Stock Splits in October: Key Companies to Watch

Investors should keep an eye on several key stock splits scheduled for October, as nine companies prepare to adjust their share structures. These stock splits are expected to enhance liquidity and make the stocks more accessible to retail investors.

Stock SplitsOctoberRetail InvestorsLiquidityMarket CapReal Estate NewsOct 06, 2024

Stock Splits in October: Key Companies to Watch

Real Estate News:Investors should keep an eye on several key stock splits scheduled for October, as nine companies prepare to adjust their share structures between October 9 and October 25. These stock splits are expected to enhance liquidity and make the stocks more accessible to retail investors.\n\n Rajnish Retail Ltd.\nRajnish Retail, a company involved in the gems and jewelry sector, is set to split its stock in a 5 1 ratio on October 11, 2024. The last trading price was Rs 65.61, and its market cap is Rs 200.85 crore. While the stock has declined 14% in the past three months, it has offered a return of 68% over the last year and an impressive 1069% over the past two years.\n\n New Light Apparels Ltd.\nNew Light Apparels will undergo a 1 10 stock split on October 10, 2024. The company’s shares are currently priced at Rs 71.97, with a market cap of Rs 56.30 crore. This stock has shown significant growth, with a 269% return in the past three months and a 365% surge so far in 2024.\n\n Jindal Saw Ltd.\nJindal Saw is set to execute a stock split from Rs 2 to Re 1 on October 9, 2024. The company’s last traded price was Rs 726.05, with a market capitalization of Rs 23,215.75 crore. Over the past year, the stock has delivered a 102% return, and in the last two years, it has surged 782%. The 52-week high for Jindal Saw is Rs 760.00, while the low stands at Rs 329.75.\n\n Abans Enterprises Ltd.\nAbans Enterprises will split its shares in a 1 5 ratio on October 15, 2024. The last trading price was Rs 178.00, with a market cap of Rs 248.31 crore. The stock has gained 40% in the last six months and rallied 140% over the last five years.\n\n Credent Global Finance Ltd.\nCredent Global Finance has announced a 1 5 stock split, which will go into effect on October 15, 2024. The stock's last trading price was Rs 143.30, and its market cap stands at Rs 147.49 crore. Over the last three years, the stock has gained 299%.\n\n Pondy Oxides & Chemicals Ltd.\nPondy Oxides & Chemicals will undergo a 1 2 stock split on October 16, 2024. The company’s last trading price was Rs 1,909.60, with a market capitalization of Rs 2,487.29 crore. Despite a 12% decline in the past month, the stock has surged 285% in 2024 and gained 2050% over the past five years.\n\n Humming Bird Education Ltd.\nHumming Bird Education has announced a 1 10 stock split, effective October 18, 2024. The last trading price was Rs 991.00, and the company’s market cap stands at Rs 60.75 crore. The stock has surged 115% over the last six months and 719% over the past two years.\n\n HEG Ltd.\nHEG Ltd. will split its shares in a 1 5 ratio on October 18, 2024. The company’s last traded price was Rs 9075.15, with a market capitalization of Rs 9,075.15 crore. The stock has offered a 120% return in the last two years.\n\n POCL Enterprises Ltd.\nPOCL Enterprises will execute a 1 5 stock split on October 25, 2024. The stock’s last trading price was Rs 766.00, and its market capitalization is Rs 427.12 crore. The 52-week high for POCL Enterprises is Rs 839.45, while the low stands at Rs 170.\n\n Disclaimer Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Frequently Asked Questions

What is a stock split and how does it affect the market cap of a company?

A stock split involves dividing the company's existing shares into multiple shares. For example, a 2-for-1 stock split means that for every one share a shareholder owns, they will now own two shares, but the value of each share will be halved. This does not change the company's market cap, as the total value of the company remains the same.

Why do companies undergo stock splits?

Companies often undergo stock splits to make their shares more affordable to retail investors, enhance liquidity, and increase trade volume. This can also make the stock more attractive to a broader range of investors.

How many companies are scheduled to split their stocks in October 2024?

Nine companies are scheduled to split their stocks between October 9 and October 25, 2024.

Which company is undergoing the largest stock split in October 2024?

Rajnish Retail Ltd. is undergoing a 5:1 stock split on October 11, 2024, which is one of the largest splits among the companies mentioned.

What should investors do before a stock split?

Investors should consult with a qualified financial advisor to understand the implications of a stock split and make informed decisions. It's also a good idea to review the company's financial health and future prospects before making any investment decisions.

Tags:

Related News Articles

real estate news

Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base

Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year

May 30, 2024

Read Article

Real Estate

No Reversal on Real Estate LTCG Tweaks: Government Stands Firm

Government sources have confirmed that there will be no reevaluation of the changes made to Long Term Capital Gains tax (LTCG) in the Union Budget, despite concerns over the removal of Indexation benefit on property sales.

July 24, 2024

Read Article

Real Estate

Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties

EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.

September 28, 2024

Read Article

real estate news

Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore

In a strategic move, Godrej Group, through its real estate subsidiary Anamudi Real Estates, has acquired a significant plot of land in the bustling city of Mumbai for Rs 81 crore. This acquisition marks a major step in the company's expansion plans in one

February 8, 2025

Read Article

Real Estate Mumbai

Why Pattaya is the Next Big Thing for Indian Property Investors

A luxury sea-view condo in Pattaya costs as much as a mid-range apartment in Mumbai. Discover why Pattaya is quickly becoming a hot spot for Indian property investors, offering exceptional value and potential returns.

February 24, 2025

Read Article

real estate news

Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?

With reduced EMIs making home loans more affordable, Akshaya Tritiya could be the catalyst for a surge in real estate demand, especially in the luxury and high-end market segments.

April 28, 2025

Read Article