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Bonus share: Just single issue with record date this week: Pharma firm's free shares with 68% returns since IPO; ratio
Pharma firm's bonus share issue with record date this week and 68% returns since IPO.
Context
What happened: Concord Biotech has set November 4 as the record date for a 1:1 bonus issue. Investors must hold shares by November 3 to qualify.
Key numbers: Bonus ratio 1:1. Record date November 4. Stock closed 1.25% higher at ₹1,245.30 on October 30. Market capitalisation ₹13,027.86 crore. Down about 14.28% over the past year.
Why it matters: It is the only bonus issue record date scheduled for the coming week, per BSE website data as on November 1. The stock ended higher as part of bullish sentiment across pharmaceutical sector stocks through the week.
What changed
Concord Biotech has set November 4 as the record date for a 1:1 bonus issue. Investors must hold shares by November 3 to qualify.
Why it matters
It is the only bonus issue record date scheduled for the coming week, per BSE website data as on November 1. The stock ended higher as part of bullish sentiment across pharmaceutical sector stocks through the week.