3 Stock Splits, 2 Bonus Issues: 4 Multibagger Small Cap Stocks Make Announcement

4 Leading small cap companies are all set to carry out stock split and all of them have given multibagger returns. These companies are Dev Information Technology Ltd, Alstone Textiles Ltd, Precision Wires, and Mafatlal Industries. When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same.

Companies opt for stock split to make their share more affordable for investors who may find it difficult to buy the shares of that company due to high prices. Check key takeaways below:

1. Dev Information Technology Ltd Fixes Record Date For Stock Split

The small cap IT Software stock has fixed record date for stock split. The last trading price of the stock is Rs 216 apiece with 52-week high at Rs 259 apiece and 52-week low at Rs 103 apiece, respectively. The company has a market capitalisation of Rs 239 crore. The stock has given a return 490% in last 3-years, 190% in 1-year, and 13% in 3-months.

The board of directors of the company said in the BSE filing, "Considered and Approved Friday, 25th November, 2022, as "Record Date" to ascertain the shareholders entitled for the purpose of sub-division of 1 (One} fully paid-up Equity Share of the Company having face value of ~10/ (Rupees Ten} each, into 2 (Two} fully paid-up Equity Share having face value of~ 5/- (Rupees Five only} each fully paid-up."

The company has fixed November 25, 2022 as the record date for stock split.

2. Alstone Textiles Ltd Declares Record Date For 9:1 Bonus Issue, 1:10 Stock Split:

The small cap multibagger stock has fixed record date for 9:1 Bonus Issue and 1:10 Stock Split. The stock remains in news often for hitting upper circuit quite regularly.

The last trading price of the stock is Rs 235 apiece with an intraday gain of 4.99%. The company has a market capitalisation of Rs 300 crore. The stock has given a huge 1-month return of 177%.

The board of directors of the company said in the regulatory filing, "Approval for stock split (sub-division of equity shares) of Company's 1 (One) equity share of face value of Rs.10/- each into 10 (Ten) equity shares of face value of Re. 1/- each, subject to the approval of shareholders and other approvals as may be required. 2. Issuance of Bonus Issue of Equity Shares in the proportion of 9(Nine) Equity Share of Re. 1/- each for every l.(One) Equity Share of Re. 1/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders i.e, in compliance with the applicable laws."

The record date is yet to be decided.

3. Precision Wires Ltd Approves Bonus Issue

The multibagger small cap metals stock has announced 1:2 bonus share soon after announcing the quarterly results. The last trading price of the stock is Rs 99 apiece after an intraday gain of 1% on November 11, 2022.

The company has a market capitalisation of 1,151 crores. The stock has given a maximum return of 179%. The company was incorporated in 1989.

The board of member of Precision Wires stated in the BSE filing, "We hereby inform that Board of Directors at their meeting held on Thursday, 10th November, 2022 by video conference at Mumbai considered and approved bonus issue of 1 (one) equity share for every 2 (Two) equity shares held by the Shareholders of the Company as on the record date."

4. Mafatlal Industries Ltd Fixes Record Date For Stock Split

The small cap company came into existence in 1913. The board of directors have fixed the record date for stock split which is November 25, 2022. The company has a market capitalisation of Rs 521 crore.

The last trading price of the stock is Rs 370 with intraday gain of 1.18%.

According to the BSE filing of the company, "The Board of Directors of the Company has fixed Friday, 25th November, 2022 as the Record Date for determining the eligibility of shareholders, with regards to the Sub-division (Split) of existing Equity Shares of the Company from One (1) equity share having a face value of Rs. 10/- each (fully paid-up) into Five (5) Equity Shares of face value of Rs. 2/- each (fully paid-up), as approved by the shareholders through postal ballot by way of electronic means on 7th November 2022."

Disclaimer

The above stock provide details pertaining to upcoming stock splits and bonus issues. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.