Multibagger stocks in India: Ace investor of the US, Charlie Munger, once said that money is not in buying and selling of stocks, but in waiting. The American businessman wanted to convey the money-making trick that most stock market investors ignore: buy, hold, and forget. The market magnate wanted to inform stock market investors that they should buy and hold a stock for as long as possible. This will enable an investor to create wealth from their money, rather than just gain from their investment.
To understand the value of this wealth-creation trick shared by the former Vice Chairman of Berkshire Hathaway, one needs to look at the journey of Bright Outdoor Media's shares. The initial public offering (IPO) of Bright Outdoor Media Ltd was offered in the Indian Primary Market in March 2023 at a price band of ₹146 per equity share. The Bright Outdoor Media IPO lot size was 1000 company shares. So, an applicant was required to have at least ₹1,46,000, or ₹1.46 lakh, to apply for the public issue. Likewise, a lucky applicant's minimum investment would be ₹1.46 lakh.
Now comes the extra benefit that a long-term investor enjoys over short-term investors or jobbers: they receive stock splits, bonus shares, dividends, etc. Here, in the case of Bright Outdoor Media shares, the stock traded ex-date on four occasions following the 24 March 2026 listing. It traded ex-date on three occasions to finalise the list of eligible shareholders for the final dividend payment, and once to finalise the list of eligible shareholders for the 1:2 bonus shares benefit.
As mentioned above, the stock has traded ex-dividend on three occasions, with a final dividend of ₹0.50 per share. The respective ex-dividend dates, as available on the BSE website, are 19 September 2024, 22 September 2025, and 21 September 2026.
According to the information available on the BSE website, Bright Outdoor Media shares once traded ex-date for finalising the list of eligible shareholders for 1:2 bonus shares benefit. The stock traded ex-bonus on 18 July 2025.