A stock split announcement divides a company’s one share into additional shares, but does not affect the company’s market cap, but lowers the share price, resulting in sufficient liquidity of the stock, whereas a bonus issue announcement is an announcement made by a company to offer additional shares for each share held by existing shareholders, and this step is taken by a company to avoid paying a dividend in cash form to stockholders.
The following stocks will announce bonus issues and stock splits in the coming week of May as a consequence of these two business operations.
Sawaca Business Machines Ltd
“The Board of Directors of the Business has selected Friday, May 27, 2022, as the Record Date for the purpose of Split/Sub-Division of 1(One) equity share having face value of Rs.10/-(Rupees Ten Only) each into 10(Ten) of Rs.1/-(Rupees One Only) each,” the company said in a statement to the BSE.”
“Determining the names of Shareholders who would be eligible for bonus equity shares in the ratio of 10 new fully paid-up equity shares of Rs.1 each for every 100 fully paid-up equity shares owned by the Company’s shareholders, “In an exchange filing, Sawaca Business Machines stated.
The record date for the stock split and bonus issue has been scheduled for May 27, 2022, and the shares will become ex-bonus on that date because it is the final trading day of the week. The stock is a multibagger, with a one-year return of 415.36 percent to shareholders. The stock finished the day at an upper circuit of ₹15.10, up 4.86 percent from its previous closing of ₹14.40.
Evexia Lifecare Ltd
With a record date of May 24, 2022, Evexia Lifecare Ltd has declared a stock split from Rs.2/- to Rs.1/-. For industrial purposes such as rubber, leather, ink, and paint, the company manufactures a variety of petrochemical goods such as special oils, special chemicals, petroleum sulphates, solvents, and so on. The stock-in-trade today finished 4.88 percent down at ₹4.68 a share, down from ₹4.92 the day before. The stock has lost 82.60 percent in the previous year and is down 55.93 percent so far this year (YTD). In the previous six months, the stock has down 57.42 percent, and in the last month, it has dropped 28.55 percent. In the preceding five trading days, the stock has increased by 4%.
Gujchem Distillers India Ltd
A meeting of the Company’s Board of Directors was held on Monday, May 02, 2022, beginning at 11.45 a.m. and ending at 12.30 p.m. The Board discussed dividing 10 for 1 equity share at that meeting. The company informed BSE that its board of directors “considered and fixed the record date as Friday, May 27, 2022 for determining the eligibility of Shareholders, with regard to the Sub-Division of the one(1) Equity share of face value of Rs. 10/- (Rupees Ten Only) each into Ten (10) equity shares of face value of Re. 1/- (Rupee One Only) each in terms of Regulation 42(2) of SEBI (Listing Obligations and Disclosure.
Gujchem Distillers India is a multibagger stock for 2022, with the share price growing from 147.70 to 808.40, resulting in a year-to-date multibagger return of 447.33%. (YTD). In the preceding year, the stock rose from 73.30 to the current market price of 808.40, resulting in a multibagger return of 1,002.86 percent. The stock has climbed from 148.95 to the current market price in the preceding six months, resulting in a 442.73 percent multibagger return. The stock finished today at 850.90, down 4.99 percent from the previous close.