A stock known as Kanpur Plastic had been recommended few months ago which had rewarded the investors handsomely. Having recommended at around 140 or so it had moved upto 216. Currently, it is languishing at the lower levels.
Company is coming up with bonus in the ratio of 1 : 2 (one equity share against every 2 held). The record date for the same is 8th Sept 2016 for which the communication has been sent to the share holders.
Those who are keen to buy this stock can do so. On the other hand those who already hold it can stay put to enjoy the bonus. Company is enjoying very good fundamentals.
Issue of bonus (in other words, ploughing back of money from reserves, is indicative of the fact that company has the plans to go in for diversification to take up expansion plans or add - on.
Wish you all the best ever.