What is stock split?
A stock split is a corporate action where a company increases its number of outstanding shares by dividing existing shares into multiple new ones. This lowers the share price proportionally but leaves the company’s overall market capitalization unchanged.
Upcoming Stock Splits 2024
The upcoming stock splits of October 2024 are as follows:
| Company | Old FV | New FV | Announcement | Record Date | Split Date |
| Integrated Industries | 10 | 1 | 14-Aug-24 | 1-Oct-24 | 1-Oct-24 |
| Godawari Power & Ispat | 5 | 1 | 7-Aug-24 | 4-Oct-24 | 4-Oct-24 |
| Real Eco-Energy | 10 | 1 | 11-July-24 | 4-Oct-24 | 4-Oct-24 |
| Jindal Saw | 2 | 1 | 23-Aug-24 | 9-Oct-24 | 9-Oct-24 |
| Rajnish Retail | 5 | 1 | 29-May-24 | 11-Oct-24 | 11-Oct-24 |
| Pondy Oxides & Chemicals | 10 | 5 | 6-Aug-24 | 16-Oct-24 | 16-Oct-24 |
Introduction Of Upcoming Share Split In October 2024
Integrated Industries Limited
Integrated Industries Limited specializes in manufacturing Printed Circuit Boards (PCBs) with advanced capabilities, including fine-line designs and high-density surface mount devices. Located in Gurgaon, Haryana, Integrated Industries Limited produces single-sided, double-sided, and multi-layer PCBs to meet diverse industry needs.
Godawari Power & Ispat Limited
Godawari Power & Ispat Ltd is an integrated steel manufacturer based in Raipur, established in 1999. The company produces sponge iron, steel billets, and ferro alloys, while also engaging in electricity generation and iron ore mining, enhancing its operational efficiency.
Real Eco-Energy Limited
Real Eco-Energy (formerly Hillock Agro Foods) was incorporated in 1993 and focuses on manufacturing and exporting a diverse range of food products, including various flours, pulses, spices, and dairy products, while also engaging in food processing and canning.
Jindal Saw Limited
Jindal SAW Limited (JSL), part of the Jindal Group, is a leading producer of Submerged Arc Welded (SAW) pipes. Established in 1984, the company manufactures pipes for energy, industrial applications, and water transportation across multiple strategic business units.
Rajnish Retail Limited
Rajnish Retail (formerly Sheetal Diamonds) was incorporated in 1994 and specializes in polishing rough diamonds into finished products. Promoted by Vinod Shah and others, it aims to expand by launching a showroom for diamond-studded gold jewelry and silver articles.
Pondy Oxides & Chemicals Limited
Pondy Oxides & Chemicals Ltd (POCL) was established in 1995 to take over the trading business of its partnership firm. Specializing in zinc oxide manufacturing, the company has expanded through joint ventures and subsidiary operations, focusing on marketable products amidst competition.
Stock Split 2024 – FAQs
Yes, the stock price will decrease after a split, but the total value of an investor’s holdings remains the same. The number of shares increases proportionally, balancing out the reduced share price, so the overall market value is unaffected.
Investing in a stock split can be advantageous as it often boosts liquidity and makes shares more affordable, attracting more investors. However, the split itself doesn’t change a company’s fundamentals, so it’s essential to evaluate its overall financial health.
A stock split does not directly affect a company’s profit. It only changes the number of shares and their price, without altering the company’s overall market value, revenue, or earnings per share fundamentals.
The main disadvantage of a stock split is that it doesn’t improve the company’s fundamentals. It may also lead to increased volatility, diluted share value perception, and make it harder for smaller investors to hold significant stakes.
The stocks Integrated Industries, Godawari Power & Ispat, Real Eco-Energy, and Rajnish Retail that are going to split soon can be checked through financial news sources or the announcements sections on stock exchange websites for the most current information.
