A company generally splits its shares when it looks to enhance the liquidity of the stock in the market. After a split the number of shares outstanding increases keeping the total market capitalization the same. The ownership of shares on the record date which is set by the board determines the eligibility of investors.
Here are 2 multibagger that are soon going to split their shares:
Maximus International Limited
The shares of the company were locked in a lower circuit on Monday at Rs 429. In a longer time frame, the stock price has risen from Rs 101 a piece in January 2022 to the current levels logging a multi-bagger return of 348 per cent YTD.
The board of the company has approved the subdivision of everyone fully paid-up Equity Share of the Company having a face value of Rs 10 each, into Ten fully paid-up Equity Shares having a face value of Re 1 each. The record date for this has been set as October 3rd, 2022,
Maximus International Limited, a subsidiary of Optimus Finance Limited, is in the business of importing and exporting lubricants, various base oils, and other chemical goods used, among others, in the metal, power, and automobile industry.
Excel Realty N Infra Limited
The shares of the company declined marginally and were trading at Rs 9 before the markets closed on Monday. In the last five days, the stock has shed approximately 6 percent. In the span of a year, the stock has delivered a multibagger return of 190 percent as the price has risen from Rs 3 a piece in September 2021 to the current levels.
The company has announced a stock split. The face value of the share will be reduced from Rs 10 per share to Re 1 per share. For this purpose, the record date has been set as September 28th, 2022.
Excel Realty N Infra Limited (Formerly known as Excel Infoways Limited) is engaged in the development of Infrastructure facilities, IT-enabled BPO services & general trading activities.
Written by Anoushka Roy
Disclaimer
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