Bonus shares 2024: Multibagger Monarch Networth Capital shares stay in the spotlight on Friday, as they trade ex-bonus at a 1:1 ratio today. In its statement to the exchanges on September 2, 2024, Monarch Networth Capital declared the Record Date for the Issue of Bonus Equity Shares under Securities and Exchange Board of India Regulation 42.
Friday, September 13, 2024, had been established as a record date for the Bonus Issue of equity shares in the ratio of 1:1 (i.e. one Bonus Share for each existing Equity Share held by Monarch Networth Capital).
According to the announcement, Monarch Networth Capital gained shareholder approval for the abovementioned issuance at the Extraordinary General Meeting held on Thursday, August 22, 2024.
Monarch Networth Capital's share price has climbed 16.6% since the announcement. Notably, the Monarch Networth Capital share price has been steadily climbing since July 2024, and it is up over 76% from July 12, 2024.
In July, Monarch Networth Capital proposed a final dividend of ₹1 per ₹10 equity share of the Company. The record date for calculating Members' entitlement to the final dividend for the fiscal year ending March 31, 2024 has been set for Friday, August 2, 2024.
In July 2024, Monarch Networth Capital Ltd., an integrated financial services corporation listed on both stock exchanges, announced strategic funding.
Monarch Networth Capital's share price is one of the recent multibagger stocks to emerge from the Indian stock market. Monarch Networth Capital's share price has grown 110% year to date, and 184% over the previous year, providing investors with multibagger gains. Over the previous 5 years, the Multibagger stock on the NSE has gained by almost 432%, from ₹172 to ₹919 per share.
