Bonus Share News: Stock brokering and allied services company, Motilal Oswal has announced that they will be issuing bonus equity shares to their shareholders as a reward. They’ve set a specific date, June 10, 2024, as the cutoff for determining who’s eligible to receive these bonus shares. This means that if you own shares in Motilal Oswal by June 10, you’ll likely get some extra shares as a bonus. The company made this Bonus share announcement in a filing to the Bombay Stock Exchange (BSE) on May 9, 2024. So, if you’re a shareholder, mark your calendar for June 10. You can read this article where we will share with you the details of claiming Motilal Oswal bonuses According to your Bonus shares.
In a recent development, Motilal Oswal, a prominent player in the stockbroking and allied services sector, has announced its intention to issue Bonus Shares to its shareholders. The decision was made during a board meeting held on April 26, 2024, where it was recommended that Bonus Shares be distributed in the ratio of 3:1. This translates to the issuance of three additional equity shares, each with a face value of Rs 1, for every existing equity share held, also valued at Rs 1 each.
Motilal Oswal Bonus Share Price 2024
Bonus Shares serve as a gesture of appreciation towards shareholders, effectively augmenting their ownership stakes in the company without any additional monetary outlay. Moreover, this strategic move is expected to bolster retail participation and expand the equity base of Motilal Oswal. This decision underscores the company’s commitment to enhancing shareholder value and fostering investor confidence in its growth trajectory.
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Market Shares of Motilal Oswal
Over the past two weeks, Motilal Oswal’s stock has experienced significant volatility and weakness, reflecting a decline of -17.42%. Currently trading on the Bombay Stock Exchange (BSE) at Rs 2147.55 per share, the stock witnessed a slight drop of -0.26% during the last trading session. Looking at its 52-week performance, the stock has reached a high of Rs 2,677 per share and a low of Rs 617.20 per share.
With a market capitalization of Rs 32,000 crore according to BSE analysis, Motilal Oswal’s stock maintains a face value of Rs 1 per share. These metrics collectively underscore the fluctuating nature of Motilal Oswal’s stock in recent weeks, indicating potential challenges and opportunities for investors in the company.
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What is Motilal Oswal Stock Company?
Motilal Oswal Financial Services Limited is a renowned Indian financial services firm that offers a wide range of services including wealth management, retail broking, institutional equities, asset management, investment banking, private equity, and commodity broking. Established in 1987 by Motilal Oswal and Raamdeo Agrawal, the company has grown into a prominent player in the Indian financial market. It is known for its strong research capabilities and customer-centric approach, catering to a diverse clientele of retail and institutional investors.
Motilal Oswal has carved a niche for itself in the industry through its innovative product offerings and technology-driven platforms. With a commitment to integrity, transparency, and excellence, the company continues to expand its presence and deliver value to its stakeholders.