Thus far in the calendar year, the stock price of HAL has appreciated nearly 60 per cent, as compared to 6.8 per cent rise in the S&P BSE Sensex
Avantel said that the rationale behind the split is to enhance liquidity in the capital market, widen shareholder base, and make shares more affordable to small investors.
The company said its board will meet on August 8, 2023 to consider sub-division/splitting its existing equity shares
Since May 27, the day the Board approved the stock split decision, the stock price of the company has appreciated by 47 per cent
But stock appears to have fully priced in the near-term gains
Analysts believe the move will create shareholder value
Meanwhile, in past two trading days, the stock has surged 12 per cent after the company emerged as a preferred bidder for Rs 2,132 crore built-operate-transfer (BOT) project in Gujarat.
In past two days, the stock price of Captain Pipes has rallied 20% after the company said its board will meet on January 27 to consider stock split and bonus issue proposal.
Rhetan TMT's board has approved stock split from Rs 10 to Re 1 and also approved issue of 11 bonus shares for every 4 equity shares held by the equtiy shareholders as on 'Record Date'.
In the past one month, the stock of IRB Infra outperformed market, as they surged 29 per cent, as compared to nearly 1 per cent decline in the S&P BSE Sensex
The stock turned ex-date for 3:1 bonus issue, and 1:1 stock split
In the past one year, the stock has appreciated by 100 per cent on the back of robust financial performance and strong order book position.
Saksoft has fixed Monday, September 26, 2022 as the 'record date' to ascertain the eligibility of shareholders entitled for sub-division of equity shares.
The company had fixed September 14, 2022 as the 'Record Date' for the purpose of determining the members, eligible for the sub-division of existing equity shares, and issue of bonus equity shares.
Tesla's shares have fallen about 11% since the company announced in March plans to increase its number of shares and are trading nearly flat so far this month
On July 28, 2022, Bajaj Finserv's board had approved 1:1 bonus issue and 1:5 stock split.
In the past three trading sessions, the stock has gained 16 per cent after the company announced their plan for stock split and bonus issue.
The company had fixed Friday, July 29, 2022 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split from Rs 10 to Re 1.
The company had fixed July 22, 2022 as the record date for the purpose of sub-division of every 1 equity share of the face value of Rs 10 each into 5 equity shares of the face value of Rs 2 each.
Amazon, whose 20-for-1 split took effect Monday, is among companies whose stocks have tumbled since the moves were announced amid a broad market selloff that's been especially painful for tech sector