sigachi industries

sigachi industries

Sigachi Industries, along with other companies like MRP Agro Ltd, is set to trade ex-split and ex-bonus in the upcoming week, starting from Monday, October 9, as per data from the Bombay Stock Exchange (BSE). Notably, there are no stocks scheduled to trade ex-dividend during this period.

sigachi industries
image credit: outlook india

A stock split, a corporate action often undertaken by companies, involves increasing the number of outstanding shares to enhance liquidity. Additional shares are issued to existing shareholders, effectively increasing the total number of shares by a predetermined ratio based on their previous holdings. Importantly, while the number of shares outstanding multiplies by a specific factor, the total overall value of all outstanding shares remains unchanged, as a stock split does not fundamentally alter the company’s intrinsic value.

sigachi industries

Common stock split ratios include 2-for-1 or 3-for-1, typically denoted as 2:1 or 3:1. This signifies that for every share held prior to the split, shareholders receive two or three shares, respectively, after the split. In contrast, a reverse stock split involves reducing, rather than increasing, the number of outstanding shares, resulting in an upward adjustment of the share price.

sigachi industries

On the other hand, a bonus issue, another corporate action, offers existing shareholders the opportunity to subscribe to additional shares in lieu of an increased dividend payout. For instance, a company may decide to grant one bonus share for every ten shares held by a shareholder.

Here are the stocks that have declared stock splits for the upcoming week:

  • Sigachi Industries: The company will trade ex-split on October 9 and has declared a stock split from ₹10 to ₹1.
  • Gujarat Themis Biosyn: The company will trade ex-split on October 10 and has declared a stock split from ₹5 to ₹1.
  • Themis Medicare: The company will trade ex-split on October 10 and has declared a stock split from ₹10 to ₹1.

Additionally, the following stocks have declared bonus issues for the upcoming week:

  • Jonjua Overseas Ltd: The company will trade ex-bonus on October 10 and has announced a bonus issue in the ratio of 9:50.
  • Advance Lifestyles: The company will trade ex-bonus on October 13 and has declared a bonus issue in the ratio of 1:1.
  • MRP Agro: The company will trade ex-bonus on October 13 and has announced a bonus issue in the ratio of 2:1.
  • RMC Switchgears Ltd: The company will trade ex-bonus on October 13 and has declared a bonus issue in the ratio of 1:2.

These corporate actions offer investors opportunities to adjust their holdings and potentially benefit from the changes in share structure and dividend distribution.

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