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2 Stocks Set To Announce Bonus & Stocks Splits Together
Here are a few stocks that are likely to announce bonus issue of shares and stock splits together. The board of these companies are likely to meet later this month. Let's look at some of the details.
Captain Pipes: Bonus and stock split
Captain Pipes Ltd informed BSE that the meeting of its Board of Directors of the Company is scheduled on Jan 27, 2023, to consider and approve bonus issue as well as stock split. The following would be decided:
1) To consider to a proposal for sub-division / split of the Equity shares of the Company having a face value of Rs. 10/- each, Company. Such regulatory/ statutory approvals as may be required, including the approval of the shareholders of the To consider increase in Authorized Share Capital of the Company.
2) To consider consequential amendment to the capital clause of Memorandum of Association of Company.
3) To consider Issue of Bonus Shares to the shareholders of the Company.
Global Capital Markets: Stock split and bonus issue
Global Capital markets has informed BSE that the meeting of the Board of Directors of the Company is scheduled on Jan 27, to consider and approve following Agenda :
1. Sub-Division of face value of Equity Shares;
2. Increase in Authorized Capital of the Company.
3. Issue of Bonus Equity Shares of Rs. 1/- each;
4. Change in Memorandum of Association of the Company for giving effect of the change in Authorized Capital and Face Value of Equity Shares;
5. Seek approval of the members of the Company for the above referred items, by way of Postal Ballot Rues or EOGM.
Results season surprise from banking and IT
Meanwhile, according to S Hariharan, Head Institutional Equity Sales, Emkay Global Financial Services, the month of January has seen very tepid market volumes - daily cash market volumes of Rs 47,000 crores, compared to Rs 56,000 crores in Oct-Dec quarter.
"On the other hand, the results season has seen a meaningful positive surprise factor from both IT, Banking as well as Auto sectors to the extent that earnings have been reported. We expect consumer discretionary names to stay under pressure due to weak demand in entry level categories and rising base metals prices would also act as a margin headwind going ahead. Foreign flows have been relatively weak, as relative valuation attraction in China has drawn incremental flows, but this phenomenon is expected to be overcome by strong growth numbers that Indian corporates continue to report," he stated.
Disclaimer
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