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There is good news for investors betting on bonus stocks. Oletech Solutions has decided to issue 17 bonus shares. The company has been on the upper circuit for the past several days. The share price of the company has reached the level of Rs 239.60 after making the upper circuit on Friday. Let us tell you that Olatech Solutions has announced bonus shares for the first time.
A change in management in this Tata company, 20 percent upper circuit was imposed
When is the record date?
It was decided in the board of the company that for every 20 shares, 17 shares will be given as bonus. The record date set for this is tomorrow i.e. 20 November 2023. which is tomorrow. That means the company will trade as an ex-bonus stock on Monday.
Gave stormy returns in last 6 months
After the upper circuit on Friday, the company’s share price on BSE was Rs. reached the level of 239.60. Since November 12, the company’s shares have remained in the upper circuit for maximum number of days. Talking about the last one month, the share price of the company has seen an increase of more than 45 percent. At the same time, investors who bought and held the stock six months ago have seen a 166 percent return so far.
Oletech Solutions hit a 52-week high of Rs. 239.60 and a 52-week low of Rs. 75 per share.