the return in the stock has been limited. In 3 months, the stock gave a return of negative 2 percent. At the same time, there has been a gain of 6 percent in a month and 4 percent in a week. On Friday, the stock closed at 163.3 with a decline of 1.6 percent. The promoters' stake in the company has remained consistently above 72 percent and the promoters of the company have redeemed their pledged shares this year. By the end of the December 2023 quarter, about 28 percent of the shares were pledged. However, the pledged shares of the promoters have come down to less than one percent by the end of the March 2023 quarter and have remained at this level.