Board Of 7 Small Cap Stocks Consider, Approve Stock Splits: Details Inside

Board of 7 leading small cap stocks have given their approval to stock splits. These companies are Vivanza Biosciences, Vivanta Industries, Mufin Green, Rhetan TMT, Hi-Tech Pipes, Captain Pipes, and Continental Securities. Check details below:

1. Continental Securities

The small cap stock will also conduct stock split in the ratio of 5:1 soon as the board has given its nod for the same.

According to the regulatory filing, "Sub-division of existing Equity Share of face value of Rs.10/- (Ten) each fully paid up into five Equity Shares of face walue of Rs. 2/- (Two) each."

Stock Performance & Return: The current market price of the stock is Rs 39.40 apiece with 52-week high at Rs 51.00 and 52-week low at Rs 21.75 apiece, respectively. The stock gave 13% return in last 1-year and 341% in last 3-years.

2. Captain Pipes

The board of Captain Pipes in its meeting that took place on January 27, 2023 approved 2:1 stock split. The record date is yet to be declared.

According to the BSE filing of the company, "Alteration in Capital of the Company by Split/Sub-division of 1 (One) Equity Share of the Company having face value of Rs. 10/- each into 10 (Ten) Equity Shares of the Company having face value of Re. 1/- each," according to regulatory filing of the company.

Stock Performance & Return: The current market price of the stock is Rs 690.00 apiece with market capitalisation at Rs 320 crore. The stock's 52-week high is Rs 790.00 apiece and 52-week low is Rs 58.50 apiece, respectively. The stock surged 52% in just 1-month, 123% in 3-months, and 1028% in last 1-year. In last 6-months, the return is 382%.

3. Vivanza Biosciences

The board of the Vivanza Biosciences on January 24, 2023 has approved 1:10 stock split. The company will intimate the record date for the same.

According to the BSE filing, "The Board considered the proposal for sub-division of 1 (One) equity share of the Company having face value of Rs. 10/- each into 10 (Ten) equity shares having face value of Rs. 1/- each, subject to regulatory/statutory approvals as may be required and the approval of the members of the Company.

Stock Performance & Return: The current market price of the small cap stock is Rs 150.20 apiece. It has given a return of 8% in last 3-months and 110% in last 5-years.

4. Vivanta Industries

The small cap company approved 1:10 stock split on January 18, 2023. The company has yet to declare the record date.

According to the BSE filing, "The Board considered the proposal for sub-division of 1 (One) equity share of the Company having face value of Rs. 10/- each into 10 (Ten) equity shares having face value of Rs. 1/- each."

Stock Performance & Return: The current market price of the stock is Rs 24.75 apiece with 52-week high at Rs 32.45 apiece and 52-week low at Rs 12.16 apiece, respectively. The stock gave a return of 27% in last 1-month and 54% in last 6-months.

5. Rhetan TMT

The board had given its nod to 1:10 stock split and on January 27 informed that it decided to postpone the record date. The new date is yet to be declared.

The BSE filing of the company stated, "Sub-division of 1 (one) Equity share of face value of Rs. 10/- each fully paid-up to 10 (ten) Equity shares of face value of Rs. 1/- each fully paid-up."

Stock Performance & Return: The stock's last trading price is Rs 360.10 apiece with 52-week high at Rs 479.00 apiece and 52-week low at Rs 50.60 apiece, respectively. The market capitalisation is Rs 765.21 crore. The stock rallied 164% in last 3-months and 441% in last 6-months.

6. Mufin Green Finance Ltd

The board of the company is scheduled to meet on February 17, 2023 to consider and approve proposal of stock split.

Stock Performance & Return: The last trading price of the stock is Rs 245.25 apiece with 52-week high at Rs 286.80 apiece and 52-week low at Rs 48.35 apiece, respectively. The company has a market capitalisation of Rs 629.15 crore.

The stock gave a return of 251% in last 1-year and 1281% in last 3-years.

7. Hi-Tech Pipes

The small cap company approved 1:10 stock split and yet to decide the record date for the same.

Board of Directors of Hi-Tech Pipes Ltd on January 28, 2023, considered and approved the sub-division/split of existing equity share of the Company from one equity share having face value of Rs, 10/- (Rupees Ten only) each, fully paid-up into Ten (10) equity shares having face value of Rs. 1/- (Rupees One only) each fully paid-up. The record date is yet to be informed.

Stock Performance & Return: The last trading price of the stock is Rs 908.45 apiece with intraday gain of 1.82%. It has a market capitalisation of Rs 1,114.77 crore. Stock's 52-week high is Rs 995.00 apiece and 52-week low is Rs 323.00 apiece, respectively.