DSIJ Mindshare

Stock splits in October: These companies are splitting their shares; do you hold any?
Praveenkumar Yadav

Stock splits in October: These companies are splitting their shares; do you hold any?

On an average these companies have delivered a return of over 65 per cent in the last six months.

A stock split is when a company increases the number of shares it has outstanding by splitting each existing share into two or more new shares. Split in equity shares also drives the stocks higher but not every time as it leads to positive investor sentiment. 

Five companies are scheduled to have stock splits in October 2023:

Talbros Automotive Components Limited, a gaskets and forging company, has approved a stock split of one equity share of the face value of Rs 10 each fully paid up into five equity shares of the face value of Rs 2.00 each fully paid up. The record date for the sub-division of the equity shares is fixed on, October 27, 2023.

BCL Industries Limited, one of the largest agro-processing companies in India, has approved a stock split of one equity share of the face value of Rs 10 each fully paid up into 10 equity shares of the face value of Rs 1.00/- each fully paid-up. The record date for the sub-division of the equity shares is fixed on, October 27, 2023.

Also read, How can risk management and diversification open doors to financial success? Find out here 

Gujarat Themis Biosyn Limited, a pharma company, has also announced a stock split of one equity share of the face value of Rs 5.00 each fully paid up into five equity shares of the face value of Rs 1.00 each fully paid up. The record date for the sub-division of the equity shares is fixed on, October 10, 2023.

Sigachi Industries Limited, a pharma company, has also announced a stock split of one equity share of the face value of Rs 10 each fully paid up into ten equity shares of the face value of Rs 1.00 each fully paid up. The record date for the sub-division of the equity shares is fixed on, October 09, 2023.

Themis Medicare Limited has also approved a stock split of one equity share of the face value of Rs 10 each fully paid up into ten equity shares of the face value of Rs 1 each fully paid up. The record date for the sub-division of the equity shares is fixed on, October 10, 2023.

Stock splits can be beneficial for investors by increasing liquidity, boosting investor sentiment, and lowering trading costs. Investors should keep a close eye on these stocks in October.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.

Previous Article Multibagger penny stock under Rs 60: This micro-cap company receives an order worth Rs 2.28 crore from Cochin Shipyard Limited!
Next Article Rs 3,000 crore order book & Rs 2,800 crore project: This electronics manufacturing company signs MoU with Government of Telangana; scrip hit 52-week high!
Print
10784 Rate this article:
4.2
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR