Bonus stock: Multibagger stock JTL Industries in focus as share trades ex-bonus today
JTL Industries shares will be on investors’ radar on Thursday as the stock will trade ex-bonus today. JTL Industries share price has jumped over 114% in the last one year period, doubling investors’ money. The board of directors of JTL Industries had earlier declared bonus shares in 1:1 ratio and the fixed record date for issuance of bonus shares on September 7.
Last month, the company informed Indian stock market bourses about the bonus share record date. The company said it fixed Thursday, the 7th day of September, 2023 as the Record Date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. one new bonus equity share of ₹2 each for every one existing equity share.
The record day in the stock market is the day on which shareholders are eligible to receive dividend or bonus shares. The shareholders whose names appear in the company’s record on the record date are eligible to receive the corporate benefits such as dividend and bonus. Meanwhile, ex-dividend date is the day on which a stock trades without the benefit of the next scheduled corporate action, such as dividend payment or bonus issue.
In case of JTL Industries shares, the record date for bonus issue is today. This means that only those shareholders will be eligible to receive bonus shares, whose names are registered in the company’s books as of today’s closing. Read here: Multibagger stock declares record date for 1:1 bonus shares after 2500% rally in three years. Do you own? JTL Industries bonus issue is fixed in the ratio of 1:1.
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