• Stock Split 2022: All these stocks have given multibagger returns to their shareholders
Stock Split 2022: After trading in a range throughout the week, Indian stocks finally succumbed to selling pressure and ended the weekend session in the red zone. However, after the end of the Friday session, the Bank Nifty index remained strong and ended on a higher note. Dalal Street can expect some buying in the IT segment from domestic institutional investors (DIIs) as IT stocks witnessed heavy selling pressure following profit-booking and offloading of their positions by FIIs.
However, some stocks are expected to remain in focus for their corporate functions as well. Four stocks are going to trade in X-split this week and their shareholders will be keen to watch the stock movement this week before and after the stock split.
Here we list down the complete details regarding the stocks which are going to trade X-split this week:
1] Alstone Textiles: This multibagger stock has given nearly 1000 percent return to its long term shareholders in YTD time. The small-cap company with a market cap of ₹217 Crore will trade X-Split and X-Bonus on December 14, 2022. The small-AP company has announced the issue of bonus shares in the ratio of 9:1, while it is going to split its shares. In 1:10 ratio.
Informing the Indian markets about the decision, the small-cap company said, "With reference to the above subject matter, we wish to inform that the members of the company have passed resolutions in the ordinary course at the EGM held on Tuesday, December 06, 2022 Considered and approved the following: 1. Sub-division of Equity Shares from the face value of Rs.10/- per share to Rs.1/- per share 2. Increase in the Authorized Share Capital of the Company and Memorandum of Association of the Company Change in Capital Clause of 3. Issue of Bonus Shares.
2] Star Housing Finance: The shares of this financial company are one of the multibagger stocks that the Indian stock market has given in the recent years. This small-cap company is also going to do X-split and X-bonus trade this week on December 16, 2022. The small-cap company with a market cap of ₹415 crore has declared bonus shares in the ratio of 1:1 while it has announced stock sub-split in the ratio of 1:2.
3] ST Corporation: This is one of the multibagger stocks that Dalal Street has created this year. The small-cap company with a market cap of ₹210 crore has announced a stock sub-split in the ratio of 1:5 and it will trade ex-split this week on December 16, 2022. This small-cap stock has gained over 1350 percent YTD. Time. Hence, post the stock sub-split, it is expected to attract smaller investors, which will lead to a spurt in the trading volume of the multibagger stock.
4] Lancer Container Lines: This small-cap stock is one of the multibagger stocks of the Indian stock market in YTD time. In this span of time, this small-cap stock has given nearly 110 per cent returns to its shareholders. The small-cap multibagger stock is going to X-split on December 16, 2022 as the company's board of directors has announced stock subdivision in 1:2 ratio.
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