Bonus stock: PVC pipe maker's stock trades ex-bonus; check out bonus ratio

Astral Bonus Share Issue; Share Price Today BSE, NSE: Astral Ltd (ASTRAL) shares traded ex-bonus on Tuesday. The stock of the Gujarat-based manufacturer of PVC pipes, Astral, declined as much as 2.6 per cent to Rs 1,375 apiece on BSE, adjusted for the bonus issue.

What is ex-bonus trade?

When a stock trades ex-bonus, its market price is adjusted by subtracting the bonus payout. Bonus is a type of corporate action meant to reward shareholders.

Astral bonus ratio: Where does it stand and what does it mean?

The Astral bonus issue is in the ratio of 1:3, meaning one bonus share will be issued against every three shares held. For instance, an investor holding 60 Astral shares will get 20 bonus shares given the bonus ratio.

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Astral bonus news: Record date

Earlier, the company had fixed March 14 as the record date for the issuance of the bonus.

A record date determines which shareholders qualify to benefit from corporate action such as issuance of bonus shares.

Astral share price: Historical performance

Astral shares have lost 42 per cent of their value in the past six months, a period in which the Nifty has declined 4.9 per cent.

Astral Ltd (ASTRAL): Company profile

Astral makes a wide range of products such as plumbing pipes, fittings, insulation tubes, fire sprinklers and water tanks.

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