1:10 Stock Split: 4 Smallcap Stocks To Watch Out Ahead, To Trade Ex-Split In Next Two Weeks

In the next two weeks, it will be a long que of stocks turning ex-split from 1:2 ratio to as high as 1:10 ratio. A total of four stocks have already announced their stock split and record date. These are smallcaps like Rudra Global Infra Products, BCL Industries, Shashijit Infraprojects, and Talbros Automotive Components. All of these stocks have given double-digit returns to their investors so far in 2023.

In general terms, listed companies declare a stock split of already owned shares into much smaller shares. This 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, the number of shares held rises in the investors' portfolio of that specific stock.

Rudra Global Infra Products Stock Split:

Rudra Global has fixed October 18 as the record date to determine eligible shareholders for its stock split in the ratio of 1:2.

Its 1:2 stock split includes that -- every fully paid-up ordinary share having a face value of Rs 10 each will be sub-divided into two fully paid-up ordinary shares having a face value of Rs 5 each.

After trading hours on Friday, Rudra Global shares ended at Rs 138.60 apiece, up by 4.5% on BSE despite market bears. This would be its seventh consecutive day rally. Since October 5th, the stock has been bullish and rallied by nearly 29% on the exchange.

Compared to its 52-week low of Rs 54.25 apiece, the stock has emerged as a multi-bagger with an upside of a whopping 155.5% on BSE.

It is engaged in iron and steel products such as the manufacturing of billets and mild steel (MS), and thermomechanical treatment (TMT) bars.

BCL Industries Stock Split:

This edible oil company, BCL Industries fixed October 27th as the record date for stock split of 1:10 ratio. Simply put, 1 existing equity share having a face value of Rs 10 each, will be sub-divided into ten equity shares having a nominal value of Re 1 each.

The company is one of India's largest agro-processing manufacturing companies with diverse businesses and vertical integrations. Established in 1976, BCL Industries Limited has rapidly expanded and engaged its businesses in Edible Oils, Rice Milling, Grain Based Distillery and Real Estate.

On Friday, BCL shares ended at Rs 524.40 apiece, down by 1.03% on BSE with a market cap of Rs 1,266.43 crore. So far in 2023, the stock rose by over 61.5%.

Shashijit Infraprojects Stock Split:

On BSE, this infra stock ended at Rs 38.40 apiee, up by 1.83% on Friday while defying market bears. Year-to-date, the stock is up over 15%.

Just like BCL, Shashijit Infra will also trade ex-split on October 27 which is also the record date to determine eligible shareholders for the purpose of sub-division/split in the ratio of 1:5.

It means for every 1 existing share having a face value of Rs 10 each, it will be sub-divided into 5 equity shares having a face value of Rs 2 each.

Founded in 1991, the company constructs, builds and develops Industrial Infrastructure Facilities, Driveways, Public Utilities, Powerhouse Buildings, Factories and such other immovable properties.

Talbros Automotive Components Stock Split:

This smallcap stock in the auto basket is nearing its 52-week high of Rs 1,162.95 apiece. After hitting an intraday high of Rs 1,115, Talbros share price ended at Rs 1,072.70 apiece, up by 2.5% on BSE. The market cap is around Rs 1,324.32 crore.

Talbros shares will also turn ex-split on October 27th for their shares sub-division in the ratio of 1:5.

Simply put, 1 equity share of Tablros will be sub-divided into five equity share. The face value of these equity shares will turn from Rs 10 each to Rs 2 each accordingly.

Year-to-date, Talbros shares are up over 89%, giving hefty returns to shareholders.

Established in 1956, the Company enjoys a good presence worldwide. Since its inception, Talbros has been known for paying close attention to its clients' requirements by consistently adding value and focusing on delivering excellent quality and superior technology.