public sector Construction company NBCC is going to give bonus shares to its shareholders in the ratio of 1:2. NBCC i.e. National Buildings Construction Corporation will give 1 bonus share to its investors for every 2 shares. This simply means that if an investor has 1000 shares of NBCC, he will be given 500 bonus shares. However, it is important to take special care that bonus shares do not affect the valuation of your shares. Let us tell you that any company issues bonus shares to increase the liquidity of the stock and reduce the stock price, which makes it economical for investors.
The company has fixed the record date on 7th October
NBCC has fixed the record date and ex-bonus date for bonus shares on 7th October. NBCC shares will trade ex-bonus on October 7. NBCC will give bonus shares only to those investors who hold shares of the company till October 7. If you also want bonus shares on NBCC shares, then you have time till October 4. Actually, the markets will be closed on Saturday, October 5 and Sunday, October 6 and you will not be able to buy NBCC shares on these days. Therefore, you have only time till October 4 to buy shares.
The company's shares closed with gains on Tuesday
On Tuesday, October 1, NBCC shares were up by 0.42 per cent (Rs 0.75). After this rise, the shares of the company closed at Rs 180.15. However, the share price of NBCC is still below its 52 week high. The 52 week high of the company's shares is Rs 209.75, while its 52 week low is Rs 56.86. According to BSE data, the current market cap of this government company is Rs 32,427.00 crore. Let us tell you that NBCC works under the Ministry of Housing and Urban Affairs of the Central Government.
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