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.
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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.