Bonus share issues are an appealing move for investors due to the appeal of getting something for nothing and the satisfaction of earning a bonus. An impressive 35 companies have already announced bonus shares in 2023, according to data that was available on the BSE as of the 1st of July 2023. Bonus shares are free shares that investors receive in exchange for the shares they already own. A few companies have decided to disclose their record date in order to update the investors. In next week of July, three stocks will trade ex-bonus. Roto PumpsRoto Pumps, a renowned manufacturer of positive displacement pumps, was established in India in 1975 and has emerged as a prominent global player in the pump industry. In a recent development on May 24, 2023, the board of Roto Pumps approved the recommendation of issuing bonus shares in a 1:1 ratio. This implies that every existing shareholder will receive 1 bonus share of 2 each for every share they currently hold. During the quarter ending March 2023, Roto Pumps achieved significant growth in its financial performance. The company recorded a revenue of 719 million, marking a remarkable year-on-year increase of 46.2%. Additionally, the net profit for the same period surged by 57.9% on a year-on-year basis, reaching 110 million. The notable surge in net profit and revenue can be attributed to the robust demand for Roto Pumps’ products in both domestic and export markets. Kansai NerolacThe company, in a meeting held on May 8, 2023, approved the declaration of Bonus Equity Shares in a 1:2 ratio. Subsequently, in a Board meeting on June 21, 2023, the Record Date for the 1:2 Bonus Equity Shares was fixed as July 4, 2023. This means that shareholders will receive one new equity share of Re.1 each for every two existing equity shares held. The company’s stock closed at 456.75 per share, registering a 0.18% increase from the previous close. Its 52-week high and low stand at 535.90 and 363.20 per share, respectively. Over the past month, the stock has witnessed a significant surge of 11.17%, while over the past three months, it has shown a growth of 18.41%. Furthermore, it has delivered returns of 21.70% over the past year. Bhansali EnggBhansali Engineering Polymers Ltd. announced a recommendation for a 2:1 Bonus Share issuance. This means that shareholders will receive one bonus equity share of Re. 1/- each for every two fully paid-up equity shares of Re. 1/- each held. The Board later confirmed the record date for the 2:1 Bonus Shares as July 5, 2023. The shares of Bhansali Engineering Polymers Ltd. closed at 134.45 per share, marking a 0.98% increase from the previous close. The stock’s 52-week high and low are recorded at 167.25 and 87.15 per share, respectively. Over the past week, the stock has witnessed a 4.22% increase. However, it has experienced a decline of 6.79% over the past month, followed by a significant jump of 52.87% over the past three months. In terms of annual returns, the stock has shown a positive growth of 23.92% in one year and an impressive 1893.88% in three years. Related Premium Stories