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 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. As a result of these two corporate actions, the following stocks will announce bonus issues and stock splits in May.
Sawaca Business Machines Ltd
The business informed BSE that the Board of Directors of the Company has set Friday, May 27, 2022, as the Record Date for the purpose of splitting/subdividing 1(one) equity share with a face value of Rs.10/- (Rupees Ten Only) each into 10(Ten) of Rs.1/- (Rupees One Only) each. The record date for stock split and bonus issue has been set for May 27, 2022, and the shares will become ex-bonus on that date because it is the last trading day of the week. The stock is a multibagger, having returned 415.36 percent to shareholders in a single year. The stock closed today at an upper circuit of 15.10, up 4.86 percent from its previous closure of 14.40.
Evexia Lifecare Ltd
Evexia Lifecare Ltd has declared a stock split of Rs.2/- to Rs.1/- with a record date of May 24, 2022. The company manufactures a wide range of petrochemical goods for industrial applications such as rubber, leather, ink, and paint, including special oils, special chemicals, petroleum sulphates, solvents, and so on. The stock-in-trade today closed 4.88 percent lower at $4.68 per share, down from $4.92 the day before. The stock has down 82.60% in the last year and is down 55.93% year to date (YTD). The stock has dropped 57.42% in the last six months and 28.55% in the last month. In the preceding five trading days, the stock had increased by 4%.
Gujchem Distillers India Ltd
The Board considered splitting 10 for 1 equity share on Monday, May 2, 2022. Gujchem Distillers India is a multibagger stock for 2022, with the share price rising 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 closed today at 850.90, down 4.99 percent from the previous close.
