1:10 Stock Splits Each Soon: One Rs 900 Smallcap, Rs 90 Penny Stock To Watch Out For Ex-Split This Week

In the holiday-shortened trading week, two stocks are set to turn ex-split in the coming days. One of them is a multi-bagger smallcap, and the other is a penny stock trading below Rs 100 mark. These are Suratwwala Business Group and Pulsar International. On April 16th, Suratwwala also touched a new 52-week high ahead of splitting.

To be eligible for stock split perks, investors will be required to hold the two stocks by the end of their record dates. The ex-split date is the same as the record date which is April 18 for Suratwwala and April 19 for Pulsar.

In general terms, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.

1. Suratwwala Business Group Stock Split:

This realty company trading under the smallcap basket, has touched a new 52-week high of Rs 980 apiece on BSE ahead of splitting. After a new high, Suratwwala shares ended at Rs 959.90 apiece on BSE, marginally up with a market cap of Rs 1,664.62 crore.

The stock rose by as much as 450.25% from its 52-week low of Rs 178.10 apiece compared to the new high. YTD, the stock has surged by over 59% on BSE. In six months, the stock zoomed by 154.02%, while in 1-year, the upside is about 406.17%.

The stock is planning to be split I n the ratio of 1:10. Simply put, 1 existing share will be split into ten new shares.

As per the regulatory filing, the Board of Directors of Suratwwala Business Group Limited at its meeting held on Friday, March 29, 2024, has fixed, Thursday, April 18, 2024, as the 'Record Date' for determining the entitlement of Equity Shareholders for Sub-Division/Split of existing Equity Shares of the Company, such that existing 1 (One) Equity Share having a face value of Rs. 10 (Ten) each into 10 (Ten) Equity Shares of Rs. 1 (One) each, fully paid up, ranking pari passu in all respects.

The company is Pune's one of the best and leading construction companies that assures its results based on quality and trust. The real estate sector is in demand for envisioning new heights of the dynamics of the industry.

2. Pulsar International Stock Split:

Pulsar is a penny stock and is currently above the Rs 90 mark. On April 15, the stock ended at Rs 93.44 apiece, up by 0.53% with a market cap of Rs 60.64 crore.

The stock is a couple of rupees away from its 52-week high of Rs 119.40 apiece. While it is trading higher by 54% from its 52-week low of Rs 60.79 apiece.

YTD, the stock is up by 15%. In a year, Pulsar shares have zoomed by 34% on BSE.

This week, Pulsar is turning ex-split. The company fixed Friday, April 19, 2024, as the record date for determining the eligibility of Shareholders for sub-division/split of every 1 (one) equity share having a face value of Rs.10/-
(Rupees Ten only) each, fully paid up into 10 (ten) equity shares having a face value of Re.1/- (Rupee One) each fully paid-up.

Accordingly, Pulsar shares are also going to ex-split for a 1:10 ratio.

Pulsar offers a range of high-quality fertilizers that are tailored to meet the specific needs of different plants and growing conditions. The company's team of experts has decades of experience in the fertilizer industry, and we're passionate about helping farmers, importers, and producers achieve the best possible results.