Bravo! This company will give 6 bonus shares instead of 1, the upper circuit started as soon as the market opens

Bonus Share News: This company has announced bonus shares, since which the stock price is continuously increasing. As soon as the market opened on Monday, there was an upper circuit on this stock.

Stock Market News: If you are also looking for an opportunity to take advantage of corporate action along with the rise in the stock price in the stock market, then there is a special update for you. In fact, field production and distribution company Pooja Entertainment has announced bonus shares for shareholders. After this, the situation is such that for the last 3 trading days, the upper circuit is being seen on the stock. On Monday (30 October 2023), as soon as the market opened, there was an upper circuit on this stock. On Monday, the stock was trading at Rs 252.80 per share with an upper circuit of 5%. The stock hit its 52-week high of Rs 289.95 per share and a 52-week low of Rs 149.40. In fact, last Saturday i.e. 28 October 2023, the company informed the exchanges about the issue of bonus shares and also informed about the decision taken in the board meeting. Know the details of bonus share The company has decided in the board meeting that 6 bonal shares will be issued for one share at a face value of Rs 10 per share. The face value of the new shares issued will also be Rs 10 per share. This means that investors who have stocks of this company will get 6 additional shares after the bonus shares are issued. The company has said that the new shares will be issued from its free reserve. When will bonus shares be issued? The company also said that the bonus shares will be issued to eligible shareholders within 2 months of approval from the board. This means that these bonus shares will be issued to the shareholders by December 27, 2023, in the demat account of the shareholders. How has this stock performed? In the recent past, investors have made good profits from this stock. Last week, the stock has seen a rise of more than 18%. However, in the last 6 months, this stock has shown a rise of more than 57%. So far this year, the stock has seen a rise of 30% and in the last 1 year, about 35%.