Bonus Share: Gujarat Toolroom Limited, a company producing plastic products, is giving its investors a gift of 5 bonus shares instead of 1. The company announced a bonus share in a ratio of 1: 5 after its meeting on January 6, 2025. Bonus shares means that investors who hold 1 share of the company will get 5 bonus shares.
The record date for the bonus shares of Gujarat Toolroom is tomorrow ie Tuesday (February 18). In a information sent to the stock market on February 12, the company said it would give a bonus of 5 stocks on 1 share. Under bonus shares, eligible shareholders will get Rs. There will be 5 bonus shares for each share of the face value of 1.
Shareholders who buy shares before X-date and record date are eligible to receive bonus shares from the company. Bonus shares are free shares offered to the company's current shareholders. The number of bonus shares available to the shareholder depends on the number of shares they already have. Bonus shares are usually offered to investors who have long kept the company's shares for a long time.
Gujarat Toolroom is a penny stock. On Monday (February 17), it costs Rs. 0.25 or 2.04% increased to Rs. Was trading at 12.50. However, the stock has seen a decline in the last one year.
The stock has dropped 25% during this period. The highest price of the stock is Rs. 46 is while the lower Rs. 10.18. The total market market on BSE is Rs. 290 crores.
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