• The dividend-paying stock has fixed December 22, 2022 as the record date for issuing bonus shares in the ratio of 1:2
Bonus Shares 2022: Precision Wires India Limited shares are one of the stocks that are in focus today as the small-cap stock is trading on the ex-bonus stock today. The Board of Directors of the Company has fixed December 22, 2022 as the record date for the issue of bonus shares. The small-cap company board has already declared bonus shares in the ratio 1:2, which means one bonus share for every two shares held by a shareholder on the record date for bonus shares.
As expected, despite the weak sentiment in the Indian stock market today, the bonus giving stocks attracted huge buying by the stock market investors. Shares of Precision Wires India today opened with a wide margin and hit a day high of ₹79.50 on the NSE, registering a gain of nearly 13 per cent within minutes of the market opening. However, the stock saw profit-booking soon and is currently trading at ₹73.55 on the NSE, up nearly 5 per cent from yesterday's close of ₹70.15.
Informing the Indian markets about the record date of the Bonus Shares, Precision Wires India Limited said, "In furtherance of our communication dated November 14, 2022, November 29, 2022 and December 14, 2022, we wish to appoint the Board of Directors of the Company ( notify the Board). 5,78,18,115 Equity shares each by way of fully-paid-up Bonus Equity Shares in the ratio of one Equity Share for every two Equity Shares held by the eligible members whose names appear at its meeting held on the 16th December, 2022 Shares have been allotted. In the register of members/list of beneficial owners by December 22, 2022, the record date for the purpose is being fixed."
In its first exchange communication in November 2022, Precision Wires India Limited had informed, "The Board has unanimously considered a Bonus issue of 1 (one) Equity Share for every 2 (two) Equity Shares held by the Shareholders of the Company and Approved. On record date."
Precision Wires India share price history
This multibagger small-cap stock is one of those stocks, which has given strong upside movement in the post-Covid rebound. In April 2020, this small-cap stock was available at ₹13.50 per share and today it is at ₹79 per share. This means that this small-cap multibagger stock has given 700% returns in a span of almost 3 years. This happened despite the stock being under selling pressure over the last one month, during which it has declined over 25 per cent.
dividend paying stock
This small-cap stock is one of the dividend paying stocks on Dalal Street. The small-cap stock traded ex-dividend in February 2022 and August 2022. In 2021, the multibagger stock traded ex-dividend in February, August and November. In the year 2020, it did ex-dividend business in February and November.
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