Multibagger stocks: Pondy Oxides, Ram Ratna Wires share price drops 5% ahead of turning ex-bonus tomorrow | Details

Multibagger stocks:  Two stocks will be in focus on Wednesday. These stocks will react to the corporate announcements made by the respective companies. Pondy Oxides and Chemicals Limited and Ram Ratna Wires will turn ex-bonus on Wednesday, September 28.  Both shares dropped around five per cent in Tuesday's intraday trade ahead of the ex-date. 

Bonus shares are fully paid additional shares offered by the company to its existing shareholders without any additional cost. These shares are given to the current shareholders on the basis of their existing holding in the company.  

Pondy Oxides & Chemicals bonus 2022 

The company, which caters to Ferro & Silica Manganese industry, has declared a 1:1 bonus, which means the company will give one share against each share held by an eligible shareholder in their demat account on the record date. Pondy Oxides and Chemicals bonus date 2022 to ascertain eligibility of a shareholder for 1:1 bonus has been fixed as Thursday, September 29. Ahead of trading ex-bonus, this Dolly Khanna stock declined nearly five per cent to Rs 1025.25 per share in BSE intraday trade on Tuesday.  POCL is one of the leading secondary lead Smelters in India. It produces lead and lead alloys, Zinc Metals, Zinc Oxides and PVC additives which are mainly supplied to battery manufacturers, chemical manufacturers and PVC extruded and moulded products. Pondy Oxides & Chemicals is a multibagger stock that has yielded over 150% return in the past one year and surged more than 325% in the past two years.  

Ram Ratna Wires bonus 2022 

The Board of Directors of Ram Ratna Wires has declared a bonus in the ratio of 1:1, under which the existing eligible shareholders will get one share against every share in their demat account. Shares of Ram Ratna Wires, which claims to be the second largest manufacturer of super enamelled copper winding wires in India, will start trading ex-bonus from Wednesday. Ram Ratna Wires bonus record date 2022 for finalising shareholders for 1:1 bonus is September 29. Ram Ratna Wires share price dropped almost five per cent in early trade to Rs 415.65 per share on the BSE. Ram Ratna Wires is a multibagger stock which has jumped nearly 250% from its 52-week low value of Rs 126.20 per share that the counter traded in October last year.