IGL Share Price: Record date for the IGL bonus issue has been set for January 31, 2025. The bonus issue ratio is 1:1, meaning eligible shareholders will receive one additional share for every share they hold. The allotment of bonus shares will take place on February 3, 2025. Investors must purchase shares before January 30, 2025, to qualify for the bonus issue, as shares bought on the ex-date do not qualify for corporate benefits like dividends or splits. As of the last NSE trading session, the current share price stands at Rs 396.1.
Bonus Issue Details
Indraprastha Gas Ltd (IGL) is issuing bonus shares for the first time in its history. The record date will determine the eligible shareholders who will receive bonus shares. The company has scheduled the allotment for February 3, 2025.
IGL Share Price Performance
The stock has seen a 7.97% decline over the past year, in contrast to a 7.07% gain in Nifty and a 9.72% rise in the Nifty Energy index. Over the last six months, it has dropped by 28.74%, while in the past three months, it has fallen by 7.08%. In the most recent month, the stock registered a marginal decline of 0.58%. During the latest trading session, it closed 2.2% higher at Rs 391 on BSE.
Market Reaction & Trading Activity
IGL has gained for three consecutive sessions, currently trading at Rs 396.1, up 1.45% on NSE as of 12:49 IST. The stock saw a trading volume of 24.77 lakh shares, lower than its one-month average of 47.4 lakh shares. The Nifty Energy index, in which IGL is a constituent, has dropped 5.72% in the last month but saw a 1.74% gain in the most recent session, indicating renewed investor interest.
Investment Perspective
Despite recent underperformance, the bonus issue could attract fresh buying interest. Investors should track the ex-date of January 30, 2025, and the record date of January 31, 2025, to ensure eligibility for the bonus shares.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Investors should consult with financial experts before making investment decisions.