Garware Technical Fibres shares drop nearly 5% on bonus issue record date

Garware Technical Fibres shares fell 4.75% to Rs 885, hitting a 52-week low, as the stock began trading on an ex-bonus basis. This marks the company's first-ever bonus share issue. The record date for the bonus issue is January 3, 2025. Shareholders will receive four new shares for every existing share held. Despite the drop, Garware shares have risen 32.3% over the past year and 12.6% in the last six months.