PSU Stock Split & Bonus Alert: 3 Government Giants Likely to Announce Bonus Shares in Q4 FY26

Mumbai: Stock Market Update: The "PSU fever" is back on Dalal Street. As we approach the final quarter (Q4) of the 2025-26 financial year, investors are closely watching three major Public Sector Undertakings (PSUs). With record-breaking profits and massive cash reserves, these companies are expected to announce Bonus Shares or Stock Splits to reward their loyal shareholders.

Why the Q4 Buzz is Real

Historical data suggests that government companies often use the final quarter to announce corporate actions. This helps in improving market liquidity and making high-priced stocks more accessible to retail investors.

1. Power Grid Corporation of India Ltd (POWERGRID)

Power Grid has been a consistent wealth creator. Given its recent massive project wins in the green energy corridor, the company's reserves are at an all-time high.

The Speculation: Market analysts expect a Bonus Issue announcement along with the Q4 results to maintain investor interest as the stock nears psychological resistance levels.
Key Trigger: Expansion into energy storage and a planned capex of ₹28,000 crore for FY26.

2. Hindustan Aeronautics Limited (HAL)

HAL is currently the "crown jewel" of the defense sector. The company’s order book is overflowing with domestic and export contracts.

The Speculation: Following its previous successful stock split, HAL is now a prime candidate for a 1:1 or 1:2 Bonus Issue.
Current Status: The stock has seen a sharp rally in early February 2026, signaling that big players are already positioning themselves.

3. Mazagon Dock Shipbuilders Ltd (MAZAGON)

This shipbuilding powerhouse has turned many investors into millionaires over the last two years. As the price per share continues to climb, a Stock Split is highly anticipated.

The Speculation: To bring the share price back into the "buying zone" for retail investors, a Face Value split (₹10 to ₹2 or ₹1) is likely on the cards for Q4.
Performance: The stock has outperformed the Nifty PSU Bank and Defense indices consistently.

Investor Checklist: Bonus vs. Split

Action	Impact on Your Portfolio	Key Date to Watch
Bonus Issue	You get extra shares for free (e.g., 1 for 1).	Ex-Date: You must buy before this.
Stock Split	Share price drops, share count increases.	Record Date: Eligibility check date.

Expert View: Should You Buy Now?

While the momentum is strong, experts suggest not buying solely for the bonus or split. Focus on the long-term fundamentals of these PSUs. Companies like HAL and Power Grid have strong government backing and clear growth visibility for the next 5 years.

⚠️ Disclaimer: This article is for informational purposes only. Stock market investments are subject to market risks. Please consult a SEBI-registered financial advisor before making any investment decisions.