Here are the new stocks which are going through split in their stocks. Company Stock Split news for July-Good results ahead? this article list down the company, split numbers and also some financial data.
Companies are KPI Green, PG Electroplast Ltd, WPIL LTD, NHC Food, Vantage Knowledge Academy, Kaycee Industries, Bridge Securities, Elecon Engineering co ltd.
In this companies some of the companies provided good returns to the investors in previous years.
Here stock split means companies providing the additional shares to the shareholders with respect to current holding shares as per record date.
Company Stock Split Purpose:
Their main purpose is to increase the liquidity in stocks. As and when price of share increases, many retail traders wont be able to participate. So by doing stock split, face value of stock being reduced and number shares are increased. Since split reduces prices it attracts more and more people towards stock.
Companies provide split ratio is like2:1,3:1 etc., here 2:1 means for every 2 shares they provide 1.
Most of the time Long-term investors will have the benefits in the split or bonus or dividend. It’s very difficult for short term traders to get the stock on the split or dividend news and get the benefit. The shareholders will get additional shares as mentioned by company after the split and it is added to their portfolio in the upcoming days. Some stocks are fundamentally good.( Read Article about how to identify fundamentally strong stock). More information regarding company or this news can be read in NSE website.
Let’s discuss the company’s information one by one:
1. KPI Green
The stock split in the ratio of 1:2, company also providing bonus and dividend to its shareholders. The company has fixed July 18,2024 as the Record Date for determining the eligibility of shareholders stock split of equity share having a face value of Rs.10/-.
KPI Green Market Cap is 11295cr with a current market price of 1874(as per today). KPI Green Energy is the part of KP Group.
Company provides solar power, for independent power producer (IPP)and Engineering, procurement, construction (EPC)services to captive power producers (CPP) Customers
2.PG Electroplast Ltd
PG Electroplast Ltd has announced 10:1 stock split on July 10 as a record date. Here the record date for the purpose of the split was later announced in June. Investors purchase the stock on record date will not get the benefit of split. Current Market Price is 3999Rs with a Market Cap of 10,220cr.
This company acts as an Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM) for washing machines, air conditioners and coolers. The company is Second largest ODM for Room ACs in India.
3.WPIL LTD
This company on July 2 fixed July 12 2024 as the record date for 10:1 stock split. Companies Market Price is 4750Rs with a Market Cap of 4639cr. WPIL LTD company offered 321% return in last 2 years.
The co. offers solutions for water handling projects covering Pump Selection, Mechanical Piping, System-Instrument, and Structural Engineering.
4.NHC Food
NHC Food has given the announcement of stock split in the proportion of 1:10 as a record date as July 22, 2024. In 2 years, this company gave 175% returns to the investors. Now the market price is Rs59.6 with a market cap of 70.7cr.
5.Vantage Knowledge Academy
Vantage Knowledge Academy has to give 1:10 stock split to the investors and has a fixed record date on July 12, 2024.This Company has given 292% return in last 6 months. Currently the market price is Rs464 with a market cap of 482cr. Company runs an education institution in Finance and Banking. It runs programs for commerce graduates seeking a career in finance domain.
6.Kaycee industries
Kaycee Industries has to give stock split in 1:10 ratio and has a record date on July 6 2024 and also provides a bonus share in 4:1 ratio to the investors. Kaycee company has given 271% return in past 3 months. The current market price is Rs1421 with a market cap of 451cr.
Kaycee Industries Ltd Manufacturers Industrial Electrical switches, Mechanical Counters, Electrical Components, etc.
7.Bridge Securities Ltd
Bridge Securities Ltd has approved to provide split as per the ratio of 1:10 set as a record date of july10 2024. Companies Current Market Price is Rs40.2 Market Cap of 13.5Cr. Bridge Securities Ltd provide 432% in last 1 year.
Bridge Securities Ltd is involved in the business of Security Trading and Brokerage.
8.Elecon Engineering co ltd
Elecon Engineering Ltd has to provide the stock split of 1:2 ratio as per the record date of July 19 2024. Its Current Market Price is Rs1293 and Market Cap 14518Cr. It has given 116% in last 1 year.
It is one of the largest Industrial gear manufacturers in Asia, holding a Market Share for Industrial gear in India at ~39%. Only Company in India having capability to manufacture Complex Gear box for Defense: Indian Navy.
Conclusion
Since this is the quarterly result season, now onwards we will get information about dividend, split, and quarterly results of company. So The companies mentioned above are only for the study purpose not a buy or sell recommendations. Consult your financial advisor for more information.