Upcoming Bonus Shares in October 2024

Bonus shares are extra shares given to existing shareholders for free, based on how many shares they already own. Companies usually do this to share profits or reserves with shareholders, showing their financial strength and growth potential. 

For example, in a 1:1 bonus issue, shareholders get one extra share for each share they own. So, if someone holds 100 shares, they would receive 100 additional shares. While this increases the number of shares in the market and may lower the share price, it gives shareholders more ownership in the company. In this article, explore the upcoming bonus shares in October 2024.

List of Bonus Issues in October 2024

Overview of the Companies Issuing Bonus Shares in October 2024

• NBCC (India) Limited

NBCC (India) Limited is a Navratna company owned by the Government of India and operates under the Ministry of Housing and Urban Affairs. The company works in three main areas: Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. In their Q4 results, the company’s revenue grew by 44.25% compared to the previous year, showing strong overall growth. Additionally, profit increased by 25.53% year-over-year, reflecting NBCC India’s effective cost management and improved operations.

• Classic Electricals Ltd

Classic Electricals Ltd manufactures and deals in a wide range of electrical goods and accessories. Their products include switch plates, boxes, and various electrical items made from materials like polystyrene, polypropylene, and ABS plastic. They also produce switches, sockets, lighting fixtures, and other electrical components, as well as import and export these items. The company’s net profit for the quarter ended June 2024 increased to ₹0.03 crore from ₹-0.04 crore in the previous quarter. 

• Shikhar Leasing & Trading Ltd

Shikhar Leasing & Trading Ltd, established on December 4, 1984, operates as a non-banking finance company (NBFC) focusing on providing loans. For the quarter ended June 2024, the company’s revenue increased to ₹0.21 crore from ₹0.19 crore in the preceding quarter. Meanwhile, the net profit increased to ₹0.05 crore from ₹-0.06 crore in the previous quarter. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.