Bonus Shares In August 2023: Stock markets are showing a rally after waiting for months. The month of July has proved to be a bumper for the domestic stock market. During the month both BSE Sensex and NSE Nifty made record high multiple times. However, after 3 consecutive weeks of rally, the last week proved to be a bit sluggish and both the indices registered a slight fall. Investors are getting a lot of opportunities to earn from the rally returned in the market.
What is bonus share
Apart from the market rally, investors in the domestic market are also earning from dividends and bonuses. The month of August is also not going to be empty. During the month, investors of 4 companies are going to get shares in bonus. In such a situation, the shareholders of these companies will get the shares for free without any extra cost. Companies issue bonus shares to their shareholders as a reward. This is a way of giving a share in the earnings to the investors who show confidence.
Kamdhenu Ventures
Shareholders of this company, which manufactures painting and coating products, are going to get one share for one share. This share is getting ex-bonus on the first day of the month i.e. 1st August, Tuesday.
Nintec Systems
Shares of Nintek Systems are getting X-bonus on 3rd August. The board of this company has approved the proposal to issue bonus shares in the ratio of 4:5. Means shareholders of Nintech Systems are going to get 5 new shares in bonus for every 4 old shares held.
Raghav Ramming Mass
The share of Raghav Raming Maas is getting X-Bonus on 8th August. The board of this company has approved the proposal to issue bonus equity shares in the ratio of 1:1. This means that the existing shareholders are going to get 1 new free share for every 1 old share.
Lancor Holdings
Lancor Holdings shares are getting ex-bonus on 18th August. Its board has approved the issue of bonus shares in the ratio of 1:2. This means that all the existing shareholders of the company are going to get 2 new shares free of cost for every 1 old share held.
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