Upcoming Stock Splits: 9 Stocks to Watch Between October 9 and October 25, 2024

Upcoming Stock Splits: 9 Stocks to Watch Between October 9 and October 25, 2024

These companies recently announced a stock split in October 2024, which should trigger a great surge in liquidity and make the shares easily accessible to a large number of investors. Here’s a list of 9 key stocks which are scheduled to split from October 9 to October 25, 2024. Keep an eye on them:

1. Jindal Saw Ltd

Share Split Ratio: 1:2
Current Price: ₹250
Market Capitalization: ₹8,100 crore
Record Date: October 11, 2024
The company is one of the major industrial pipes players in the country. It declared a 1:2 stock split with reduced face value for its shares, which would be diminished from ₹2 to Re 1. Market analysts opine that the company has shown above-average growth. Its shares have quoted at the highest at ₹265 in the52-week high. The company is planning to increase market liquidity and fetch new investors through this stock split.

2. New Light Apparels Ltd

Split basis: 1:10
Current Price: ₹84
Market Capitalisation: ₹160 crore
Record Date: October 12, 2024
The other company that would experience a stock split is New Light Apparels Ltd, whose face value will be reduced per share from ₹10 to ₹1. The current market price of the shares has picked progressively, but post split, it will become even more attractive to those looking for entry points at low cost in the textiles and apparel sector.

3. Rajnish Retail Ltd

Stock split ratio: 1:5
Present Price: ₹270
Market Cap: ₹550 crore
Record Date: 14th Oct. 2024
Rajnish Retail Ltd has announced a 1:5 stock split, whereby its share face value shrinks from ₹10 to ₹2. This retailing company has performed superlatively in the current calendar year as well with the ytd stock shooting 102.8% so far. The stock is currently trading almost at the 52-week high. This split will surely elevate market activity.

4. Abans Enterprises Ltd

Splitting ratio: 1:5
Current Price: ₹195
Market Capitalization: ₹250 crore
Record Date: October 15, 2024
Abans Enterprises Ltd with interests in diversified sectors is to adopt a 1:5 stock split. By lowering its face value to ₹2 from ₹10, the diversified play aims at increased retail participation. The shares have been trading with brisk momentum of late and would be expected to increase the volumes with the split.

5. Credent Global Finance Ltd

Stock split ratio: 1:5
Current Price: ₹140
Market Cap.: ₹300 crore
Record Date: October 16, 2024
Credent Global Finance Ltd plans to shrink its equity base by converting the existing equity shares and warrants into 5 equity shares of ₹2 each through a 1:5 stock split, reducing the face value from ₹10 to ₹2. The main aim of such a move is to enhance liquidity and attractiveness of the stock for a large number of investors. The company has performed well in terms of finance in 2024 and the scrip has been gradually trading.

6. Pondy Oxides & Chemicals Ltd

Stock split ratio: 1:2
Current Price: ₹900
Market Capitalization: ₹1,800 crore
Record Date: October 17, 2024
Pondy Oxides & Chemicals Ltd. has announced a 1:2 stock split, where the face value is reduced to ₹ 5 from ₹ 10. This has indeed been a great year for the specialty recycling company for chemical-based products. The stock has reached its 52-week high. The stock split will result in the improvement of liquidity of the stocks and is anticipated to attract retail investors.

7. Humming Bird Education Ltd

Stock split ratio: 1:10
Current Price: ₹150
Market Capitalization: ₹500 crore
Record Date: October 18, 2024
Humming Bird Education Ltd will divide its share in the ratio 1:10. Face value is from ₹10 to ₹1. The company sells educational products. In recent times, the share price has gone up considerably. All this will make trading volumes rise and the stock remain within investors’ reach particularly of the education sector.

8. Heg Ltd

Stock split ration: 1:5
Prev. Price: ₹2,300
Market Caps.: ₹11,000 crore
Record Date: October 20, 2024
Heg Ltd, a leader in the graphite sector has announced a 1:5 stock split. The face value of the shares is reduced to ₹2 from ₹10. The company has delivered consistent growth, and with the stock trading at nearly its 52-week high, the split is likely to increase liquidity and trading volume and maintain investor interest in the company intact.

9. POCL Enterprises Ltd

Stock split ratio: 1:2
Current Price: ₹320
Market Capitalization: ₹700 crore
Record Date: October 25, 2024
POCL Enterprises Ltd has proposed a 1:2 stock split in which shares are to be divided from the face value of ₹10 to ₹5. A very diversified manufacturer of chemicals and metals that really went pretty strong in the stock performance for 2024, the split is expected to further drive market activity, and it is going to be an attractive option among investors interested in the specialty chemicals space.

What Are Stock Splits?

How Do They Impacts?

This is when a company splits its existing shares into several shares to increase liquidity without causing a change in the market capitalization of the company. For example, in a 1:2 stock split, the existing share will be split into two shares; this reduces the price per share but increases the number of shares in circulation. This leads to more cheaply offering the stocks, and the trading volume increases.

Advantages for Retail Investors

The principal advantage of a stock split is to the retail investor by reducing the stock price per share to make it easier to purchase by smaller investors. For example, when Jindal Saw Ltd stock is priced at ₹250, it becomes ₹125 post-split, which makes this an easier ticket for newer investors to get in. This increases demand, and therefore, it may force the stock price upwards in the future.

Conclusion

Future split stocks from October 9 to 25, 2024, will offer a great opportunity for retail investors to get into the market at lower price points. Stocks like Jindal Saw Ltd, Heg Ltd, and Rajnish Retail Ltd will experience a growth prospect and liquidity boost after the companies declare their splits. Again, time to observe markets closely, stock performance and individual company fundamentals before investment.

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Disclaimer:

All above recommendations are of the market analysts. Neither the author, nor the brokerage firm, nor Stockstoday.in will be responsible for any loss arising out of any such decision taken based upon this information. All users are cautioned to take their own expert advice prior to making any investment decision.

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