2 Stocks To Hit Ex-Date For Stock Split This Week: Buy Any?

The firms that will trade ex-split this week are Franklin Industries and Kaushalya Infrastructure Development Corporation Ltd. Kaushalya Infrastructure Development Corporation will trade ex-split on Friday, January 12, 2024, whereas Franklin Industries has announced a 1:1 stock split with a record date of January 11, 2024.

Franklin Industries Stock Split

The company has fixed 11.01.2024 as the record date for the purpose of sub-division of 1 equity share of face value of Rs. 10/- each fully paid up into 1 equity shares of Rs. 1/- each fully paid up, resulting in issuance 10 equity shares of Rs. 1/- each fully paid up as per a stock exchange filing.

On Wednesday, the shares of Franklin Industries opened on 5% upper circuit limit at Rs 50.09 apiece. The scrip has gained 13.07% so far in 2024 on a YTD basis.

AR Ramachandran from Tips2trades said "Franklin Industries is bearish and also overbought on the Daily charts with next resistance at 55.6. Investors should book profits at current levels as Daily close below support of 42 could lead to a target of 33.6 in the near term."

Kaushalya Infrastructure Development Corporation

The Board of Directors at its meeting held on 12th day of December, 2023, has fixed record date as Friday, 12th January, 2024 for the purpose of consolidation of equity shares of the company from Rs. 10/-each to Rs. 1,000/-each, as per a regulatory filing.

Commenting on the share price target of Kaushalya Infra, AR Ramachandran from Tips2trades said "Kaushalya Infrastructure is bullish but also slightly overbought on the Daily charts with next resistance at 10.65. Investors should book profits at current levels as Daily close below support of 9.10 could lead to a target of 7 in the near term."

On Wednesday, the shares of Kaushalya Infrastructure Development Corporation were trading at 2% upper circuit limit at Rs 9.74 apiece level. The scrip reached a 52-week-high of Rs 10.52 on (23/10/2023) and a 52-week-low of Rs 3.55 on (21/03/2023).

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.