Stock splits are often seen as a sign of a company’s success. This is because companies typically only split their stock when they are growing and profitable. As a result, stock splits can lead to positive investor sentiment, which can drive up the stock price.
Four companies, namely Surya Roshni Limited, Focus Lighting and Fixtures Limited, Sigachi Industries Limited, and Themis Medicare Limited, are scheduled to have stock splits in October 2023.
Surya Roshini Limited
Surya Roshni Limited, India’s one of the largest ERW Pipes exporter has approved a stock split in which each equity share with a face value of Rs 10 will be split into two equity shares with a face value of Rs 5 each. The record date for the split is October 06, 2023.
Focus Lighting and Fixture Ltd
Focus Lighting and Fixtures Limited, a manufacturer of LED lights has approved a stock split of one equity share of the face value of Rs 10 each fully paid up into five equity shares of the face value of Rs 2.00 each fully paid up. The record date for the sub-division of the equity shares is fixed on, October 06, 2023.
Sigachi Industries Ltd
Sigachi Industries Limited, a pharma company has also announced a stock split of one equity share of the face value of Rs 10 each fully paid up into ten equity shares of the face value of Rs 1.00 each fully paid up. The record date for the sub-division of the equity shares is fixed on, October 09, 2023.
Themis Medicare Ltd
Themis Medicare Limited made a fresh 52-week high today and it has also approved a stock split of one equity share of the face value of Rs 10 each fully paid up into ten equity shares of the face value of Rs 1 each fully paid-up. The record date for the sub-division of the equity shares is fixed on, October 10, 2023.
Stock splits can be beneficial for investors by increasing liquidity, boosting investor sentiment, and lowering trading costs. Investors should keep a close eye on these stocks in October.
Disclaimer: This blog is intended solely for educational purposes. The mentioned securities are provided as examples and not as recommendations. This information is based on various secondary sources available on the internet and is subject to change. Please consult with an expert before making investment decisions.
