Last Updated on Jun 17, 2022 by Aradhana Gotur
Stock split and bonus issues are both corporate actions. While a stock split means dividing each equity share into additional shares, it does not impact the market cap of the company. However, it reduces the price per share, resulting in the liquidity of the stock. Further, a bonus issue is when a company announces offering additional shares for each share that an existing shareholder owns.
The following companies have announced the record date for stock split and bonus shares this week.
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1. Sawaca Business Machines Ltd
The Board of Directors has earmarked Friday, 27 May 2022, as the record date for stock split and bonus issue. Each equity share having a face value of Rs 10 will be split into 10 shares of Re 1 each. The stock will go ex-bonus on the said date. The company is engaged in trading metal scraps and cotton bales and exports. Sawaca Business Machines Ltd is a multibagger stock, giving a 415.36% return to its shareholders in a year.
2. Evexia Lifecare Ltd
The record date for the stock split of Evexia Lifecare Ltd is set for 24 May 2022. Each share with a face value of Rs 2 would be split into a share of Re 1. The company is engaged in producing petrochemical products such as special chemicals, petroleum sulphates, solvents, special oils, and so on. These are used in rubber, leather, ink, and paint. The stock has fallen 82.60% in the last year and is down 55.93% year to date. It has increased/decreased to 57.42% over the previous six months and 28.55% last month.
3. Gujchem Distillers India Ltd
The Board of Directors is considering splitting 10 equity shares of Rs 10 into one share having a face value Re 1 each. The record date is set for 27 May 2022. Gujchem Distillers India Ltd is a multibagger stock, having returned 447.33% year to date. In the previous year, the stock has given a return of 1,002.86%. In the last six months, the stock has returned 442.73%.
