5 Stocks Available With Bonus & Stock Splits

It is a time of the season where companies are looking at their quarterly results and declaring bonus and stock splits along with interim dividends. There are several companies that have declared bonus and stock splits.

Some companies with bonus and stock splits

 

Name of company	Current market price	52-week low	Type
Veerkrupa Jewellers	1331.15	24.40	Bonus and stock split
IRB Infra	289.55	179.05	Stock split
KBS India	100.65	10.75	Stock split
KCD Industries	100.80	36.90	Stock split
Shreeji Translo	382.50	182.05	Stock split

Some of the stocks mentioned above have gained significant ground following the announcement of either a stock split or a bonus issue of shares. For example, the stock of Veerkrupa Jewellers has jumped from a low of Rs 24.40 to Rs 133.15.

Things to know about bonus and stock splits

It's important to know that one need not rush to buy into bonus and stock splits as one needs to examine the fundamentals of the companies. Some of the companies shares have soared after the declaration and investors must be cautious. It is necessary to evaluate profitability growth and key fundamentals. Most of the companies declaring bonus and stock splits are smaller cap companies and price movement in them can be highly volatile. Apart from this we all know that once the stocks go ex bonus or ex split they tend to react sharply and adjust themselves.

Markets are also volatile

The Adani group saga has added more volatility to stocks, so one needs to move ahead with caution. Several companies are declaring their corporate numbers and the earnings season is also drawing to a close. According to Dr Joseph Thomas, Head of Research, Emkay Wealth Management, the corrective downward movements would render the domestic markets less expensive in terms of valuations, and greater participation is expected of investors through graduated investments in the coming months. "The trajectory of the US Dollar especially the Dollar Index is being tracked by investors and analysts alike to deduce the prospects for local currencies as it is crucial for overseas investors," he says.

Disclaimer

The report is for information purposes and not a buy, sell of hold call on any of the shares listed above. We have just highlighted the stocks that are slated to go ex bonus and ex stock split or have declared bonus and stock splits. The author, Greynium Information Technologies should not be held responsibly for losses incurred based on the above article.