Goodluck India shares rally 7% on 2:1 bonus issue announcement. How will dividend payout be impacted?

Goodluck India shares rallied around 7% to a 52-week high of Rs 1,672 after the company announced a 2:1 bonus issue, under which shareholders will receive two bonus equity shares of face value Rs 2 each for every share held. The company also revised its previously announced final dividend from Rs 3 per share to Re 1 per share to adjust for the bonus issue. The stock is up over 51% YTD in 2026 and delivered 942% returns over five years, with a current market capitalisation above Rs 5,350 crore and P/E ratio of 28.5x.