Bonus Shares: The company’s board has approved the bonus and also fixed the record date for the bonus.
Fiam Industries Limited has recently announced the bonus to shareholders in the ratio of 1:1. That means investors will get 1 share bonus for every 1 share, that is, if you have 10 shares of the company then you will get 10 shares as a bonus and if you have 100 shares then you will get 100 shares as a bonus. The company has set the record date for the bonus shares as February 28, 2024.
Although there was a lot of positivity in the stock since the beginning and investors were continuously buying, after the announcement of the bonus issue some more buying started and the share price is close to its all-time high.
However, today a decline of 2 percent has been seen in this stock.