Stock Splits To Watch In September: 6 Stocks That Will Soon Split From Sept 11 To Sept 20

6 leading companies have already recommended stock split/sub-division of shares. Their stocks will soon start splitting beginning from September 11 to September 20. These companies are Andhra Paper Ltd, Varun Beverages Ltd, Krishna Institute of Medical Sciences Ltd, Onesource Ideas Venture Ltd, Sportking India Ltd, and Fedders Holding Ltd.

What Is Stock Split And How It Helps? When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices. Check details below:

1. Varun Beverages Ltd : Last trading price of Varun Beverages shares on BSE is Rs 1493.05 per share. Varun Beverages has a market capitalisation of Rs 73,302.14 crore. Varun Beverages shares rose 20.21% year-to-date, surged 61% in last 1-year, and rallied 376% in last 3-years. Varun Beverages shares rose 962% in last 5-years. The company also recommended an interim dividend of Rs 1.25 per share and set August 9, 2024 as the record date. Varun Beverages recommended 2:5 stock split and fixed September 12 as the record date.

As per the regulatory filing of Varun Beverages dated September 2, 2024, "fixed Thursday, September 12, 2024 as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of sub-division / split of existing Equity Shares of the Company, such that each Equity Share having face value of Rs. 5/- (Rupees Five only) each fully paid-up, be subdivided/split into such number of Equity Shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up."

2. Fedders Holding Ltd: Last trading price of Fedders Holding shares on BSE is Rs 895.55 per share. Fedders Holding shares gained 27% in last 6-months, jumped 63% in last 1-year, soared 1638% in last 3-years, and rallied 5032% in last 5-years. The company's market capitalisation stood at Rs 1067.64 crore. The 52-week high price of Fedders Holding Ltd shares on BSE is Rs 999.00 apiece (as on 31/07/2024) and 52-week low price is Rs 400.00 per share (as on 26/10/2023), respectively.

Fedders Holding Ltd fixed September 20, 2024 as the record date for stock split/sub-division of shares in the proportion of 10:1. The company on July 8, 2024 recommended 10:1 stock split.

3. Krishna Institute of Medical Sciences Ltd: Last trading price of Krishna Institute of Medical Sciences shares on BSE is Rs 2655.95 per share. Krishna Institute of Medical Sciences has a market capitalisation of Rs 21,254.98 crore. Krishna Institute of Medical Sciences shares offered shareholders return of 41% in last 3-months, soared 29% in last 1-year, and surged 107% in last 2-years. The 52-week high price of Krishna Institute of Medical Sciences shares on BSE is Rs 2690.00 per share (as on 05/09/2024) and 52-week low price is Rs 1625.05 per share (as on 16/10/2023), respectively.

Krishna Institute of Medical Sciences shares is set to split/sub-divide in the ratio of 1:5. It set Friday, September 13, 2024, as 'Record Date' to determine the eligibility of shareholders of the Company for Subdivision/split.

4. Andhra Paper: Last trading price of Andhra Paper shares on BSE is Rs 564.20 per share. The 52-week high price of Andhra Paper share on BSE is Rs 675.00 per share (as on 11/10/2023) and 52-week low price is Rs 467.40 per share (as on 04/06/2023). Andhra Paper shares surged 5% in last 1-year, rallied 21% in last 2-years, and surged 146% in last 3-years. The company's market capitalisation stood at Rs 2243.83 crore.

The company fixed September 11, 2024 as the record date for sub-division/stock split of shares in the proportion of 1:5. Earlier this year, Andhra Paper recommended final dividend of Rs 10/- per share for the FY 2023-24 and shares traded ex-dividend on August 5, 2024.

5. Sportking India Ltd: The 52-week high price of Sportking India shares on BSE is Rs 1554.00 per share (as on 05/09/2024) and 52-week low price is Rs 705.00 per share (as on 26/10/2023), respectively. The company's market capitalisation stood at Rs 1903.09 crore. Engaged in textile sector, Sportking India shares gained 92% in last 3-months, surged 80% in last 1-year, rallied over 1814% in last 5-years. Last trading price of Sportking India shares on BSE is Rs 1497.65 per share.

Sportking India Ltd today fixed September 13, 2024 as the record date for 1:10 stock split/sub-division of shares. The company also recommended final dividend of Rs 5/- per equity share and fixed August 10, 2024 as the record date.

6. Onesource Ideas Venture Ltd: Last trading price of Onesource Ideas Venture shares on BSE is Rs 93.00 per share. Onesource Ideas Venture shares slipped over 8% in last 2-weeks, offered return of 59% in last 3-months, zoomed 45% in last 1-year, fell 6% in last 2-years, and gained 698% in last 3-years.
The company fixed September 13, 2024 as the record date for sub-division of shares in the proportion of 10:1.

Disclaimer: The stocks highlight stock split and are not recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.