Before the stock market opens, market watchers must be aware of corporate announcements covering bonus issues and stock splits. Continental Securities Limited and Vivanza Biosciences Limited will conduct pre-split trading while Magellanic Cloud Limited and Growington Ventures India Limited will conduct pre-bonus trading.
A stock split increases the number of shares of a company’s stock without changing shareholders’ equity. Companies often split their shares of stock to make them more affordable for investors. Unlike issuing new shares, a stock split does not dilute the ownership interests of existing shareholders.
For example, if you own 1000 shares of a company that trades 100 per share and the company announces a two-for-one stock split, you will own 2000 shares. 50 per share immediately after the split.
These stocks will trade X-split:
A) continental securities Ltd: Company announced stock split since 10 2, and set March 20, 2023 as the record date for the same. The stock will be ex-split on March 20.
Shares of Continental Securities closed down 2.82 per cent on Friday. 40.33 on BSE. The stock has gained 55.12 per cent in the last one year.
b) Vivanza Biosciences Ltd: Company announced stock split since 10 1, i.e. 1:10 ratio, and fixed March 24, 2023 as the record date for the same. The stock will be ex-split on March 24.
Vivanza Bisociences shares closed on Friday 207.80 on BSE. The stock has fallen 5.22% in last 1 year and on YTD basis, it has fallen 9.74% in 2023 so far.
Bonus shares are additional shares that a firm issues to its existing shareholders on the basis of shares owned by them. Bonus shares are issued at no additional cost to the shareholders.
c) Magellanic Cloud Limited: The company has announced a bonus issue of shares in the ratio of 3:1 and the record date is March 21, 2023.
d) Growington Ventures India Limited: The company has announced a bonus issue of shares in the ratio of 24:100 and the record date is March 25, 2023. The stock will become ex-bonus on March 24, 2023.
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