2 multibagger stocks to track for share splits this week
In the last one year, the stock has generated a multibagger return to the tune of 117 per cent.
Corporate actions like dividends, bonus issues, stock splits, etc., are important for investors to track as these financial initiatives bring about a stock price change. Also, a sound understanding of these actions helps ascertain a company’s financial health and influences buy and sell decisions in a stock.
So, here are the 2 multibaggers that will go ex-split this week:
Lighting solutions major in August this year approved the sub-division of the company’s shares from the face value of Rs 10 to Rs 5, i.e., a 1:2 stock split. The stock in respect of the same shall trade ex-split on October 6, implying that it will commence to trade at the new split-adjusted price from then on.
India vs Australia 4th T20I Free Live Streaming: When and Where to watch IND VS AUS T20I series Match LIVE on Mobile Apps, TV, Laptop, Online
Loan Against LIC Policy: If high interest rate and poor Cibil score bother you for taking personal loan; try out this LIC option
Rajasthan Assembly Election Exit Polls Results 2023 LIVE: BJP holds edge in close fight with Congress in Rajasthan — Check BJP, Congress seat projection
Madhya Pradesh Election Exit Polls Results 2023 Live: Congress and BJP neck and neck in Madhya Pradesh; Check BJP, Congress seats
Telangana Assembly election 2023: Will BRS retain its power for a third time? Check latest voting updates, date of counting, results announcement of 119 Assembly seats
Chhattisgarh Exit Poll Results 2023 Live: Will Congress retain power in state? Here is what exit polls suggest
ICC T20 World Cup 2024: Uganda creates history, qualifies for T20 World Cup; Namibia in; Zimbabwe exits
Importantly, October 6 is also fixed as the record date for the purpose of the stock split. So, shareholders holding the shares of Surya Roshni in their demat as on the record date will be entitled to receive the split shares.
In the last one year, the stock has generated a multibagger return to the tune of 117 per cent. The stock’s 52-week low and high prices are Rs 400.3 and Rs 1154, respectively. Last Friday (September 29), the stock closed at Rs 982 per share on the BSE.
Surya Roshni, established in 1973, is among the largest steel pipe and lighting companies in India. The company’s sales in FY 2023 stood at Rs 7,997 crores.
Focus Lighting and Fixtures:
The home electronics and appliances provider listed on the NSE will go ex-split on October 6. The company, in its board meeting held in July this year, approved the stock split of 1 share of face value Rs 10 fully paid up into 5 shares of face value Rs 2 each fully paid up, i.e., a stock split in a 1:5 ratio. Moreover, the record date for the purpose of ascertaining shareholders who will be eligible to receive the split shares has been decided as October 6. Hence, if an investor held 100 shares of Focus Lighting before the split, they will own 500 shares post the split.
The stock of the company was last locked in the 5 per cent upper circuit at Rs 837.3 per share. The stock is a multibagger with a 1-year return of 468 per cent. The stock’s 52-week low and high prices are Rs 147.4 and Rs 837.3 per share, respectively.
Focus Lighting and Fixtures Limited is into providing lighting fixtures. The company’s product range includes recessed adjustable spotlights, recessed downlights, surface-mounted spotlights, surface-mounted or suspended downlights, etc.