Stocks Where Bonus Shares & Stock Splits Are Likely, Should You Buy The Shares Now?

Raghuvansh Agro board to meet on May 27 to consider stock split

The board of Raghuvansh Agrofarms Ltd had informed in a notice to the Bombay Stock Exchange that its Board of Directors of the Company is going to be held on May 27, 2022, to consider a stock split of its shares. The shares of the company were last trading at Rs 474 and it would be interesting to see the ratio of the stock split. When the boards meet to take-up the matter of stock split or a bonus, it is generally approved. So, in all probability we could see a stock split in the stock of Raghuvansh Agro.

This Company is largely engaged in agriculture operations. Raghuvansh Agro also has activities related cultivation of Organic Vegetables, Organic Grains and Cereals. The company has an integrated facility for cultivation, processing and distribution of agricultural produce. Apart from the above, the Company is also engaged in dairy farming and production and distribution of dairy products. We have no recommendations on this stock, for either a buy, a hold or a sell.

Xpro India

Xpro India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 25, 2022 to approve bonus issue of shares. The shares of Xpro India was last seen trading at Rs 1122 on the NSE, up 4% in the trade today. It would be interesting to see the ratio of bonus shares approved by the board, if the same is approved.

Xpro India Limited is a diversified multi-divisional, multi-locational company with a strong commitment to the polymer processing industry. The company enjoys a leadership position in Dielectric/Capacitor films and is the only Indian manufacturer of "Dielectric/Capacitor Films". BOPP films produced at the company are from main equipment from Bruckner,Germany. The company has been performing reasonable well over the last few quarters. While the fourth quarter numbers are not out, revenue for Q3FY22 was placed at Rs.111 crs. increased 9% Y-o-Y. Coex division markets moderated by the usual seasonal demand swings for consumer durables typical in the quarter ending Dec 31, 2021. The company had finished goods and raw material stocks built up for anticipated Q4 demand.

Capacity expansion to augur well for the company

Xpro India Limited intends to pursue material expansion of capacity by adding new manufacturing lines for Dielectric and other technical grades of biaxially oriented polypropylene film. The first phase would double capacity at its existing facility at Barjora, West Bengal, to be followed by a second phase either at Barjora or another appropriate location. These phases are expected to span the next 2 - 4 years, also taking into account long equipment delivery periods. We do not have any recommendation on the stock, as a buy, sell or a hold.

Disclaimer

The above is just information on stocks where the boards are to meet for bonus or stock splits. Investing in stocks is risky and investors must exercise caution. Greynium Information Technologies Pvt Ltd, the author and the broking house are not responsible for losses based on the article. The article is for informational purposes only.