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In the coming days, Nugen Software Technologies Limited may gift bonus shares to investors. The company has given this information to the stock market. The company has said that a decision on the issue of bonus shares will be taken in the board meeting to be held in the coming days. Let us tell you that after this news, an upper circuit of 5 percent has been seen in the shares of the company.
Tata Technologies IPO sent the gray market into a frenzy, expecting a 70 percent gain on the first day
According to information available on BSE, on Friday the company informed that the board meeting will be held on November 27. In this meeting, a decision will be taken to issue bonus shares. The company has also informed that trading of shares will not be possible from November 17 to 19. Let us tell you that if the approval of the board is received then the bonus shares will be given.
Money doubled in 6 months
The price of one share of the company touched the level of Rs 1242.60 on the BSE after the upper circuit on Friday. In the last 6 months, the share price of the company has seen an increase of 102 percent. It means that the money of permanent investors has more than doubled during this period. At the same time, investors who bought and held the stock a year ago have made a profit of over 269 percent year-to-date.
The company is preparing to issue bonus shares for the first time
The company has never issued bonus shares to investors before. But it declares dividends to investors at regular intervals.