Oil India Ltd has issued a 1:2 bonus with 2nd July 2024 as the record date.
What to expect from this?
- Today’s Gain/Loss on July 2nd: On July 2nd, you will notice a significant fluctuation in the day’s gain/loss for this stock. This is due to the NSE not adjusting the previous close price as per the corporate action. This will be corrected on 3rd July.
- Bonus Shares in Portfolio: These bonus shares will be blocked and shown as ‘Bonus to be credited’ (under the blocked quantity) in your portfolio until they are officially credited. The credit usually takes 15-20 days. You will be able to sell the bonus shares only after they are credited.