Monday, October 18, 2021

GPIL | BONUS SHARE | What Should a Trader or Investor do?

 


Godawari Power & Ispat Ltd.

INDUSTRY : IRON & STEEL/INTERM.PRODUCTS 

 SECTOR : METALS & MINING

CMP : 1424



Godawari Power & Ispat (GPIL) said that its board has approved the proposal for sub-division of equity share of face value of Rs 10 each of the company into two equity shares of Rs 5 each (2-for-1), subject to approval of the shareholders of the company.

The company's board has also decided to issue bonus shares in the ratio of 1:1 by capitalizing the free reserves after the proposal for split of the shares is approved by the shareholders of the company.

Ex-DateBonus RatioRecord Date
Oct. 26, 20211:1Oct. 27, 2021

What to do now?
If you are a long term investor then hold as there is no problem in stock fundamentally as well as technically. 

Short term investor and trader should exit from the stock one trading day before  the ex - date , i.e 26 Oct 21, because after bonus stock may enter into short term consolidation.





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