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.

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