Corporate action is when a publicly listed corporation makes substantial changes that affect its shareholders and financial structure. Actions that impact a company’s securities include dividends, stock splits, mergers, acquisitions, rights issues, and other related events. Shareholders may experience changes in ownership, stock value, or entitlements following corporate activities.
A stock split is a business move in which a firm divides its shares into multiples. The split does not affect the company’s total market value, but increases the number of outstanding shares, lowering the price per share. The goal is to make the stock more cheap for investors.
Here are the stocks that set the record date of a stock split:
Sanghvi Movers Ltd
Sanghvi Movers Limited is engaged in the business of providing cranes on a rental basis to private and public sector undertakings. The Company also offers integrated solutions for engineering, infrastructure, procurement, installation, and commissioning on a turnkey basis.
With a market capitalization of Rs 3,523.43 crore, the shares were trading at Rs 813.95 per share, increasing around 0.48 percent as compared to the previous closing price.
Also Read: Stocks to Buy: 6 Stocks to buy now for an upside of 45%
The Company has set Friday, September 27, 2024, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 2 each, fully paid up, will be sub-divided into 2 equity shares having a face value of Re. 1 each, fully paid up.
Integrated Industries Ltd
Integrated Industries Limited manufacturing of Food Products and Trading of Food Products. The Manufacturing Food Products segment, through its subsidiary, Nurture Well Foods Pvt. Ltd, is engaged in the manufacturing of biscuits from its biscuit manufacturing plant.
With a market capitalization of Rs 865.43 crore, the shares were trading at Rs 422.00 per share, increasing around 1 percent as compared to the previous closing price.
The Company has set Friday, October 1, 2024, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 10 each, fully paid up, will be sub-divided into 10 equity shares having a face value of Re. 1 each, fully paid up.
Sheetal Diamonds Limited is engaged in the trading of loose diamonds and jewelry. It provides loose diamonds, rings, earrings, tops, bracelets, neckless sets, and watches. Its diamonds include white loose diamonds, GIA, IGI, HRD-certified diamonds, fancy cut diamonds, and fancy color diamonds.
With a market capitalization of Rs 202.05 crore, the shares were trading at Rs 65.90 per share, increasing around 3.21 percent as compared to the previous closing price.
The Company has set Friday, October 11, 2024, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 5 each, fully paid up, will be sub-divided into 5 equity shares having a face value of Re. 1 each, fully paid up.
Also Read: IT stock jumps 17% after PM Narendra Modi launches company’s software
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.
