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?

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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.

Click Here For Latest Updates On Stock Market | Zee Business Live

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.

 Also read- Income Tax slabs, rates and exemptions for senior citizens: Know how income tax on pension is calculated