This stock made investors a lot of money in 1 year, now the company is distributing 9 shares instead of one…

New Delhi. The board of Sky Gold has recently approved the issue of bonus shares in the ratio of 9:1, which will provide huge benefits to the existing shareholders of the company. This means that on the record date, eligible shareholders will get 9 additional shares free for every share of face value of Rs 10. Currently the market price of this share is Rs 3,550, and the company will soon announce the record date. The market cap of Sky Gold is currently more than Rs 5,000 crore. Earlier, the company had issued bonus shares in 1:1 ratio in 2022, in which one free share was given for each share.

So far this year, the company's shares have seen a rise of more than 300 percent, although it is currently in Stage 4 of the Additional Surveillance Measures (ASM) framework. Also read – After how many years can the tenant take possession of the house, know What does the law say, which mistake would cost the landlord dearly?

What are bonus shares?Bonus shares are a way in which companies issue free shares to their existing shareholders without any additional cost. For this, the company announces a certain ratio, in which it is told how many bonus shares will be received for every number of existing shares. After issuing bonus shares, the market price of the share reduces in the same proportion.

However, this increases the number of shares available in the market, due to which the reach of shares becomes wider and due to increase in volume in stocks, strong companies get the benefit in the form of increase in stock price. Recent performance of the stockSky Gold shares on Friday It declined by 1.04% and closed at Rs 3,550. Its 52 week high level is Rs 3,685. This stock has registered an impressive growth of 394.26% in the last one year, which proves it to be a strong performing stock.

Post Views: 150