Shares of Some Stocks will be in Key Focus in March 2024 for their Stock Splits. Let’s delve into the key highlights of Stock Splits:
What is a Stock Split?
A stock split or subdivision of shares is a corporate action through which a share of higher face value is sub-divided into lower face value shares. It happens when a listed company wants to increases the number of its shares to boost the stock’s liquidity in the market.
The number of shares outstanding increases by a specific multiple, but the total market value of all shares outstanding remains the same as there is no change in the company’s total market capitalisation.
For example, if a company has declared a stock split in the ratio of 1:2, that means for every equity share held before the split each shareholder will have two equity shares after the split.
Here is a list of Companies coming up with their Stock Splits:
Tiger Logistics (India) Limited
Market Price: Tiger Logistics (India) Ltd shares closed at INR 690.40, as of 2nd March 2024.
Record Date for Stock Split: The Company has set a Record Date of 4th March 2024.
Split Ratio: The Company has declared a stock split in the ratio of 1:10, which means 1 [one] Equity Share of the face value of INR 10 shall be sub-divided into 10 [ten] Equity Shares of the face value of INR 1.
Capri Global Capital Limited
Market Price: The Company’s Current Market Price is INR 971 as of 4th March 2024.
Record Date for Stock Split: The Company has set a Record Date of 5th March 2024.
Split Ratio: The Company has declared a stock split in the ratio of 1:2, which means 1 [one] Equity Share of the face value of INR 2 shall be sub-divided into 2 [two] Equity Shares of the face value of INR 1.
Manorama Industries Ltd.
Market Price: The Company’s Current Market Price is INR 2066 as of 4th March.
Record Date for Stock Split: The Company has set a Record Date of 8th March 2024.
Split Ratio: The Company has declared a stock split in the ratio of 1:5, which means 1 [one] Equity Share of the face value of INR 10 shall be sub-divided into 5 [five] Equity Shares of the face value of INR 2.
OK Play India Ltd.
Market Price: The Company’s Current Market Price is INR 182 as of 4th March.
Record Date for Stock Split: The Company has set a Record Date of 11th March 2024.
Split Ratio: The Company has declared a stock split in the ratio of 1:10, which means 1 [one] Equity Share of the face value of INR 10 shall be sub-divided into 10 [ten] Equity Shares of the face value of INR 1.
Sunshine Capital Ltd.
Market Price: The Company’s Current Market Price is INR 284.
Record Date for Stock Split: The Company has set a Record of 11th March 2024.
Split Ratio: The Company has declared a stock split in the ratio of 1:10, which means 1 [one] Equity Share of the face value of INR 10 shall be sub-divided into 10 [ten] Equity Shares of the face value of INR 1.
Colab Cloud Platforms Ltd.
Market Price: The Company’s Current Market Price is INR 67.55.
Record Date for Stock Split: The Company has set a Record of 13th March 2024.
Split Ratio: The Company has declared a stock split in the ratio of 1:5, which means 1 [one] Equity Share of the face value of INR 10 shall be sub-divided into 5 [five] Equity Shares of the face value of INR 2.
United Van Der Horst Ltd.
Market Price: The Company’s Current Market Price is INR 302.
Record Date for Stock Split: The Company has set a Record of 26th March 2024.
Split Ratio: The Company has declared a stock split in the ratio of 1:2, which means 1 [one] Equity Share of the face value of INR 10 shall be subdivided into 2 [two] Equity Shares of the face value of INR 5.
A stock split is generally declared when a company decides to intentionally lower the price of its stock, making it more affordable for investors without losing the value and there might be other reasons depending upon company to company.
Disclaimer
The content of this article is only for informational purposes and we do not offer any investment advice from our end. Please consult a SEBI-registered investment advisor before making any investment decision. The information does not necessarily reflect the views/opinions of the publisher.
