2 Small-Cap Multibagger Stocks To Come Up With Stock Split

Two small cap stocks have made important announcement pertaining to stock split. Board of small cap company Bombay Super Hybrid Seeds Ltd has approved stock split while board of Perfectpac Ltd has fixed record date on Friday, September 23 for the purpose of ascertaining the name of shareholders entitled for stock split.

Check key takeaways below:

What Is Stock Split?

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.

Perfectpac Ltd Sets Record Date For Stock Split

The company's board has stated in the regulatory filing, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company has passed the necessary Resolution through Circulation today i.e. September 22, 2022, inter-alia, approved and fixed the "Record Date" on Friday, October 21, 2022 for the purpose of ascertaining the name of shareholders entitled for Sub-division/Split of every 1 (one) Equity Share of the Company having face value of Rs. 10/- (Rupees Ten) each fully paid up into 5 (five) Equity Shares of face value of Rs. 2/- (Rupees Two) each."

Therefore, the record date is October 21, 2022 for ascertaining the name of shareholders eligible for stock split.

Perfectpac Ltd Stock Outlook, Market Capitalisation, And About Company

The current market price of the stock is Rs 363 apiece with its 52-week high at Rs 384 apiece and 52-week low at Rs 130 apiece, respectively. The company has given a return of 92% in last 5 years and 159% in last 1 year.

The company has a market capitalisation of Rs 48 crore and operates in the packaging sector. It came into existence in 1972.

Bombay Super Hybrid Seeds Ltd Approves Stock Split

According to information available on NSE, the board of directors of the company has fixed September 26, 2022 to decide the eligibility of the shareholder for the purpose of stock split. The ex-date is September 23, 2022.

Earlier, the board of director has given approval to the sub-division of 1 (One) fully paid-up ordinary (equity) share of the company having face value of ₹10/- (Rupees Ten) each, into ₹10 (Ten) fully paid-up Ordinary (equity) Shares and having face value of ₹1/-(Rupee one) each.

Bombay Super Hybrid Seeds Ltd Stock Outlook, Market Capitalisation, And About Company

The current market price of the stock is Rs 89 apiece with an intraday gain of 4.99% as on Friday, September 23. The stock's 52-week high is Rs 89 apiece and 52-week low is Rs 26 apiece, respectively. The company has given a return of 2167% in last 5 years and 208% in last 1 year.

The company has a market capitalization of Rs 93.76 crore. The company came into existence in 2014 and operates in Agriculture and Livestock sector.