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Bonus Stock: This week, Paul Merchants will trade on the stock market as an X Bonus stock. Company is giving 2 shares as bonus for every 1 share. For the first time, the company will gift bonus shares to investors. Let us tell you that in the last one year, there has been a surge of more than 100 percent in the shares of Paul Merchants in the stock market.
The year 2023 will be in the name of these 5 companies, including Tata Technologies IPO.
Record date before 20th December
In the information given to the stock markets, the company said that a bonus of 2 shares will be given for 1 share. The record date of this bonus issue is December 19, 2023. That is, any investor whose name will be in the record book of the company will be given 2 shares as bonus for every 1 share. Earlier in 2019, the company paid a dividend of Rs 2 per share to investors.
Money doubles in 6 months
Shares of Paul Merchants have been facing an upper circuit since December 11. The share price of the company reached the level of Rs 3906.75 after the upper circuit on Friday. In the last one year, the share price of the company has seen an increase of 178 percent. Positional investors have gained almost 200 percent in the last 6 months.
The IPO has been cracking since 19th December, the company has taken the gray market by storm, GMP at Rs. Over 400
Shares of this company which distributes bonus shares have seen an increase of more than 45 percent in the last one month. The company’s 52 week high share is Rs. 3906.75 and a 52-week low of Rs. 1050 is The market cap of the company is Rs 401.61 crore.
(This is not investment advice. The stock market is subject to risks. Be sure to consult an expert before making any investment.)