The Indian consumer discretionary company CWD Limited (Connected Wireless Devices) has set a record date for its bonus share corporate action. The announcement caused the shares to rise 5.08% from the previous close to an intraday high of Rs 1924.60 on Monday, December 29. At the time this article was written, the stock was trading at an upside gap of 5.04% during the afternoon trade, having opened at Rs 1881.00 on the BSE. The company’s market capitalization surpassed Rs 845 Cr.
CWD Bonus Shares Record Date
“This is to inform you that the Company has fixed Friday, January 02, 2026 as the record date for the purpose of determining the members, eligible for issuance of bonus shares in the proportion of 4:1* i.e. 4 (four) new fully paid up equity shares for every 1 (one) existing fully paid up equity share held as approved by the shareholders,” said the company in a stock exchange filing.
CWD 52-Week High/Low Levels
The stock is currently trading at Rs 1,924, just 7.7% away from its 52-week high of Rs 2,085, suggesting that despite recent correction, it is still close to peak levels. With barely modest profit booking from the top, the potential to stay around its yearly high indicates ongoing investor interest and solid underlying sentiment. Longer term, the stock has made an astonishing recovery from its 52-week low of Rs 760, showing an impressive rise of around 153% over the previous year.
CWD Target Price
“CWD stock price is bearish on the Daily charts with strong resistance at 1915. A Daily close below support of 1800 could lead to a target of 1685 in the near term,” commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.
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