5 Stocks That Approve Stock Split In May 2023; Do You Own Any?

In May, almost half a dozen stocks have approved for stock split. When a firm announces a stock split, its shares are issued in an amount greater than before, but its market capitalization stays the same. Existing shares were split, but the fundamental value remained the same. Price per share decreases with an increase in the number of shares. Here we have listed 5 stocks that approved the stock split in May.

1. Tejnaksh Healthcare Ltd.

The Board of Directors of Tejnaksh Healthcare Ltd. in a meeting held on May 20, 2023. approved the 1:2 stock split.

According to an exchange filing by the company, "Considered and approved the proposal of sub-division of Equity Share having face value of Rs. 10 /- each fully paid up into Equity Shares having face value of Rs. 5/- each fully paid up at the record date to be decided by Board of Directors, subsequent to the approval of shareholders through Postal Ballot (e-voting process)."

The stock is last traded at Rs. 65.31/share. It declined 57.66% in 1 year and 18.36% in 5 years, respectively. However, it jumped 41.53% in 3 years.

2. Gujarat Themis Biosyn Ltd.

The Board of Directors of Gujarat Themis Biosyn Ltd. in a Board meeting held on May 13, 2023, approves a 1:5 stock split.

The company in an exchange filing said, "The Board considered the proposal for sub-division of 1 equity share of the Company having face value of Rs.5/- each info 5 (five) equity shares having face value of Rs.1/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company for the financial year 2023-24."

The stock last traded at Rs. 749.10/share. It gave 71.46% positive return in 1 year. In 3 years it gave 334.76% positive return and in 5 years, it gave 2266.82% multibagger return.

3. Ashapuri Gold Ornament Ltd.

The Board of Directors of Ashapuri Gold Ornament Ltd. in a Board meeting held on May 10, 2023, approves a 1:10 stock split.

The company said in an exchange filing, "The proposal for split/sub-division of Company's 1(One) equity share of face value of Rs.10/- (Rupees Ten Only) each into 10(Ten) equity shares of face value of Rs.1/- (Rupees One Only) each;"

On Monday, the stock last traded at Rs. 79.49/share. It gave 0.89% positive return in 1 week. In 1 year, it gave 38.97% positive return and in 3 years, it gave 143.71% positive return.

4. AKI India Ltd.

The Board of Directors of Ashapuri Gold Ornament Ltd. in a Board meeting held on May 10, 2023, approves the stock split.

According to the regulatory filing by the Board of Directors of AKI India Ltd., "Considered and approved the Split / Sub-division of Equity Shares of the Company from face value of Rs. 10/- each to face value of Rs. 2/- each subject to the approval of Members of the Company. The record date for the Split / Sub-division of Equity Shares will be intimated in due course."

On Monday, the stock's last traded share price is Rs. 110.95/share. It jumped 7.56% in 1 week and falls 2.72% in 1 month. It gave 273.08% multibagger return in 1 year.

5. ADF Foods Ltd.

The Company in its Board meeting held on May 6, 2023, approves a stock split. The Board of the Directors of ADF Foods Ltd., in an exchange filing, said, "The Board considered and approved the proposal for sub-division of 1 (One) equity share of the Company having face value of ₹10/- (Rupees Ten Only) each into 5 (Five) equity shares having face value of ₹2/- (Rupees Two Only) each, subject to the approval of the shareholders in the ensuing Annual General Meeting."

The stock is trading at Rs. 863.40/share. It has given 12.31% return in 1 year. In 3 and 5 years, it has given 195.53% positive return in 3 years, and 250.9% in 5 years, respectively.

Disclaimer - The above-mentioned information is purely informational. The article should be treated as informational and not an advisory to invest. 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 making any investment decision.