Do you own these multi-bagger stocks approaching a stock split?

A stock split happens when a company increases the number of its shares to boost the stock's liquidity. The split might generate positive effects in the medium term.

Navkar Urbanstructure Ltd informed the exchange that its board has approved the split of one equity share with a face value of Rs 10 each into five equity shares of Rs 2 each, subject to the approval of the company’s shareholders. The company has set June 23, 2022, as the record date for the purpose of the stock split. Its stock has soared 312 per cent in just one year while over the period of six months, it was able to deliver nearly 65 per cent returns to its shareholders. Incorporated in 1992, Navkar Urbanstructure Ltd is engaged in the business of construction & development of infrastructure projects including the provision of ready-mix concrete and reinforced cement concrete pipes.  

Ashnisha Industries Limited’s board also fixed June 23, 2022, for the stock split. The company has announced the split of one equity share of face value of Rs 10 each into ten equity shares of Re 1 each. The shares of Ashnisha Industries have surged 204 per cent in just one year and 61 per cent over the period of six months. The company is primarily engaged in the business of manufacturing and trading steel & steel alloys. The company also operates in the trading and investment business.  

Keep a close eye on these scrips for the upcoming sessions.