Gulshan Polyols, a small-cap company that produces ethanol and specialty chemicals, is set to remain in focus next week as it announced a bonus share issue for its shareholders earlier this month. The record date for the bonus share issue is June 21, and the company’s shares closed at INR 278.70 with a 1.73% gain on Friday, June 16. Over the past three years, Gulshan Polyols has delivered nearly eight times returns to its investors, making it a multibagger stock.
Key Highlights:
– Gulshan Polyols, a small-cap company, has announced a bonus share issue in a 1:5 ratio for its shareholders. The record date for the same is June 21.
– The company has a market capitalization of around INR 1,440 crores and produces ethanol and specialty chemicals.
– Over the past three years, the company’s shares have delivered a return of 714%.
– The bonus share issue is a common incentive given by companies to their shareholders.
What is a Bonus Share Issue?
A bonus share issue is an additional share given to existing shareholders in a company, usually as an incentive. The decision on the ratio of the bonus share issue is taken by the company’s board, and it is usually based on the company’s financial performance and cash reserves. The record date, ex-date, and issue date are crucial dates for investors to keep in mind when it comes to bonus share issues.
Disclaimer: Investing in the stock market comes with risks. It is always advisable to seek expert advice before investing your money. Moneycontrol does not recommend any investment in particular and does not offer investment advice.
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