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News Topical, Digital Desk : Next week, we can see action in the stocks of many companies due to bonus announcement. Next week, the ex-date of bonus of one company is going to come. At the same time, the bonus proposal will be considered in the board meeting of two companies. The impact of the announcement can be seen on the companies.
Which companies' boards will consider it?
Two companies VRL Logistics and Bemco Hydraulic may announce bonuses next week. Logistics solution provider company VRL Logistics has informed this week that its board meeting is going to be held on 4th July in which the bonus proposal will be discussed. The stock closed at 573 with a slight decline in Friday's trade. Apart from this, the other company is Bemco Hydraulic. The company has informed that its board meeting is going to be held on 30th June in which the bonus proposal will be considered. The stock is currently at 2549. Which company's ex-bonus date is next week? The ex-date of Container Corporation's bonus shares is falling on 4th July next week. The company has announced to give one bonus share for 4 shares. The stock is currently at 756. What is a bonus share? Bonus share means issuing shares to an investor in proportion to their stake in the company without any additional value. It is called bonus because in this the face value of the shares held by the investor does not change and he gets shares of the same face value without paying anything extra. In split also the number of shares increases although the face value decreases. However, due to no change in the market value and increase in the number of shares, the price of the shares comes down in the same proportion. Generally companies issue bonus shares to bring down the price level of their shares. This makes the shares available to a larger investor class and the share benefits from increased liquidity.
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