India, Feb. 7 -- Companies usually announce bonus shares and stock splits to make their shares more affordable, widen investor participation, and improve liquidity in the market. A bonus rewards existing shareholders without costing them extra, while a split reduces the share price to attract more retail investors. Together, these moves signal management's confidence in future growth.

Indian stock markets have closed on a high note, with Nifty closing at 25,700 on a volatile day on February 6. At close today, the Sensex was up by 266.47 points or 0.32 percent at 83,580.40, while the Nifty was up by 50.90 points or 0.20 percent at 25,693.70

Axita Cotton Ltd Axita Cotton Ltd is an Indian company that specialises in cotton bales and cotton...