Bonus Issue: These two smallcap companies to offer free shares! Do you own?

Bonus Shares: The markets have remained volatile of late and investors have suffered huge losses. However, the selling pressure of FIIs seems to be decreasing. Amid this, many companies have announced bonus shares. Here we are going to tell you about two such multibagger smallcap stocks which are going to give bonus shares in the coming days. 

Kitex Garments 

The management of Kerala-based textile company Kitex Garments has said that the company is considering giving bonus shares. The company said in an exchange filing that a decision will be taken on the proposal during the company's board meeting on Friday, November 22.

Kitex Garments Share Price

After this announcement, the company's shares rose by 5 per cent and hit the upper circuit. The stock reached a price of Rs 637. Earlier on November 8, 2024, the stock had touched a 52-week high by reaching a price of Rs 678.

Kitex Garments Share Price History

The stock has climbed around 31 per cent in one month and 188 per cent in six months. It has given a multibagger return of 202 per cent in one year.

Garware Technical Fibres

Garware Technical Fibres has announced bonus shares, after which the stock hit an upper circuit of 20 per cent. The stock also touched a 52-week high of Rs 4,782 on November 19. However, on Tuesday it fell by more than 5.5 per cent and closed at Rs 4,427. 

The company has announced that it will give 4 new shares as a bonus for each 1 share of face value of Rs 10. That is, the company will give bonus shares in the ratio of 4:1. Under this, the company will issue 7,94,12,676 bonus equity shares.

Garware Technical Fibres Share Price History

The stock has given good returns to investors. It has gained 16 per cent in the last 5 days. At the same time, it has seen a rise of 36 per cent in 6 months. The counter has given a 38 per cent return in one year and 281 per cent in five years.