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Investors betting on bonus shares DP Wires Limited has good news ahead of Diwali. The company has announced bonus shares for investors. Eligible investors will get 1 bonus share. DP Wires Limited has also declared a record date for bonus shares. X-bonus date is this week.
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When is the record date of bonus shares?
According to information received by DP Wires Limited on September 29, the bonus shares were announced in the board meeting. The company has decided to issue 1 bonus share for every 7 bonus shares. While in the meeting of 26 October 2023, the record date has been fixed as 8 November 2023. That is, only the investor whose name will be in the record book of the company on this day will get the benefit of bonus shares.
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Company performance in stock market
On Friday, the price of one share of the company was Rs. closed at the level of 664.40. The share price of the company has seen an increase of more than 60 percent in the last 6 months. At the same time, investors who bought and held a year ago have made more than 50 percent profit so far.
The company hit a 52-week high of Rs. 724.95 and a 52-week low of Rs. 330.30 per share. Let us tell you that the market cap of the company is Rs 901.46 crore.