1:1 Bonus Issue Record Date Today: Multibagger Small Cap Stock Hits 52-Week High

Shares of small cap paint stock, Kamdhenu Ventures Limited hit new 52-week high in trade today as it trades 1:1 ex-bonus. The company informed BSE about its plan to consider bonus issue on June 24, recommended 1:1 bonus issue on June 28, and fixed August 1, 2023 as the record date. Kamdhenu Ventures shares offered 133% return in last 6-months. Check details below:

What is Bonus Record Date: Record date is the cut-off date set by the company. Shareholders of the company on the day of record date become eligible to receive bonus shares. The Ex-date is usually a day before the record date.

Kamdhenu Ventures Limited Record Date For Bonus Issue Today: As per the BSE filing of Kamdhenu Ventures Limited dated June 30, "We wish to inform that, the Company has fixed Tuesday, 1st August, 2023 as the Record Date to determine eligibility of the shareholders entitled for issuance and allotment of bonus equity shares of the Company in the proportion of One fully paid up equity shares of Rs. 5/- each for every One fully paid equity share of Rs.5/- each held (Ratio 1:1) by the equity shareholders of the Company as on the Record Date, subject to approval of shareholders of the Company at the 02/2023-24 Extra-Ordinary General Meeting scheduled to be held on Monday, 24th July, 2023 through Video Conferencing/ Other Audio Visual Means."

Kamdhenu Ventures Stock Outlook & Return: Last trading price of Kamdhenu Ventures share is Rs 190.15 per share on BSE with intraday gain of 6.26%. The stock hit its new 52-week high intraday on BSE. Kamdhenu Ventures shares 52-week high price is quoted at Rs 339.30 per share and 52-week low price is Rs 125.60 per share, respectively. Its market capitalisation is Rs 1195.49 crore. Kamdhenu Ventures stock offered 42% return in last 1-month, jumped 67% in last 3-months, and soared 133% in last 6-months.

Kamdhenu Ventures About: It functions as a paint company. Kamdhenu Ventures offers dual paint, designer series, acrylic washable distemper, exterior emulsion, wood coating products, and water proofing solutions, among others.

Benefits Of Bonus Shares: There are several benefits of bonus shares that can be listed below as:

1. When an existing shareholder received bonus shares from the company, it will significantly boost his investments in the company and consequently raises the liquidity of stock. The long-term shareholders of a company who are keen to enhance their investment, can benefit a lot from bonus shares.

2. Bonus shares give a strong boost to the confidence of the investors in the company's operations as company utilizes the cash for the growth of business.

3. The investors are saved from paying any taxes on receiving bonus shares.

4. Whenever the company announces dividend in future, the existing shareholder is set to obtain more dividend as he possesses more shares in the company as a result of bonus shares.

5. Bonus shares send out positive message to the market as it reflects that the company is determined towards its long-term growth.

Disclaimer: The stock just highlights the bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.