New Delhi:
GNA Axles Ltd has brought exciting news for investors as it now trades as an ex-bonus stock in the market.
The company is generously rewarding eligible shareholders with 1 bonus share for every share they hold.
As of Thursday’s market closing, GNA Axles Ltd’s stock was priced at Rs 1024.95, marking a 3.29 percent increase.
Record Date Announcement
The company had previously announced this bonus share scheme during its board meeting on July 11.
Eligible investors will receive one additional share with a face value of Rs 10.
The record date to determine eligibility for this bonus share was set for September 2, 2023.
This date gains significance as the market remains closed on the following day, Saturday, September 3, 2023.
Performance in the Stock Market
GNA Axles Ltd has demonstrated strong performance in the stock market over the past year, delivering over 40 percent returns to its investors.
In the last six months alone, the stock has gained more than 12 percent. Notably, the company’s 52-week high on NSE stands at Rs 1064.90 per share.
It’s worth mentioning that GNA Axles Ltd is exclusively listed on NSE.
For Investors, GNA Axles Ltd’s bonus share offering and impressive market performance spell promising prospects ahead.
