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L&T bonus shares and record date

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Old 4th June 2008, 02:50 PM
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Question L&T bonus shares and record date

Hello everyone,

I am interested in investing some money in L&T script. Does anyone here know what is the record date for the bonus shares to be issued.

If i buy the shares before the record date will that be beneficial to me.

I am a retail investor and very knew to the stock market.

Waiting for replies from the experts.

Thank in advance
aapmk.
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Old 4th June 2008, 09:12 PM
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vvvv will become famous soon enoughvvvv will become famous soon enough
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Default Re: L&T bonus shares and record date

itll be gr8 if any1 sheds sum light on the topic..anyway i did sum l & t shopping 2dy
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Old 21st June 2008, 11:38 AM
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Default Re: L&T bonus shares and record date

hi
need some help, had bought 10 shares of L&T 2nd week of MAY 08 (DELIVERY) had them in my demat account at around 2900 after which have not been able to sell.
Some time back bonus of 1:1 was announced.
But now i donot know if i am eligible for the bonus , if i am then how long do i have to hold them or can i sell now or what.
Can experts recommend some thing i am already obliged
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Old 21st June 2008, 12:24 PM
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Default Re: L&T bonus shares and record date

Quote:
Originally Posted by sanjay mehra View Post
hi
need some help, had bought 10 shares of L&T 2nd week of MAY 08 (DELIVERY) had them in my demat account at around 2900 after which have not been able to sell.
Some time back bonus of 1:1 was announced.
But now i donot know if i am eligible for the bonus , if i am then how long do i have to hold them or can i sell now or what.
Can experts recommend some thing i am already obliged
Edit/Delete Message
Although I am not aware whether the company has declared the exact bonus date or not but after the bonus it's price will be halved. so ex-bonus it should be around 1300. If you sell now, you wont get a bonus as you will be selling at pre-bonus price i.e. before the bonus record date, as simple as that. If you sell at ex-bonus price, you get bonus which you usually get in you demat account 2-3 weeks after record date and if you sell at pre bonus price, you wont get bonus.

I am not an expert but can still recommend you one thing that if you bought L&T with a long term view of 2-3 years, then you should not worry about these very short term fluctuations. And if you entered with a short term view, then (why L&T?) follow your stop loss. In my view, L&T is an excellent scrip if you can hold it for some time. experts in this forum have already written about it.
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