4 Stock Split Stocks In April 2022

Stock splits are corporate actions announced to meet some of the company's long or short term objectives such as to make the stock more affordable or for any other goal. Likewise, here are few stocks that are soon to turn ex-split

PCBL

RP Sanjiv Goenka group PCBL is the largest black carbon manufacturing company with global cliente in as many as 45 nations. As per the company's site, the company's name has been changed to Phillips Carbon Black Limited" to "PCBL Limited" w.e.f. December 29, 2021 consequent upon issue of fresh Certificate of Incorporation by the Ministry of Corporate Affairs, Registrar of Companies, Kolkata.

The company will go ex-split from the previous face value of Rs. 2 to Rs. 1. Currently the share's day trading range has been Rs. 225.1-232.9 per share.

Baid Leasing

This is a small cap company providing loan against property. The company registered in the year 1991 is a public limited company based out of Jaipur and is an NBFC concern registered with the RBI for vehicle financing etc.The company on April 12, 2022 shall turn ex-split with the split date falling on the same day and face value changed from Rs. 10 to new face value of Rs. 2 per share.

Adcon Capital

This is again a small cap scrip from the finance investment space. The company's stock as of April 4, 2022 is priced at Rs. 15.89 per share. The stock is a multibagger stock with 1-year return at 146%.

The company has announced to split its face value from the previous Rs. 10 to Rs. 1 per share.

The company is a Non - Banking Financial Company (NBFC) from Reserve Bank of India. It is a listed NBFC Company, engaged in the business of providing loans and advances, investment in shares of other companies and providing other related Financial Services.

Arihant Capital

This company shall split its face value from Rs. 5 to Rs. 1 per share and the ex-split for all the above 3 stocks happens to be April 12, 2022 i.e. on the same day the stock shall adjust on account of the proposed split.

The company is among the best online stock brokers in the country.

Simply to understand what a stock split is

Here we take an example of stock split undertaken by a big lender like SBI. On November 20, 2014, the stock of SBI settled at a price of Rs. 2920.9 per share and after the split on the next day November 21, 2014 it closed at Rs. 297 per share. This is after the bank announced stock split in the ratio of 10:1.

Importantly, the value of the company post the split does not change.