.
zerodha top banner 2

A company generally decides to split its shares mainly because of two reasons. The first is to improve the trading liquidity in the market and the second reason is to make the stock seem more affordable to investors. The number of shares outstanding increases and the price per share decreases, keeping the total market capitalization of the stocks constant. 

5paisa Basket Order

Here are 2 multibagger stocks that are coming up with a stock split: 

Colorchips New Media Limited 

The shares of Colorchips New Media were locked in an upper circuit of 5 percent at Rs 110 in the early hours on Friday. In the past five days, the stock has zoomed by approximately 22 percent. 

In January 2022, the stock was trading at Rs 23 a piece on BSE. From there it has spiked up to the current levels logging a multibagger return of 375 percent YTD. In the span of two months, the stock has delivered a multibagger return of 151 percent. 

Colorchips New Media Limited specializes in the development of comic content for a wide range of media, including film, television, print, social media, and the internet. It also offers D animation, 3D animation, special effects, character designing for animation, graphic design, print publication services, content production, multimedia, and web development. 

The board of the company has approved a stock split. The equity shares of the Company will be subdivided from a Face Value of Rs.10 each to a Face Value of Rs.2 each. For this purpose, the record date has been set as October 12th, 2022. 

The company has a market capitalization of Rs 188 crores and the promoters of the company hold a 74.88 percent stake. 

Greencrest Financial Services Limited 

The shares of Greencrest Financial Services hit an upper circuit of 2 percent at Rs 17.5 in the early hours on Monday. In the span of a month, the stock has zoomed by approximately 49 percent. 

A year ago the shares were trading at Rs 5 apiece on BSE. From there it has spiked up to the current levels logging a multibagger return of 240 percent. In the last three months, the stock price has soared by a whopping 153 percent. 

Greencrest Financial Services Ltd is an RBI registered NBFC and is engaged in the business of finance and investments.

The board of the company has approved a stock split in the ratio of 10:1 which means one stock with a face value of Rs 10 will now get divided into 10 shares each with a face value of Re 1 per equity share. For this purpose, the record date is fixed as October 12th, 2022. 

The company has a market capitalization of Rs 64 crores and the promoters of the company hold a 1.25 percent stake. 

Written by Anoushka Roy

Disclaimer

The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact news@tradebrains.in


Start Your Financial Learning Journey

Want to learn Stock Market and other Financial Products? Make sure to check out, FinGrad, the learning initiative by Trade Brains. Click here to Register today to Start your 3-Day FREE Trail. And do not miss out on the Introductory Offer!!