Companies split their stocks to alter their share price and outstanding shares without making changes in their operating performance or market capitalization. There are two multibagger stocks that are going to start trading ex-split this week. Inventors who are interested in corporate actions can take a look at the shares of Variman Global Enterprises Ltd and High Energy Batteries (India) Limited.
High Energy Batteries (India) Limited
The battery maker informed the stock exchanges that the Board of Directors of the company have a fixed record date for the purpose of sub-division of its fully paid up equity shares of the face value of ₹10 each into five equity shares of the face value of ₹ 2 each on August 10, 2022. The shares will start trading ex-split from August 08, 2022.
The share price of the company soared from ₹ 325.75 apiece on August 04, 2017, to ₹ 2070 apiece today. This implies that it has delivered multibagger returns of ₹ 535.46% in the said period. However, it has grown sideways in the past year.
Its share price has increased by 23.59% in the past five days and by 52.30% in the past month. If an investor had invested ₹ 1,00,000 in the company’s shares five years ago, the value of their holdings would have been ₹ 6,35,460 today.
Variman Global Enterprises Ltd
The FMCG and IT company informed the stock exchanges that it has fixed Friday, August 12, 2022, as the record date for the purpose of determining the sub-division/split of existing equity shares. Its shares have a face value of ₹ 10 each and they will be split into equity shares with a face value of ₹ 1 each.
The company’s share price has increased from ₹ 5.05 as of August 11, 2017, to the current market price of ₹ 190.50. It has given multibagger returns of 3672.28% in the said period. Moreover, it has given multibagger returns of ₹ 441.55% as per year-to-date data.
If investors had invested ₹ 1,00,000 in the company’s shares at the beginning of this year, the value of their holdings in the company would have been worth ₹ 5,41,550 today.
Written by Simran Bafna
Disclaimer
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