₹1 lakh to ₹40 lakh in 5 yrs! Small cap multibagger declares 2:1 bonus - Do you own? Record date, stock performance
Indian markets moved lower in a corporate actions development with October 1 in focus.
· LiveMint Markets
GTV Engineering Limited's shares dropped 1% on October 1, yet recorded solid weekly gains. A 2:1 bonus share issue has been approved, with the record date set for October 7, making October 6 the last purchase day for eligibility.
Key facts
- Dates in focus
- October 1, October 7 and October 6
The analysis
Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
Market context
- The immediate tone of coverage reads positive.
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