A stock split means a company divides its existing shares into more shares. The total value of the company stays the same, but investors get more shares for each share they own.
A bonus issue, also known as a scrip issue or a capitalization issue, is an offer of free additional shares to existing shareholders.
Here are a few companies to watch in the coming weeks that have announced stock splits:
Jamshri Realty Limited
Jamshri Realty Ltd is engaged in real estate development, leasing of its space and Hospitality business. The share price of the company reached a 52-week high on Friday to Rs.228.75 per share, 2 percent higher from its previous close.
Jamshri Realty Ltd announced a stock split, where each Rs.1,000 share will be split into hundred Rs.10 shares (100:1), with a record date of 16th August 2024.
Money Masters Leasing and Finance Limited
Money Masters Leasing and Finance Ltd is engaged in lending and acceptance of deposits. The share price of the company reached an intra-day of Rs.183 per share on Friday, 1.6 percent higher from its previous close.
Money Masters Leasing and Finance Ltd announced a stock split, where each Rs.10 share will be split into ten Re.1 shares (10:1), with a record date of 22nd August 2024.
Aditya Vision Limited
Aditya Vision Limited is engaged in trading of electronic items and is a service oriented electronic retail chain in Bihar dealing in consumer durables of all kinds. The share price of the company reached an intra-day of Rs.4,715 per share on Friday, 4.4 percent higher from its previous close.
Aditya Vision Limited announced a stock split, where each Rs.10 share will be split into ten Re.1 shares (10:1), with a record date of 27th August 2024.
Bondada Engineering Limited
Bondada Engineering Limited specialises in providing engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services, primarily for companies in the telecom and solar energy sectors. The share price of the company reached an intra-day of Rs.3,188 per share on Friday, 4.6 percent higher from its previous close.
Bondada Engineering Limited announced a stock split, where each Rs.10 share will be split into five Rs.2 shares (5:1), with a record date of 2nd September 2024.
Here are a few companies to watch in the coming weeks that have announced bonus shares:
PVV Infra Limited
PVV Infra Limited provides engineering, designing, planning, and execution of infrastructure work. The share price of the company hit a 5 percent upper price band to Rs.17.79 per share on Friday.
PVV Infra Limited has announced a bonus issue of 1:1, where shareholders will receive one additional share for every Re.1 share they own. The record date for this is 20th August 2024.
Sprayking Limited
Sprayking Limited is engaged in the business of manufacturing brass parts. The share price of the company reached an intra-day of Rs.43.5 per share on Friday, 4.76 percent higher from its previous close.
Sprayking Limited has announced a bonus issue of 1:1, where shareholders will receive one additional share for every Re.1 share they own. The record date for this is 21st August 2024.
Central Depository Services (India) Limited
Central Depository Services (India) Limited is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions. The share price of the company reached a 52-week high on Friday to Rs.2,782 per share, 8.6 percent higher from its previous close.
Central Depository Services (India) Limited has announced a bonus issue of 1:1, where shareholders will receive one additional share for every Re.1 share they own. The record date for this is 24th August 2024.
VST Industries Limited
VST Industries is engaged in manufacture and trading of Cigarettes, Tobacco and Tobacco products. The share price of the company reached an intra-day of Rs.4,205.35 per share on Friday, 2.09 percent higher from its previous close.
VST Industries Limited has announced a bonus issue of 10:1, where shareholders will receive ten additional shares for every Re.1 share they own. The record date for this is 30th August 2024.
Written by – Siddesh S Raskar
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