Next stock split in October; Check the registration date and other details

Why are companies opting for a stock split?

Stock splits are done for a number of reasons. There are, however, two that are the most common. The first concerns the perceived liquidity of a company. When the price of each stock drops by a particular amount – based on the ratio chosen by the company – investors perceive the company’s stock as cheaper and therefore are more likely to buy stocks. The lower the share price, the less dangerous it appears.

If you own a share that splits, you will have more shares after the split. The price per share, meanwhile, is falling. This is because the market capitalization is unchanged. As a result, even if the price per share drops, the total number of shares increases. A company’s outstanding shares are multiplied by the current market price to calculate market capitalization.

Anupam Finserv Equity Division

Anupam Finserv, founded in 1991, is a small cap company in the financial services industry with a market capitalization of Rs 20.45 crore. The company’s annual sales growth of 31.08% exceeded its three-year compound annual growth rate (CAGR) of 4.76%. The stock returned 34.27% over three years, compared to 67.21% for the Nifty Smallcap 100.

From October 6, 2021, Anupam Finserv will divide the face value once. In 2016, Anupam Finserv Ltd. split the face value of its shares from Rs 10 to Rs 1 for the first time. From October 6, 2021, the share will trade ex-split.

Alphalogic Techsys Equity Division

Alphalogic Techsys, founded in 2018, is a small cap company in the computer software industry with a market cap of Rs 56.49 crore. Sales fell 43.79 percent. For the first time in three years, the company’s turnover has declined.

Since October 5, 2021, Alphalogic Techsys Ltd. will divide the face value once. In 2016, Alphalogic Techsys Ltd. divided the face value of its shares from Rs 10 to Rs 5. As of October 5, 2021, the stock has been trading ex-split.

Affle stock split (India)

Affle, founded in 1994, is a mid-cap service industry company with a market capitalization of Rs 14,151.66 crore. On August 26, 2021, a split from shares with a par value of 10.0 to a par value of 2.0 was announced, with a record date of 2021-10-08. Compared to the reported net profit of Rs 134.8 crore, the operating cash flow of Rs 101.62 crore is 0.75 times. The company spent 174.84 crore rupees on investing activities, up 7.43% year-on-year.

DCM Shriram Industries Equity Division

DCM Shriram Industries, founded in 1989, is a small cap sugar related company with a market cap of Rs 840.87 crore. On June 29, 2021, a split from shares with a par value of 10.0 to a par value of 2.0 was announced, with a record date of 2021-10-11. The stock returned 203.2% over three years, compared to 67.21% for the Nifty Smallcap 100. As of October 8, 2021, the stock will trade on an ex-split basis.

JTL Infra Equities Division

JTL Infra, founded in 1991, is a small cap company in the ferrous metals sector with a market capitalization of Rs 948.30 crore. The company’s annual revenue growth rate of 89.26% exceeded its three-year CAGR of 36.91%.

The stock returned 645.64% over three years, compared to 67.21% for the Nifty Smallcap 100. Over a three-year period, the stock returned 645.64%, while Nifty Metal gave investors a gain. by 49.83%.

From October 13, 2021, JTL Infra will divide the face value into 1. From October 13, 2021, the share will trade on an ex-split basis.

Aqua Zeal

Zeal Aqua, founded in 2015, is a small cap aquaculture industry company with a market cap of Rs 100.79 crore. The company has sufficient liquidity to cover its contingent liabilities. The stock returned -47.91% over three years, compared to 67.21% for the Nifty Smallcap 100.

As of October 14, 2021, Zeal Aqua will divide the face value once. From October 14, 2021, the share will trade on an ex-split basis.