1 IT and 1 Auto Equipment Co. Stock To Add To Your Watchlist For Interim Dividend And Stock Split

Corporate actions are vital just not for the companies going for them but also for investors or shareholders of these scrips as besides their look out on whether the said corporate action has been complied with in respect of their holding, they or shareholders can decide on the probable stock action in the scrip. So, as these corporate actions are intended at some long term purpose from the company's perspective, they are also of relevance for the investing community and hence a discussion on the same here.

Here we have discussed upon 2 corporate actions announced by 2 S&P BSE SmallCap firms:

1. NIIT:

The IT training services which is a small cap concern has announced an interim dividend of Rs. 3 per share. For the said dividend the scrip shall turn ex-dividend on February 8, 2022. Further, in respect of the same, the company in an exchange filing notified the record date as February 9. Also, the filing said that payment of interim dividend through permissible mode shall be made within 30 days from the date of declaration of interim dividend. The company's scrip in the last one year has yielded return of 108%.

The company offers global information technology (IT) learning solutions. Additionally the company is into offering training solutions in area of IT, business process outsourcing (BPO), banking, finance and insurance, executive management education, and communication and professional life skills.

 

2. Rajratan Global Wire:

The multibagger scrip which in the past 1-year has given a handsome return of 394 percent return has on January 28, 2022 announced the approval of the sub-division / stock split of existing 1 ( Share of Rs. l0/- each fully paid up into
5Equity shares of Rs. 2 each fully paid up, subject to approval of members through postal
ballot.The Record Date for the said sub-division / stock split will be intimated in due course subject to
compliance of necessary laws:

2. The Board has approved alteration oft he "Capital Clause" of the Memorandum of Association of
the Company on account of Sub-Division/Split of Equity shares of the Company from face value
of Rs.10/- each into Rs.2/- each, subject to approval of the Members through Postal Ballot.

Rajratan Global wire is an auto ancillary firm last commanding a price of Rs. 2612.2 per share. The company in its initial years moved from the core business of iron and steel trading to manufacture bead wires for tyres. Also, amid the global foothold of the industry, the company ensured strategic geographic expansion.

Stock	Corporate action	Ex-date	Record date
NIIT	Interim dividend of Rs. 3/share for Fy22	08/02/22	09/02/22
Rajratan Global Wire	Stock split (1:5)		Yet to be announced

 

Disclaimer:

The data is given just for information only and is not intended to make you investment calls in them.

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