Upcoming Stock Split In October; Check Record Date And Other Details

Why do companies opt for a stock split?

Stock splits are done for a number of reasons. There are, however, two that are the most common. The first has to do with a company's perceived liquidity. When the price of each share falls by a particular amount - based on the ratio chosen by the firm - investors perceive the company's stock as more inexpensive and are thus more likely to purchase shares. The lower the stock's price, the less hazardous it appears.
If you own a stock that splits, you will have more shares after the split. The price per share, on the other hand, is falling. This is due to the fact that the market capitalization is unchanged. As a result, even while the price per share drops, the total number of shares grows. The outstanding shares of a firm are multiplied by the current market price to calculate market capitalisation.

Stock Split of Anupam Finserv

Anupam Finserv, founded in 1991, is a Small Cap business in the Financial Services industry with a market capitalization of Rs 20.45 crore. The company's yearly sales growth of 31.08 percent surpassed its three-year compound annual growth rate (CAGR) of 4.76 percent. The stock returned 34.27 percent over three years, compared to 67.21 percent for the Nifty Smallcap 100.

From October 6, 2021, Anupam Finserv will split the face value once. In 2016, Anupam Finserv Ltd. divided the face value of its shares from Rs 10 to Rs 1 for the first time. From October 6, 2021, the stock will be trading ex-split.

Stock Split of Alphalogic Techsys

Alphalogic Techsys, founded in the year 2018, is a Small Cap business in the IT Software industry with a market capitalization of Rs 56.49 crore. Sales have decreased by 43.79 percent. For the first time in three years, the company's revenue has decreased.

Since October 5, 2021, Alphalogic Techsys Ltd. will split the face value once. In 2016, Alphalogic Techsys Ltd. split the face value of its shares from Rs 10 to Rs 5. Since October 5, 2021, the stock has been trading ex-split.

Stock Split of Affle (India)

Affle, founded in 1994, is a Mid Cap business in the Services sector with a market capitalization of Rs 14,151.66 crore. On August 26, 2021, a stock split from a face value of 10.0 to a face value of 2.0 was announced, with a record date of 2021-10-08. When compared to the stated net profit of Rs 134.8 crore, the operating cash flow of Rs 101.62 crore is 0.75 times. The company spent Rs 174.84 crore on investing activities, up 7.43 percent year on year.

Stock Split of DCM Shriram Industries

DCM Shriram Industries, founded in 1989, is a Sugar-related Small Cap company with a market capitalization of Rs 840.87 crore. On June 29, 2021, a stock split from a face value of 10.0 to a face value of 2.0 was announced, with a record date of 2021-10-11. The stock returned 203.2 percent over three years, compared to 67.21 percent for the Nifty Smallcap 100. From October 8, 2021, the stock will trade on an ex-split basis.

Stock Split of JTL Infra

JTL Infra, founded in 1991, is a Small Cap business in the Metals - Ferrous sector with a market capitalization of Rs 948.30 Crore. The company's yearly revenue growth rate of 89.26% surpassed its three-year CAGR of 36.91%.

The stock returned 645.64 percent over three years, compared to 67.21 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned 645.64 percent, while the Nifty Metal provided investors a 49.83 percent gain.

From October 13, 2021, JTL Infra will split the face value to 1. From October 13, 2021, the stock will trade on an ex-split basis.

Zeal Aqua

Zeal Aqua, founded in 2015, is a Small Cap company in the Aquaculture industry with a market capitalization of Rs 100.79 crore. The company has enough cash on hand to cover its contingent liabilities. Stock returned -47.91 percent over three years, compared to 67.21 percent for the Nifty Smallcap 100.

Since October 14, 2021, Zeal Aqua will split the face value once. From October 14, 2021, the stock will trade on an ex-split basis.

Upcoming Stock Split In October; Check Record Date And Other Details

Upcoming Stock Split In October

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.