Fri Nov 15 12:06:12 IST 2024: ## Banko Products Announces Bonus Share: One for One
**Mumbai, India:** Banko Products, a leading company in the [insert company’s industry], has announced a bonus share issue, giving shareholders one bonus share for every share held. The company disclosed this information to stock exchanges on Wednesday, November 13th.
The bonus share will be issued on a 1:1 basis for shares with a face value of ₹2. While the company has not yet declared a record date for this bonus issue, it is expected to be announced soon.
This is not the first time Banko Products has offered a bonus share. In 2007, the company had already given a bonus share on a 1:1 basis. Additionally, in February 2023, the company declared a dividend of ₹20 per share.
The announcement comes after a period of strong performance for the company. Over the past six months, Banko Products’ share price has risen by over 21%, and investors who have held the stock for a year have seen a return of 19%. In the last two years, the stock has generated a whopping 261% return for positional investors.
Despite the positive news, Banko Products’ shares closed down by over 4% on Wednesday, ending the day at ₹700. The company’s 52-week high is ₹798, while the 52-week low is ₹505.35. Its current market cap is ₹5006.31 crore.
**Disclaimer:** This is not an investment recommendation. The stock market is subject to risks. Please consult with an expert before making any investment decisions.
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