Technopack Polymers, a company providing plastic packaging solutions, is going to give bonus to its investors. The company announced the record date of the bonus issue on Friday and informed the stock market about it. In a letter sent to the stock market, the company said that it has announced to give one bonus share for every share to its investors. Now the company has declared Monday, January 27 as the record date for distributing the bonus shares. That is, the shareholders whose names are recorded in the company's records on January 27 will get the benefit of the bonus issue.

How was the performance of the stock?

The stock closed at 75.8 on Friday, down more than one percent. The highest level of the year for the stock was 96, which was recorded on January 23 last year. That is, the stock has slipped 21 percent in a year. However, the stock has made a year's low of 51.15 on October 31, 2024. That is, the stock has also recovered 48 percent in less than 3 months. After the bonus issue is issued, the stock will see a decline in the same proportion. Who else announced the bonus this week? This week Anand Rathi Wealth has announced to give one bonus share on one share to its investors. The company has announced the bonus on Monday, January 13 itself. This is the company's first bonus announcement. Under the bonus issue, the company issues shares to its investors without any additional cost. The board decides how many shares will be issued. With the release of bonus, the number of shares of the company in the market increases. However, as the market value remains stable, the market value of each share decreases in the same proportion in which the bonuses have been issued.