Gulshan Polyols Ltd to issue bonus shares; record date announced
Gulshan Polyols Ltd, a multi-bagger stock in the share market, has witnessed a whopping 1200% surge in its share prices over the last three years. The company has now announced that it will be issuing bonus shares to its investors in the ratio of 1:5. The good news for investors is that the ex-bonus date is next week, making them eligible for the bonus issue.
Record date for bonus shares
The company has informed the stock market that for every five shares, one bonus share will be given to eligible investors. The record date for the bonus issue has been fixed for June 21, 2023. This means that investors whose names appear on the company’s record book on this day will receive one bonus share for every five held.
Gulshan Polyols Ltd’s rise in the share market
Over the past three years, Gulshan Polyols Ltd’s share prices have soared from Rs 22 to Rs 280. In the past three months alone, the company has given a 45% return to positional investors. The company’s 52-week high is Rs 299.80 per share, while its 52-week low is Rs 193 per share.
In conclusion, Gulshan Polyols Ltd’s announcement of issuing bonus shares is a positive development for its investors. The company’s rise in the share market has been impressive, and its bonus issue is expected to further boost investor confidence.
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