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Investors will get rich! nykaa punit commercial 2 stocks to trade this week x-bonus check details ThePipaNews

ThePipaNews

Mumbai: Issuance of bonus shares in the stock market is the declaration of additional or free shares to the existing shareholders of the company. Instead of paying profits, the company distributes a portion of its income to shareholders. For example, if the bonus share ratio is 5:1, it means that the eligible shareholders will be given 5 additional shares for every 1 equity share as on record date. Currently two stocks Nike and Punit Commercial are going to pay X-bonus this week with 5:1 bonus ratio. Let’s find out more about it today…

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Nykaa Bonus Share
Bonus issue of equity shares will be given in the ratio of 5:1. The Board approved the bonus shares in its meeting held on 3rd October 2022 and fixed the record date as 11 November 2022. According to BSE data, the stock will trade ex-bonus on November 10. The company’s shares were listed on the BSE and NSE stock exchanges in November last year. Shares of the company closed up 2.48% at Rs 1,132 on Monday.

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Bonus shares are additional shares issued by a company to its existing shareholders in full. Also the actual number of bonus equity shares issued and share capital after bonus issue will be determined on the basis of paid-up share capital as on record date, the company said. The company believes that bonus shares will encourage long-term retail investor participation. Meanwhile, Nayak for the three months ending September 2022 posted a consolidated net profit of Rs. 5.19 crore which is a multiple increase from Rs.1.17 crore in the same period a year ago.

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Punit Commercial Bonus Shares
Small-cap company Puneet Commercial Limited will issue bonus shares in the ratio of 5:1 in the meeting held on October 4, 2022. Its record date is set as Wednesday, November 9, 2022. Shares of Punit Commercial will start ex-bonus trading from November 9, 2022, according to BSE data. The company’s shares were last traded on October 3. Its shares then closed at Rs 51.25.

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