What is stock split?
A stock split is a corporate action that increases the number of outstanding shares while reducing the share price proportionally. For example, in a 2-for-1 split, shareholders receive an additional share for each they own, resulting in a lower price per share without altering total value.
Upcoming Stock Splits 2024
The upcoming stock splits of November 2024 are as follows:
| Company | Old FV | New FV | Announcement | Record Date | Split Date |
| Josts Engineering Company | 2 | 1 | 7-Aug-24 | 15-Nov-24 | 14-Nov-24 |
| Contil India | 10 | 2 | 2-Aug-24 | 15-Nov-24 | 14-Nov-24 |
| Cropster Agro | 10 | 1 | 23-Sep-24 | 8-Nov-24 | 8-Nov-24 |
| Wonder Electricals | 10 | 1 | 22-Aug-24 | 12-Nov-24 | 12-Nov-24 |
| Motisons Jewellers | 10 | 1 | 19-Sep-24 | 9-Nov-24 | 8-Nov-24 |
| Hazoor Multi Projects | 10 | 1 | 26-Jul-24 | 7-Nov-24 | 7-Nov-24 |
| Premier Polyfilm | 5 | 1 | 17-May-24 | 5-Nov-24 | 5-Nov-24 |
| Systematix Corporate Services | 10 | 1 | 9-Aug-24 | 5-Nov-24 | 5-Nov-24 |
Introduction Of Upcoming Share Split In November 2024
Josts Engineering Company
Jost’s Engineering Company, established in 1907, specializes in electrical and mechanical engineering, representing various international manufacturers. It manufactures material handling equipment and has developed new products like diesel forklifts. The company is expanding into exports and software solutions for engineering applications while holding a 35% stake in Kerry Jost Engineering Ltd, which recently halted operations due to financial issues.
Contil India
Contil India Ltd, founded in 1994, specializes in trading equities, mutual funds, and commodities. The company is listed on the Bombay Stock Exchange and operates under the umbrella of an Indian private organization. Krishna H. Contractor serves as the Managing Director, guiding the company’s strategic direction in the financial market.
Cropster Agro
Cropster Agro Limited, originally incorporated as Planters Polysack Limited in 1985, is a professionally managed company focused on manufacturing and trading chemicals, plastics, and packaging products, particularly HDPE/PP sacks. However, due to poor financial conditions, the company has not conducted any business operations recently, and efforts by the Board of Directors have not yielded results.
Wonder Electricals
Wonder Electricals Limited, formerly Wonder Fibromats Limited, was incorporated in 2009 and renamed in 2022. The company specializes in manufacturing ceiling, exhaust, pedestal, and BLDC fans, supplying well-known brands in India. With a state-of-the-art facility in Roorkee, it adheres to ISO 9001:2015 and ISO 14001:2015 standards, ensuring high-quality and durable products.
Motisons Jewellers
Motisons Jewellers Ltd., founded in 1997 as a partnership, became a public company in 2011. Based in Jaipur, it offers a diverse range of gold, diamond, and silver jewellery across four showrooms and online. The company focuses on design innovation, catering to various customer preferences and occasions, while collaborating with local artisans for handcrafted products.
Hazoor Multi Projects
Hazoor Multi Projects Ltd, established in 1992, specializes in real estate and infrastructure development, with shares listed on the Bombay Stock Exchange. The company focuses on quality projects, including a multi-storey residential tower in Pune and an exclusive bungalow scheme near Amby Valley, Lonavala, supported by a skilled team of professionals.
Premier Polyfilm
Premier Polyfilm (PPL), incorporated in July 1992, specializes in manufacturing PVC products, including flooring and special films for pond lining. With a capacity of 16,200 tpa, the company exports to several countries and aims to expand into new markets like America and Australia, focusing on higher value-added items.
Systematix Corporate Services
Systematix Corporate Services, originally founded as Systematix Consultancy Services in August 1985, became public in 1993. Promoted by A K Sethiya and Uttam Chand Nahar, the company specializes in project consultancy, financial assistance, leasing, bill discounting, and public issue management. It raised funds through a public issue in April 1994 to expand its services and establish offices in key cities.
Stock Split 2024 – FAQs
Typically, a stock price does not fall after a split; it is adjusted to reflect the new number of shares outstanding. However, investor sentiment and market conditions can influence post-split prices. It’s essential to analyze broader market trends rather than relying solely on the split itself.
Investing in a stock after a split can be advantageous, as it often increases liquidity and accessibility for more investors due to lower share prices. However, it’s essential to evaluate the company’s fundamentals and market conditions, as splits do not guarantee future performance.
No, a stock split does not directly impact a company’s profit or financial performance. It merely changes the number of shares outstanding and their price per share. However, it can influence investor perception and market liquidity, potentially affecting stock demand and trading volume.
Stock splits can create confusion among investors, as they may perceive a lower price per share as a reduction in value. Additionally, splits do not impact the company’s fundamentals, and excessive splits can lead to diminished investor confidence over time.
Several companies are set to split their stocks soon, including Alphabet Inc. (GOOGL) on November 14, 2024, and Tesla Inc. (TSLA) on November 27, 2024. These splits may affect share prices and present new investment opportunities for traders and investors alike.
Disclaimer: The above news is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
