Shares of Shakti Pumps (India) and Raghav Productivity Enhancer are likely to attract investors’ attention as both the stocks are set to trade ex-bonus this month. These small-cap stocks have given multibagger returns to investors, and with the recent announcement of bonus issues by companies, further interest from investors is expected.
Shakti Pumps Bonus Share Issue
Shakti Pumps, a manufacturer and supplier of energy-efficient pumps and motors, had on October 7 announced that its board of directors has approved the issuance of bonus shares in the ratio of 5:1. This means, Shakti Pumps India Will issue five new shares for every one share held by the shareholder.
The company has fixed November 25 as the record date for the bonus issue.
Shakti Pumps (India) said, “…we wish to inform that the company has fixed Monday, November 25, 2024 as the record date for the purpose of determining the equity shareholders eligible for bonus equity shares of the company Is.” one in BSE Filed on 11 November.
Shares of Shakti Pumps have been sluggish in the last three months, but the smallcap stock has delivered multibagger returns of over 336% year-to-date (YTD).
Raghav Productivity Enhancer Bonus Points
Raghav productivity enhancer has announced the issuance of bonus shares in the ratio of 1:1. This means a bonus equity share Rs 10 each of existing fully paid-up equity shares 10 each.
The Company has revised the record date for the purpose of ensuring the eligibility of the shareholder for the issue of bonus shares and has fixed Friday, November 29, 2024 as the revised record date.
Raghav Productivity Enhancer’s share price has risen more than 33% in a month and more than 62% in the last three-month period.
Shakti Pumps shares closed 2.15% higher on Thursday 4,482.75 per share, while Raghav Productivity Enhancer shares closed 1.44% higher. Rs 1,639.40 per share on BSE.
