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 five companies to watch next week that have announced stock splits and bonuses:
Maruti Infrastructure Ltd.
Maruti Infrastructure Limited is a leading Infrastructure and Construction company specialized in offering professional construction of management property services in both residential and commercial.
The share of Maruti Infrastructure Limited is currently trading at Rs.244 per share, a 1.67 percent high from its previous close.
The company announced a stock split, where each Rs.10 share will be split into five Rs.2 shares (5:1), with a record date of 9th August 2024. Additionally, for every 2 shares an investor owns, they will receive 1 bonus share for free (1:2), with the same record date.
Aartech Solonics Ltd.
Aartech Solonics Limited is an India-based system solution-oriented research and development company that is engaged in the field of specialized and selected energy appliances. The share of Aartech Solonics Ltd. is currently trading at Rs.219 per share, at a 2 percent low from its previous close.
The company announced a stock split, with each Rs.10 share being split into two Rs.5 shares (2:1), with a record date of 9th August 2024. Additionally, for every 2 shares an investor owns, they will receive 1 bonus share for free (1:2), with the same record date.
Rushil Decor Ltd.
Rushil Decor Ltd manufactures and sells Laminate Sheets, Medium Density Fibre Board, Pre-laminated Medium Density Fibre Board boards, and Polyvinyl Chloride Board. The share price of the company is currently trading at Rs.373.65, 6.5 percent higher than its previous close.
The company announced a stock split, where each Rs.10 share will be split into ten Rs.1 shares (10:1), with a record date of 9th August 2024.
Balmer Lawrie Investment Ltd.
Balmer Lawrie Investments Ltd is engaged in the business of Industrial Packaging, Greases & Lubricants, and Leather Chemicals, The share price of the company is currently trading at Rs.1,058.6, higher by 1.6 percent from its previous close.
Balmer Lawrie Investments Ltd has announced a stock split, where each Rs.10 share will be split into ten Rs.1 shares (10:1), with a record date of 9th August 2024.
Filatex Fashions Ltd.
Filatex Fashions Limited manufactures and sells socks in India. It markets cotton, woolen, and silk socks under the Tuscany and Smart Man brands, as well as Vogue4all.com, an online store brand. The share price of the company is currently trading at Rs.7, down by 1.4 percent from its previous close.
Filatex Fashions Limited has announced a stock split, where each Rs.5 share will be split into five Re.1 shares (5:1), with a record date of 9th August 2024.
Rajoo Engineers Ltd.
Rajoo Engineers Limited makes machines for plastic extrusion and offers customized solutions based on customer needs. The share price of the company is currently trading at Rs.479, up 1 percent from its previous close.
Rajoo Engineers Ltd. 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 8th August 2024.
Sakuma Exports Ltd.
Sakuma Exports Ltd. buys, processes, and exports bulk agricultural products like sugar, edible oils, oilseeds, pulses, and cotton. The share price of the company is currently trading at Rs.31.14, down by 1.3 percent from its previous close.
Sakuma Exports Ltd. has announced a bonus issue of 4:1, where shareholders will receive one additional share for every four Re.1 shares they own. The record date for this is 9th August 2024.
DJ Mediaprint & Logistics Ltd.
DJ Mediaprint & Logistics Ltd. is into the Printing business, Record management & other related business. The share price of the company is currently trading at Rs.317.9, up 0.27 percent from its previous close.
DJ Mediaprint & Logistics Ltd. has announced a bonus issue of 2:1, where shareholders will receive one additional share for every two Re.1 shares they own. The record date for this is 9th August 2024.
Written by – Siddesh S Raskar
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