1:1 Bonus Record Date: Penny Stock Under Rs 50 To Trade Ex-Date Today, July 4: Do You Own?

1:1 Bonus Record Date: Iris Clothings Limited shares were trading higher on Friday, the day of its bonus record date. The company scrip was trading 4.27% higher at Rs 34.90 per share on BSE on Friday at 10 am.

Iris Clothings Limited had announced a bonus of 1:1 for its shareholders and had fixed Friday as the record date to determine the eligibility of its shareholders. Iris Clothings shares opened at Rs 31. 79 per share on NSE and had touched an intraday high mark of Rs 35 per share on NSE on Friday at 10:10 am.

Iris Clothings Bonus Issue

The company had earlier announced a bonus equity distribution of shares in a ratio of 1:1 for eligible stockholders. In addition to this, the company also announced that it has received approval of shareholders vide Postal Ballot dated 25" June, 2025.

"We had informed about the recommendation of the Board of Directors on the "Issue of bonus equity shares in the ratio of 1:1 i.e., 1 (One) bonus equity share of face value of Rs. 2 (Rupees Two) each for every 1 (One) equity share of face value Rs. 2 (Rupee Two) each fully paid up, subject to the approval of the shareholders," noted the company in its press release. The Company has duly received approval of shareholders vide Postal Ballot dated 25" June, 2025.

Iris Clothings Bonus Issue Record Date

The company had fixed July 4 as the dividend record date to determine the eligibility of shareholders for its dividend. To become eligible for the bonus issue, it is important for investors to be mentioned in the list of company shareholders as registrar of shareholders list.

Iris Clothings Bonus Issue Share Price Technical Analysis

"Iris Clothings stock price is bearish on the Daily charts with strong resistance at 68.17. A Daily close below support of 64 could lead to a target of 58.5 in the near term," stated A R Ramachandran, independent research analyst.

The company stock was named as 'Strong Performer, Getting Expensive' on the Trendlyne website. The company scrip had received a consensus recommendation of 'Strong Buy' with a target price of Rs 80 per share, according to Trendlyne website.

According to the website, "The consensus recommendation is based on 1 analyst recommendations. The Consensus Estimate is the aggregate analyst estimates for listed companies."

The stock had a durability score of 60 and a Valuation score of 38. Considering its technical aspects, the stock's momentum score stood at 64. The company scrip's momentum score indicated that it is 'Technically Moderately Bullish'. A High Momentum Score indicates the stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock universe.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.