2 Stocks To Turn Ex Stock Split By June 12

In the last three months, several companies posted their Q4 results and even declared bonus shares, dividends, or stock splits. Out of the several companies, two small-cap companies shared dates when they will officially split the stock valuation. The companies are Ion Exchange (India) Ltd and Radhagobind Commercial Ltd. Given below are the details of each.

1. Ion Exchange (India) Ltd

Ion Exchange (India) Ltd is a small-cap company incorporated in 1964, operating in the engineering sector. It has a market capitalisation of Rs 6,155.60 crores.

In its board meeting held on May 26, the directors of the company fixed the record date as Monday, June 12, 2023, for sub-division/split of the face value of the equity shares of the company from the existing Rs 10 per equity share to Re 1 per equity share.

Stock Price Movement
The latest stock price of the company has increased by 1.68% to Rs 4,197 per share on an intraday basis. In the last one year, the share price has surged by 120.81% while in three years it has skyrocketed by 490.67%.

2. Radhagobind Commercial Ltd

Radhagobind Commercial is a small-cap company incorporated in 1981, operating in the trading sector. It has a market capitalisation of 3.96 crores.

During the board meeting held, the board of directors approved the stock split of shares. From the old face value of Rs 10, each stock face value will be Re 1 after the sub-division of shares from June 8, 2023, as the record date.

Stock Price Movement
The latest stock price of the company has declined marginally by 0.51% to Rs 272.85 per share on an intraday basis. The share price has skyrocketed by 1,133.18% and 733.33% in one year and in three years respectively.

Disclaimer
Please note that the above-mentioned data that the stock price has grown should be treated as purely informational and not an advisory to investing. These should not be construed as recommendations to either hold, buy, or sell in the stocks listed above. We have not done any detailed fundamental analysis, hence caution should be exercised while investing. Neither Greynium Information Technologies nor the author would be held responsible for the losses incurred due to any decision taken based on this write-up.