Investors should keep a keen eye out for several notable stock splits happening this month. Nine companies plan on changing their share structures between October 9 and 25, providing greater liquidity and making stocks more accessible for retail investors.
Rajnish Retail Ltd is an Indian gemstones and jewellery company which will split its shares at 5:1 on October 11, 2024. With a market capitalization of Rs 200.85 Crores and last trading price of Rs 65.61, its share prices fell 14% during the past three months before returning 68% annually and an impressive 106% over two years.
New Light Apparels Ltd is scheduled to undergo a stock split of 1:10 on October 10, 2020. At present, its shares are priced at Rs 71.97 with an impressive 269% gain since September as part of its 365% rise since 2024.
Jindal Saw Ltd will divide its share from Rs 2 per share to Re 1 per share on October 9, 2024. Jindal Saw's last traded price was Rs 726.05, and its market capitalization is currently estimated to be Rs 23,215.75 Crore. Over the last two years, their stock has surged 782% and experienced 52-week highs of Rs 760.00 while lows dropped as low as 329.75 during trading sessions.
Abans Enterprises Ltd has announced plans to split their shares at a ratio of 1:5, effective October 15, 2024. Their market capitalization stands at Rs 248,31 crore with their last trading price being Rs 178.00; Abans shares have experienced growth over the past six months by 40 - 140%!
CredentGlobal Finance Ltd. will hold a stock split of 1:5 on October 15th 2020. Credent's last price for its shares was Rs 143.30 while market capitalisation stood at Rs 147.49 Crores; these figures show its value has increased by 299% during the last three-year period.
Pondy Oxides & Chemicals Ltd. will conduct a stock split of 1:2 on October 16th 2024, following their last trading price of Rs 1,909.60 with an approximate market capitalization of Rs 2,487.29 Crores. While their share prices have recently experienced an overall drop of 12-13% month over month; their share prices have still managed to increase 285% year on year and 2050% year-over-five year period!
Humming Bird Education Ltd. announced a stock split of 1:10 that will take effect on October 18th 2024, giving rise to market capitalisation of Rs 60.75 crore with last trading price being Rs 991.00; its stocks have experienced an 115% surge over six months and 719% surge over two years.
HEG Ltd plans to split its shares at a ratio of one for every five on October 18, 2024, after its last price fell to Rs 9075.15 with a market capitalisation of Rs 9 075.15 Crores. Over two years' stocks have returned 120% in terms of market appreciation.
POCL Enterprises Ltd. will hold a stock split of 1:5 on October 25, 2024. POCL Enterprises' current share price stands at Rs 766.00 with its market capitalisation standing at Rs 427.12 Crores; their 52-week high has reached 839.45 while their low has fallen to 170.
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