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Stock market update Upcoming bonus shares in January 2024

09 Feb 2024

Introduction:

Imagine getting extra shares of your preferred company without making any fresh investment. This is essentially what a bonus share represents: when a company allocates additional shares to its current shareholders based on their current ownership.

Bonus shares are allocated based on a specific ratio. In this ratio, the top number signifies the number of bonus shares a shareholder will receive, while the bottom number represents the quantity of their current shares. For instance, when a company declares a bonus share ratio of 2:1, it implies that for each share a shareholder possesses, they will receive two additional bonus shares.

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The reasons a company might offer bonus shares can differ. At times, it serves as a gesture of appreciation to dedicated shareholders, demonstrating the company's success and fostering continued investment. Additionally, distributing bonus shares can enhance the total number of outstanding shares, boosting the stock's liquidity and possibly drawing in new investors. In essence, bonus shares give current shareholders an increased stake in the company and the potential for enhanced future dividends.

Upcoming bonus shares in January 2024

As 2024 begins, the Indian stock market is excited, with numerous companies preparing to grant bonus shares to their current shareholders. These bonus shares, commonly viewed as a sign of company appreciation towards its investors, bolster shareholders’ values and solidify their trust in the company.

Below are the top upcoming bonus shares in January 2024 that you can consider investing in:

1. Allcargo Logistics Limited

Allcargo Logistics Limited is a leading logistics service provider in India. Its service portfolio includes warehousing, supply chain, multimodal transportation, inland container depots, and engineering solutions. The company announced bonus shares of 3:1 on 23 December 2023. The record date for the issuance of bonus shares has been set as 2 January 2024.

As of 27 January, Allcargo Logistics’ shares were trading for Rs. 79.60 per share at the National Stock Exchange (NSE) and Rs. 80.20 per share at the Bombay Stock Exchange (BSE). The company’s market capitalisation stood at Rs. 7,959.31 crores.

2. M Lakhamsi Industries Limited

M Lakhamsi Industries Limited is a leading importer and exporter of oil seeds such as peanuts, sesame seeds, prepared oils, grains, and spices. The company has its clients in more than 25 countries across the world. On 28 December 2023, the company’s board of directors approved the issuance of bonus shares in the ratio 1:50. It means that for every 50 shares, the company's shareholders will receive one bonus share.

As of 29 December 2023, M Lakhamsi Industries’ shares were trading for Rs. 1.16 per share at the BSE. The shares were not available at the NSE. The market cap of this company stood at Rs. 70 lakhs.

3. Integra Essential Limited

Integra Essentia Limited is the second penny stock on this list of upcoming bonus shares in January 2024. The company trades life essentials, including agricultural commodities, and basic human needs items, such as clothing, energy, etc. On 1 January 2024, the company announced the issuance of bonus shares for its existing shareholders in the ratio of 1:1. The company has fixed the record date for the issuance of bonus shares as 11 January 2024.

As of 5 January 2024, Integra Essentia Limited’s shares were trading at their 52-week high price of Rs. 12.50 per share at the NSE and the BSE. The company’s market capitalisation stood at Rs. 535 crores.

4. Newgen Software Technologies Limited

Newgen Software Technologies Limited is one of the leading software companies in India, offering services such as software development, software designing, consultancy, and end-to-end software solutions. On 27 December 2023, the company’s board of directors approved bonus shares for its existing shareholders in the ratio of 1:1. The company has fixed the record date for issuing bonus shares as 12 January 2024.

As of 5 January 2024, Newgen Software Technologies shares were trading for Rs. 1,605.00 per share at the BSE and Rs. 1,599.00 per share at the NSE. The company’s market capitalisation stood at Rs. 11,251 crores.

To conclude

You can invest in these upcoming bonus shares in January to boost your stake in a company without any additional investment. But before investing, carefully analyse the company’s fundamentals, strengths, and weaknesses. 

You can open a free Demat account with Motilal Oswal and invest in these bonus shares today!

 

Related Articles : What are Bonus Share? Eligibility Criteria & Benefits | When do Bonus Shares get credited in Demat Account | How do I Know If I Am Eligible for Bonus Share

 

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