Three firms go ex-bonus today

Ex-Bonus Shock! 2 Stocks Crash Today, 1 Soars to 5% Limit

KPI Green Energy stock surges ahead of bonus

Ex-Bonus Shock! 2 Stocks Crash Today Shares of KPI Green Energy surged over 4% on January 2, 2025, ahead of the company’s ex-bonus date scheduled for January 3. This marks the sixth consecutive day of gains, with the stock having increased more than 10% over this period. KPI Green Energy recently announced a 1:2 bonus share issue, meaning shareholders will receive one additional share for every two existing shares held. The company’s strong financial performance in Q3 FY2025, with a significant rise in both revenue and net profit, contributed to the stock’s positive momentum. The stock hit an intraday high of ₹865.65, up by 4.4%, although it is still about 22% below its August 2024 peak of ₹1,116.

Additionally, the company had approved a stock split earlier in the year, reducing the face value of shares from ₹10 to ₹5, which improved stock liquidity. KPI Green Energy operates in the solar energy sector under the brand name ‘Solarism,’ providing independent power production, turnkey solutions for captive power producers, and operations and maintenance services.

Ex-Bonus Shock! 2 Stocks Crash Today Shares of several companies, including Redtape, Inertia Steel, KPI Green Energy, Ceenik Exports (India), and Garware Technical Fibres, are expected to be in focus on January 2, 2025, as they will trade ex-date on January 3, 2025, due to various corporate actions such as dividend announcements, bonus issues, and stock splits.

Redtape has announced an interim dividend of ₹2 (100%) per equity share of ₹2 face value for FY25, with the record date set for January 3, 2025. KPI Green Energy, Ceenik Exports (India), and Garware Technical Fibres will trade ex-date following their respective bonus share issues. KPI Green Energy is offering a 1:2 bonus issue (one share for every two held), Ceenik Exports (India) is issuing a 1:5 bonus (one share for every five held), and Garware Technical Fibres is offering a 4:1 bonus issue (four shares for every one held). All of these companies have set January 3, 2025, as the record date for determining entitlement to the bonus shares.

Inertia Steel, on the other hand, will trade ex-date due to a stock split, reducing the face value of its shares from ₹10 to ₹1. The company has also set January 3, 2025, as the record date for the stock split.

The ex-date is important for investors, as it marks the point when stocks begin trading without the entitlement to corporate benefits such as dividends, bonus shares, or buybacks. To qualify for these benefits, investors must own the stock before the ex-date.

Ex-Bonus Shock! 2 Stocks Crash Today Shares of KPI Green Energy, Ceenik Exports, and Garware Technical Fibres are in focus today, January 3, 2025, as they turn ex-bonus. KPI Green Energy announced a 1:2 bonus issue, where shareholders will receive one bonus share for every two shares held. Ceenik Exports will offer one bonus share for every five shares, while Garware Technical Fibres will provide four bonus shares for every share held.

The record date for these bonus issuances is also set for January 3, 2025.

Bonus shares are issued free of cost to shareholders, based on a predetermined ratio. The issuance is typically funded by capitalizing the company’s reserves, such as retained earnings or securities premiums.

Stock prices of the three companies have been mixed today. Ceenik Exports opened at ₹1,226.40 and reached its 5% upper circuit limit, while Garware Technical Fibres opened at ₹962.95 but fell over 4%, dropping to ₹891. KPI Green Energy’s shares opened at ₹583.60 but also saw a decline, dropping more than 2% to ₹558.60.

Three firms go ex-bonus today

Ex-Bonus Shock! 2 Stocks Crash Today KPI Green Energy’s share price rose by 4.31% to reach ₹864.80 on January 2, 2025, ahead of its ex-bonus date scheduled for January 3. The increase came as the company announced a 1:2 bonus issue, meaning shareholders will receive one bonus share for every two existing shares held. The record date for eligibility is also set for January 3, 2025.

KPI Green Energy, originally known as KPI Global Infrastructure, is a major player in the solar energy sector, focusing on power generation as an Independent Power Producer (IPP), providing turnkey solutions for Captive Power Producers (CPP), and offering Operations & Maintenance (O&M) services under the brand ‘Solarism.’ As of January 2, 2025, the company had a market capitalization of ₹11,254.92 crore on the NSE.

KPI Green Energy shares reached a 52-week high of ₹1,118 in August 2024 and a low of ₹455.20 in January 2024. At around 12:42 PM on January 2, the stock was quoted at ₹856.15, up 3.27% from the previous close of ₹829.05, with nearly 0.78 million shares traded, valued at approximately ₹66.29 crore. Meanwhile, broader equity indices were also trading higher.