The stock split is an event or a corporate action for a company scrip that may be of interest to its shareholders as the new shares are issued in the company going for a split to its existing shareholder in proportion to their existing holdings. The board of directors takes the decision for stock split and later it is put before before the shareholders for approval.
Primarily as an effect of the stock split, the number of outstanding shares increases but the m-cap continues to be the same. Also, as the number of shares increase price per equity share is reduced.
So, likewise here is collated a list of stocks going for a split in Face value in December and there by turm ex-split as specified:
Stock Split of TTK Prestige:
This is a small cap company from the domestic appliances segment despite the high share price it commands. Flagship company of the TTK Group- the company is the leading kitchen appliances firm offering its product range under the renowned 'Prestige' brand.
During the last ended quarter, the firm reported improved sales, net profit also inched higher by 59 percent over the previous year. EBIDTA for the review period also came higher by 54 percent to Rs. 144 crore.
TTK Prestige's board has decided to split its face value from the current Rs. 10 to Rs. 1 per share, while the stock shall trade ex-split from December 14, 2021. The scrip over a 1-year period provided returns of 76%, while year to date gains are 67 percent.
Stock Split of Quantum Gold Fund-ETF:
For the gold fund-ETF from the Quantum MF AMC, there shall be a stock split in face value from the current Rs. 100 to new face value of Rs. 1. The split date for the ETF is December 16. The ETF last traded at a price of Rs. 2055.
Investors can invest in Gold Fund ETF to generate returns in line with the performance of gold and gold related securities, subject to tracking errors.
The fund launched in the year 2008 commands a current AUM of about Rs. 136 crore. The company's performance is tracked to the benchmark Crisil 10 Yr Gilt Index as primary index and Gold-India as secondary index. The top 3 holdings of the fund are GOLD .999 Purity 100 Gram BAR at Mumbai Location, Net Receivable/(payable) and TREPS.
The fund's 5 and 3 year return are at 9.66 and 14.23 percent, respectively, while 1-year returns are currently in the negative territory.
Stock Split of Earum Pharmace:
The board of Earum Pharmaceuticals, on 27 November 2021 informed the bourses regarding its decision to consider stock split in the ratio, 5 for 1 (i.e. split/ sub division of one equity share from existing face value of Rs 10 each to five equity shares of face value of Rs 2 each). Record date for the split has been fixed as December 18, 2021, while the stock shall trade ex-split on December 16. The stock last traded at a price of Rs. 64 per share on the NSE.
In the just ended September quarter, the company's income from operations increased QoQ. Also for the period, the company posted net profit of Rs. 5.4 crore as against the net loss of Rs. 3.4 cr. during the previous quarter.
Earum Pharmaceuticals is a small cap company that is engaged in trading, marketing as well as distribution of a large array of pharmaceutical products such as anti-biotic drugs, anti-malarial drugs, anti-allergic & anti cold drugs, analgesic/ anti-pyretic & anti inflammatory drugs, dermatology products among others
Stock Split of Hindustan Everest Tools:
The company in an exchange filing on November 30 informed that the shareholders in the AGM gave approval for the split of the 23,00,000 equity shares of face value of Rs.l0/- each into the ratio of 1:5 i.e..1,15,00,000 equity shares of face value of Rs.2/- each. Further, the company has fixed December 24 as the Record Date for the said split of the shares. Note the split date for the scrip is December 23, 2021.
The scrip during the last one year offered return of 1442 percent, while YTD returns are at 1398 percent.
The small cap company is the country's leading manufacturer as well as exporter of quality hand tools operating in the Enginnering segment. The company's product range encompasses Spanner-Single Open End Spanners,Double Open End Spanners,Bihexagon Ring Spanners,Combination Ring & Open Ended Spanners.Plier-Grip Pliers.Wrenches-Stillson,Heavy duty etc.
Upcoming Stock Split In December
|Stock||Old FV||New FV||Split date||Record date|
|Quantum Gold Fund-ETF||100||2||16.12.2021|
|Hindustan Everest Tools||10||2||23.12.2021||24.12.2021|
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.