Bonus Issue: These 4 companies are distributing bonuses, last chance to take advantage

News Topical, Digital Desk : Companies are continuously announcing bonuses in the stock market. Many companies announced bonuses this week as well. Bonus related actions will continue next week as well. The ex-date of bonuses of 4 companies is falling next week. That means it will be decided next week who will get the benefit of the bonus issue. Out of these 4 companies, the ex-date of 3 companies is 11 July and the ex-date of one is 8 July. That means you have the last chance left to avail the bonus.

Which companies have an ex-date?

The ex-date of bonus of Meghna Infracon Infrastructure is on 8th July. The company has announced to give one bonus share for every share. The ex-date of bonus of Alkosign Ltd is on 11th July. The company has announced to give one bonus share to its investors for every 2 shares held. The ex-date of bonus of Dynamic Cables Ltd is also on 11th July. The company has announced to give one bonus share for every share held. The ex-date of bonus of Roto Pumps Ltd is also on 11th July and the company is going to give one bonus share for every share held. 

What to keep in mind: You get the benefit of corporate action only if you have purchased the shares before the ex-date. Corporate action is not applicable on purchase of shares after the ex-date. Also keep in mind that the bonus brings down the market price level but the direction of the share price remains unaffected by it. In such a situation, before taking advantage of the bonus, definitely take advice from an expert on the share. 

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