/ Motherson Sumi Turns Ex-Bonus Stock Under Selling Pressure ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 5 July 2017


The flagship company of the Samvardhana Motherson Group, Motherson Sumi Systems Limited was having a choppy trade during Wednesday’s trading session. The stock was trading lower by nearly 0.5% at Rs 303.8 per share. It witnessed a spurt in volume by more than 1.13 times.

The company has recently announced the bonus issue of equity shares in the ratio of 1:2. The record date for the bonus issue is set on July 7, 2017. The stock price has turned ex-bonus on Wednesday.

Fresh short positions are seen in the Motherson Suni stock on Wednesday. Its open interest has increased by 57.74% and the share price has declined by nearly 0.5% in the first half of Wednesday’s trade.

Bonus shares are free shares issued by the company to their existing shareholders. Bonus shares are issued in a ratio of the shares an investor hold. Bonus shares increase the number of shares in the market which changes the Earning Per Share or EPS.

Bonus shares are usually announced by the company with a record date, the date which is considered for the bonus shares. All the investors holding the shares on the record date are eligible for bonus shares.

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