A stock split declaration splits one share of a company into additional shares, but does not affect the company’s market cap, but lowers the share price resulting in adequate liquidity of the stock, whereas a bonus issue is a Announcement made by the company to make additional offerings. This step has been taken to avoid payment of dividend in the form of shares and cash to the shareholders by the company for every share held by the existing shareholders. As a result of these two corporate activities, the following stocks will announce a bonus issue and stock split in the next week of May.
SWAKA BUSINESS MACHINES LIMITED
The Company has informed BSE saying that “The Board of Directors of the Company has fixed Friday, the 27th May, 2022 as the record date for the purpose of Split/Sub-Division of 1 (one) Equity Share, whose Face value Rs.10/- (Rupees ten only) each Rs.10 (Ten) Rs.1/- (Rupees one only) each.”
“Determination of the name of the shareholders, who will be entitled for allotment of bonus equity shares in the ratio of 10 new fully paid-up equity shares of Rs 1/- for every 100 fully paid-up equity shares held by the shareholders of the company,” said Sawaka Business Machines. Said in an exchange filing.
The record date for the purpose of stock split and bonus issue has been set for 27th May 2022, and the stock will become ex-bonus on that date as it is the last trading day of the week. The stock is a multibagger, giving 415.36 per cent return to its shareholders in one year. Share closed on today’s upper circuit 15.10, representing an increase of 4.86 percent over its previous close 14.40
Avexia Lifecare Limited
Evexia Lifecare Limited has announced a stock split of Rs.2/- to Rs.1/- with a record date of 24th May, 2022. The firm produces various petrochemical products like specialty oils, specialty chemicals, petroleum sulphate. Solvents for industrial uses such as rubber, leather, inks and paints, and so on. The stock-in-trade closed down 4.88 per cent today 4.68 per share, as compared to the previous close 4.92. The stock is down 82.60 percent in the past year, and is down 55.93 percent year on year (YTD). The stock has fallen 57.42 per cent in the last six months and 28.55 per cent in the last month. The stock has gained 4.00 per cent in the last five trading days.
Guzchem Distillers India Limited
On Monday, May 02, 2022, a meeting of the Board of Directors of the Company was held, which began at 11.45 AM and ended at 12.30 PM, in that meeting, the Board considered to split 10 for 1 equity share . The Company has informed the BSE stating that its Board of Directors has “considered and fixed the record date in respect of sub-division of one (1) equity share on Friday, the 27th May, 2022, for determining the eligibility of the shareholders.” 10/- (Rupees ten only) each of ten (10) equity shares of face value of Rs.1/- (Rupee one only) SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (‘ In accordance with regulation 42(2) of SEBI Listing Regulations’) and approved by the shareholders through postal ballot.”
Guzchem Distillers India is a multibagger stock for 2022, with the share price rising from 147.70 808.40, resulting in a multibagger return of 447.33 per cent till date (YTD). out of stock 73.30 at current market price 808.40 in the previous year, resulting in a multibagger return of 1,002.86 per cent. Over the past six months, the stock has risen from 148.95 at the current market price, resulting in a multibagger return of 442.73 per cent. The stock closed today with a decline of 4.99 percent from the previous close. 850.90.