Stock split 2022: This week will be full of updates for the stock market investors. This week is the record date for stock split of many companies. Let us know which are the companies whose shares are going to be divided. Along with this, we will also know in what proportion this distribution will happen?
1- When is the record date of HLE Glasscoat?
The company informed the exchange that the board members have fixed the record date as October 19, 2022. The company will trade in the market on 18 October 2022 as X-Split. The board members have approved a 5:1 stock split. Let us tell you, the performance of the company in the year 2022 has been very bad. The share price of the company has come down by 38 percent this year.
2- In what ratio will TPL Plastech be divided into shares?
The board members of this small cap company have approved the distribution of shares in the ratio of 5:1. That is, the face value of shares with a face value of Rs 10 will be reduced by Rs 2. The board members of the company have fixed October 20, 2022 as the record date for the stock split. Let us tell you, the share prices of the company have seen a jump of 17.41 percent this year.
3- Shares of Global Education will also be divided
The board members of Global Education have set the date of 20 October 2022 as the record date. The distribution of shares of the company will be done here also in the ratio of 5:1. Let us tell you, Global Education is one of the few companies whose shares have given tremendous returns this year. The company’s shares have seen a rise of 477.87 percent during the year 2022. At the same time, the share price of the company has increased by 782 percent during the last one year.
4- Axita Cotton has set the record date on 21st
One share of Axita Cotton Limited will be divided into 10 shares. The board members of the company have declared the date October 21, 2022 as the record date. The stock hasn’t disappointed investors with its performance this year either. The company’s share prices have seen a rise of 94.35 percent since June 21.
5- Shares of Anjani Foods will also be divided
The shares of Ajani Foods are going to be split. The date of October 21, 2022 has been fixed for this stock split by the company. According to the information given to the stock exchange, the face value share of Rs 10 will come down to Rs 2. Let us tell you, during the year 2022, the share prices of the company have seen a decline of 22.42 percent.
(Disclaimer: The performance information provided here is not investment advice only. Investing in the stock market is subject to risks and please consult your advisor before investing.)