These 4 Stocks To See Stock Split In September Month: Details Here

Four leading companies are all set to split their share. These include Bajaj Finserv Ltd, Savita Oil Technologies Ltd, Ritesh Properties and Industries Ltd, and Pressure Sensitive Systems (India) Ltd.

When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines.

The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.
Check below details pertaining to stock split:

Bajaj Finserv Ltd Fixes Record Date For Stock Split

The board of directors in its regulatory filing stated, "With reference to our letter dated 28 July 2022 wherein, we had intimated, the recommendation of the Board subject to the approval of shareholders: a. sub-division of each existing equity share of face value of Rs. 5/-(Rupees Five only) into Five (5) equity shares of face value of Rs. 1/-(Rupee one only) fully paid-up; and b. issue of one bonus equity shares of face value of Rs. 1/- (Rupees one only) for every 1 (one) fully paid-up equity share of Rs. 1/-(Rupees one only) of the Company."

The company further announced, "Now we wish to inform you that, pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, the Company has fixed Wednesday, 14 September 2022 as the 'Record Date' for the purpose of determining the members, eligible for the sub-division of existing equity shares."

Bajaj Finserv Ltd Stock Outlook, About, And Market Capitalization

The current market price of the stock is Rs 16,779 apiece with its 52-week high at Rs 19,319 and 52-week low at Rs 10,777 apiece, respectively. The company has a market capitalization of Rs 2,67,302.86 crore. Bajaj Finserv Ltd is engaged in life insurance, general insurance and consumer finance businesses and seek to expand its business by offering a several types of financial products and services in India. It is also quite active in wind-energy generation.

Pressure Sensitive Systems (India) Ltd To See Stock Split

The board of director of the company on August 24, 2022, "Proposed, sub-division/split of 1 (One) equity share of the Company having face value of Rs. 10/- each into 10 (Ten) Equity Shares having face value of Re. 1/- each (i.e. Total 14836200 Fully Paid Up Equity Shares of the Company having face value of Rs. 10/ -each into resulting 148362000 Fully Paid Up equity shares of face value of Re. 11 - each) at a record date to be determined by the Board of Directors later on and subject to the approval of shareholders to be obtained by Remote E-Voting at the ensuing Annual General Meeting ("AGM")."

The record date for the split/ sub-division of shares will be intimated in due course.

Pressure Sensitive Systems (India) Ltd Stock Outlook, About, And Market Capitalization

The current market price of the stock is Rs 68 apiece. Its 52-week high is Rs 68.50 apiece and 52-week low is Rs 12.04 apiece. The company has a market capitalization of Rs 101.63 crore. The stock gained 189% in the last 3 months and 27% in last 1 week. It is engaged in the production of all types of coated products like self-adhesive tapes.

Ritesh Properties and Industries Ltd To See Stock Split

The board of directors of the small-cap company announced in its regulatory filing, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, my 2015 and relevant provisions of the Companies Act, 2013 and rules made thereunder, notice is hereby Rk given that the Company has fixed Saturday, September 03, 2022 as the 'Record Date' for po subdivision/split of face value of the equity shares of the Company from face value of Rs. 10/- per = share to face value of Re. 1/- per share."

Ritesh Properties and Industries Ltd Stock Outlook, About, and market Capitalization

The current market price of the stock is Rs 505 apiece with a 52-week high of Rs 555 apiece and 52-week low at Rs 148 apiece. The stock has given a return of 7680% in the last 5 years, 3787% return in last 3 years, and 159% return in last 1 year.

The company has a market capitalization of Rs 1127 crore. It was incorporated in the year 1987. The small-cap company operates in real estate sector.

Savita Oil Technologies Ltd To Witness Stock Split

The company's board of directors in its regulatory filing stated, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at its meeting held today has fixed Friday, 2nd September, 2022 as the 'Record Date' for determining the eligibility of Shareholders for the purpose of sub-division of equity shares of the Company."

Savita Oil Technologies Ltd Stock Outlook, About, And Market Capitalization

The current market price of the stock is Rs 1605 apiece. Its 52-week high is Rs 1719 apiece and 52-week low is Rs 920 apiece. The company has a market capitalization of Rs 2,219.37 crore.

It is a small-cap company and incorporated in the year 1961. It operates in Petrochemicals sector.