What to watch. Shares of TTK Prestige to turn ex-bonus

Shares of TTK Prestige will remain in focus, as they turn ex-bonus on Wednesday. The company recently approved issue of one bonus share for every five shares held, as on the record date of May 16. That means, investors wishing to receive the bonus shares need to buy the company’s shares by Tuesday. Currently, about 24,700 small shareholders hold 7.06 per cent stake in the company while FIIs own 9.98 per cent and mutual funds have exposure to the tune of 8.78 per cent.