Hello, it is already announced, check nse web site.
Jindal Steel & Power Ltd. has informed the Exchange that the Board of Directors has, in its meeting held on July 29, 2009, decided, subject to approval of the shareholders under Article 175 of Articles of Association of the Company to issue five fully paid bonus shares of Re.1/- each for every one existing equity share of Re.1/- each held by the Shareholders of the Company as on Record Date to be fixed later for this purpose.
Company Jindal Steel & Power Ltd.
NSE Symbol JINDALSTEL
Announcement Jindal Steel & Power Ltd. has informed the Exchange that the Board of Directors has, in its meeting held on July 29, 2009, decided, subject to approval of the shareholders under Article 175 of Articles of Association of the Company to issue five fully paid bonus shares of Re.1/- each for every one existing equity share of Re.1/- each held by the Shareholders of the Company as on Record Date to be fixed later for this purpose.
On one hand you say u have confirmed news on the other hand u say it is not declared. 5:1 ratio is good... but pl re- confirm before putting msgs on the board.
My God,in that case,I am going to sell my entire holdings and take out my money immediately as there is none to take care of my money between 1530hrs and 0955hrs on the next day and also on Saturdays and Sundays!!!
;-)
I wrote that i have news from confirmed source(it refers to authenticity of source)
source was confirmed but not the news till it was announced officially.
Anyways .. what ever the case may be we have got bonus so are u happy?
within 1 year you will understand the benifits in terms of capital appreciation.. so till 1 year please hold and then u will get your answer automatically. :)
Anyways.. its better to keep invested in stocks of those companies whose Order books are strong (LT,JSPL,BEML,.....) you will make money YOY at 18% to 20%
| NIFTY 
