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Upper Circuit Share
Trends
- 1
A company's board has fixed the record date for a 1:1 bonus share issue, meaning shareholders will receive one additional share for every share held. Following the announcement, the stock jumped straight to its upper circuit limit in trading, reflecting strong investor enthusiasm for the bonus issue. Indian market watchers are tracking the development closely.
- 2
Bonus share refers to free additional shares a company gives existing shareholders. Posts in Hindi say Concord Biotech announced a 1:1 bonus issue, with the board fixing the record date, and the stock hit the upper circuit on the news. Investors are discussing which companies are issuing bonus shares and the record dates to remember.