The record date for the 4:1 bonus share issue is scheduled for August 10. This means that shareholders will receive four additional shares for every one share they currently hold, enhancing their overall shareholding without any extra investment.
In light of this corporate action, investors are advised to set a stop-loss at Rs. 24 to manage potential risks effectively. A stop-loss order will help protect against significant losses if the stock price declines below this level.
While the bonus issue is expected to positively impact the stock’s liquidity and market interest, it's important to monitor market conditions closely. The target price for the stock will be determined based on how the market responds to the bonus issue and other influencing factors. Keeping a stop-loss in place ensures that investors can safeguard their investments while positioning themselves for potential gains.
