During the early trade on Tuesday, BSE Limited’s share price reached a one -month high. The main reason for this boom is announcement by the company’s board to issue bonus shares. The BSE has approved its investors to give two bonus shares on each existing stock. This is the second time BSE has decided to issue bonus shares in the same proportion in the last three years. Earlier in February 2022, investors also received two additional bonus shares on one stock.
Sharing price boom
On Tuesday, BSE stock opened at Rs 5,544 against the previous closing level of Rs 5,479.80 and reached Rs 5,575.50 during trading. By around 10:30 pm, it was trading around Rs 5,481 with a slight increase of Rs 1.20 or 0.02 percent.
Bonus share record date
A record date will be announced soon to decide the names of eligible shareholders for bonus shares. This decision has come at a time when BSE share prices have increased by more than 100 percent in the last 12 months. Since the listing in 2017, the price of the company’s shares has increased by more than 15 times so far.
Positive attitude of analysts
According to Bloomberg report, 10 out of the 13 analysts monitoring the BSE have recommended ‘buying’ the stock, while two have advised to ‘sell’ and one. This indicates that market experts have confidence in BSE performance and possibilities.
Important information
This article has been prepared only with the objective of giving information related to bonus share issue. It is not advisable to invest in it. Investment in the stock market is related to risk, so it is necessary to get opinion from the financial advisor before investing.
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