The information has been picked from StockEdge, which tracks corporate actions and market announcements. The bonus issue has generated buzz among market participants, particularly long-term investors who often see bonus shares as a reward for loyalty.
With today marking the last day to buy the shares of the company, trading activity in the stock is expected to draw attention as last-minute buyers seek to make themselves eligible.
A bonus issue is a way for companies to reward shareholders by issuing additional shares free of cost, thereby increasing the number of shares held without affecting the overall value of the investment.
In the case of Godfrey Phillips, an investor with 100 shares will receive 200 additional shares, tripling the total holding post-issuance. While the price adjusts accordingly after the bonus, investors often welcome such moves as they signal management confidence and improve liquidity in the stock.
The shares of Godfrey Philips have delivered a 101% gain year-to-date (YTD), reflecting a strong rally so far this year. Over the past six months, it has surged 85.35%, while in the last three months it is up 23.43%. On a shorter timeframe, the stock has gained 4.84% over the past one month, indicating continued momentum despite recent volatility.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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