A stock split happens when a company increases the number of its shares to boost the stock’s liquidity. Generally, a stock split is taken as a sign that the company is thriving for which the stock prices have increased. So to make it more affordable for the investors, the stock is split.
Here are three multibagger stocks which are coming up with a stock split next week:
Kritika Wires Limited
The shares of Kritika Wires were locked in the upper circuit of 5 per cent at Rs 133 per share in the early trading hours on Friday. In the last five days, the stock has gained more than 20 per cent. The stock was listed on the stock exchanges in May and has given more than 130 per cent return since then.
The Board of Directors of directors has decided to split the face value of the company’s equity shares from Rs. 10 per share to Rs. 2 per share. For this purpose, the record date for evaluating the eligibility of the shareholders for the subdivision has been set as August 30, 2022.
Kritika Wires Limited, a part of “Jai Hanuman Group” is engaged in manufacturing all types of Steel Wire and Galvanized Wire that cater to the needs of the companies like State Electricity Boards, Power Grid Corporation of India Ltd, etc.
Ritesh Properties and Industries
The shares of Ritesh Properties and Industries were trading down by 2.3 percent at Rs 476 levels till the afternoon on Friday. In the past five days, the stock has gained more than 23 percent. In a year, the stock has delivered a multibagger return of more than 143 percent.
The Board of Directors of directors has agreed to split the face value of the company’s equity shares from Rs. 10 per share to Rs. 1 per share. For this purpose, the record date for evaluating the eligibility of the shareholders for the subdivision has been set as September 03, 2022.
Ritesh Properties and Industries Ltd (RPIL) is a leading company with business interests in Real Estate & Fashion Industry.
Savita Oil Technologies
The shares of Savita Oil Technologies had inched 0.2% higher at Rs 1,622 levels till the afternoon on Friday. In the last five days, the stock has gained more than 7 percent. In august 2020 the stock was trading at Rs 719 a piece. Since then it has spiked up to the current levels thereby delivering a multibagger return of more than 125 percent.
The Board of Directors of directors has agreed to split the face value of the company’s equity shares from Rs. 10 per share to Rs. 2 per share. For this purpose, the record date for evaluating the eligibility of the shareholders for the subdivision has been set as September 02, 2022.
Savita Oil Technologies Limited (formerly known as Savita Chemical) is an Indian automotive, industrial lubricant, and petroleum speciality oils production company.
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.
