Upcoming: 1:10 And 1:5 Share Splits; Two Multibaggers Trading From Rs 800-Rs 2,000, To Ex-Split In March 2024

Upcoming Stock Splits: Two companies in the FMCG and logistic segment have fixed record date for determining eligible shareholders for their shares sub-division. The stock splits are in the ratio of 1:10 and 1:5. They are Tiger Logistics and Manorama Industries. The record date is fixed in the first ten days of March.

The two stocks are multibaggers with triple-digit returns. The FMCG stock is trading over Rs 2,000, and will be split into five equity shares, while the logistic above Rs 800 will be split into ten new equity shares in March 2024.

Tiger Logistics Stock Split:

The company has fixed March 4, 2024, as the record date for determining the eligibility of Shareholders for the purpose of sub - division/split of each Equity Share having face value of Rs.10/- each into 10 (Ten) Equity Shares having face value of Re.1/- each.

Hence, the stock split ratio here will be 1:10.

In six months, Tiger Logistics have gained by 122.54%. In a year, the stock has gained by 120%. Currently, the stock is at Rs 809.60 apiece on BSE.

Tiger Logistics was founded in the year 2000 in response to a need of a reliable, high-principled player in the Indian logistics scenario and a goal to be a one-stop shop for international logistics. Tiger works as a logistics partner instead of just a vendor. It carves out tailored solutions for its customers to manage their end-to-end logistics requirements.

Manorama Industries Stock Split:

As per the regulatory filing, the company y has fixed Friday, March 08, 2024 as the "Record Date" for determining entitlement of Equity Shareholders for sub-division/stock split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 05 (five) equity shares having face value of Rs. 2/- (Rupee two only) each, fully paid-up.

The stock split ratio is at 1:5.

From its 1-year lows, the stock is currently up by 118.3% on BSE. In 5 years, the stock has skyrocketed by 929.77%. Currently, the stock price is at Rs 2,021.70.

Established in 2005, MIL is a global pioneer in manufacturing speciality fats & butters and exotic products. The Company has carved a niche in manufacturing Sal CBE & Stearin, Shea CBE & Stearin, Mango CBE & Stearin and other exotic fats & butter. MIL offers customized solutions to Fortune 500 companies in chocolate, confectionery and cosmetic industry.

Generally, stock split corporate action is done to improve liquidity by breaking the shares into smaller sizes. The face value of the shares reduces in proportion to the split ratio, however, there is no impact on the company's share capital and reserves. Although the price value of a stock reduces in a stock split, it the number of shares held rises in the investors' portfolio of that specific stock.

Disclaimer: The write-up highlights about the stock splits and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.