Upcoming Corporate Actions: 1 Ex-Bonus & 5 Stocks To Trade Ex-Split Next Week

The next week, investors should watch for one bonus stock and five stock splits. Bonus shares, which are capitalised from the company's free reserves, are additional shares that are granted to current shareholders of a corporation without incurring additional expenses. On the other hand, a stock split is a corporate move in which a firm splits its current shares into multiple shares based on a particular ratio.

Stock splits are frequently carried out to lower share prices and enhance market liquidity for retail investors. When the company's shares are traded without bonus shares or stock splits, it is known as the "ex-date". Investors will forfeit their right to bonus or split shares if they purchase the stock on or after the ex-date. Therefore, in order to be eligible for the aforementioned corporate actions, they must hold the shares on or before the record date to the ex-date. Consequently, the following six stocks will trade ex-bonus and ex-split this week which is worth watching for market watchers in the next week.

Shri Venkatesh Refineries

As per data available on BSE, the company has fixed 28th October 2023 as the record date for issuance of 1:1 bonus shares. The stock is going to trade ex-bonus on 27th October.

On Friday, the shares of Shri Venkatesh Refineries closed on the BSE at Rs 198.50 apiece.

Geekay Wires

The company has fixed Monday, October, 23 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for sub-division/split of every 1 equity share of the nominal/face value of Rs. 10/- each into 5 equity shares of the nominal/face value of Rs. 2/-each or in a 1:5 ratio.

On Friday, the shares of Geekay Wires closed on the NSE at a 2.00% lower circuit of Rs 363.35.

Jay Bharat Maruti

The automobile manufacturer has set Thursday, October 26, 2023 as the "Record Date" for determining the eligibility of shareholders for the purpose of splitting existing equity shares of the company from a face value of Rs. 5 into Rs2 each fully paid-up. Due to the company's T+1 settlement mechanism, the ex-date is falling on 26th October.

The shares of Jay Bharat Maruti settled on the NSE at Rs 274.20 apiece on Friday.

BCL Industries

For the purpose of 1:10 stock split, the company has fixed Friday, October 27, 2023 as the record date. As per the data of BSE, the ex-date is also falling on the same day.

On Friday, the shares of BCL Industries closed on the BSE at Rs 520.80 apiece.

Shashijit Infraprojects

The penny stock below Rs 50 Shashijit Infraprojects has fixed Friday, 27th October, 2023 as the record date for the purpose of 1:5 stock split or sub-division/split of every 1 fully paid-up equity share having face value Rs. 10/- each into 5 fully paid-up Equity shares having face value of Rs. 2/- each.

As per the data available on BSE, the shares of Shashijit Infraprojects are going to trade ex-split on 27th October. On Friday, the stock settled on the BSE at Rs 37.08 apiece.

Talbros Automotive Components

The Dolly Khanna and Vijay Kedia portfolio stock has announced a stock split in the ratio of 1:5. The board took into consideration and authorised a subdivision or split of existing equity shares from one share with a face value of Rs 10 each fully paid-up into five equity shares of Rs 2 each fully paid-up. The company has fixed 27th October 2023 as the record date and ex-split date also falls on the same date.