1:10, 1:2, 1:5 Splits By Multibaggers: 1 Smallcap, 3 Penny Stocks Splitting Soon; Jumps 140-360% In 1-Year

A host of stocks are set to split in the last 11 days of March month. These are three penny stocks United Van Der Horst, Dhatre Udyog, and Lorenzini Apparels with a market cap below Rs 500 crore, and 1 smallcap stock Refex Industries with a market cap over Rs 1,000 crore. These four stocks are multi-baggers and will split in the ratios of 1:10, 1:5 and 1:2 respectively.

Ahead of their ex-splits, these stocks have started to see a surge in demand, attracting buyers. In a year, their performance has been impressive with gains starting from 140% to more than 360%.

Generally, due to a stock split, the demand for a stock rises, the company's liquidity improves and the respective stock becomes affordable for investors.

Refex Industries Stock Split:

1:5 Stock Splits: Refex Industries, a smallcap company, fixed March 22, 2024, as the Record Date for determining entitlement of Equity Shareholders for sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid up, will be subdivided into 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each.

Refex Industries Limited(RIL) is a specialist manufacturer and re-filler of Refrigerant gases in India, particularly, environmentally acceptable gases that are replacements for Chloro-fluoro-carbons (CFCs).

On March 19, Refex's share price is at Rs 674.90 apiece, marginally up on BSE with a market cap of Rs 1,493.98 crore. In a year, the stock has gained by 187% to date.

United Van Der Horst Stock Split:

1:2 Stock Split: Heavy electrical equipment company, United Van Der Horst fixed March 26, 2024, as the record date for determining the eligibility of shareholders of the Company for Sub-division/Split of each fully and partly paid-up equity share having a face value of Rs.10/- (Rupees Ten Only) each be Sub-divided into 2 (Two) fully and partly equity shares having Face value of Rs.5/- (Rupees Five Only), as approved by the shareholders through Postal Ballot.

Its business comprises Reconditioning, Re-standardizing, Reverse Engineering & Manufacturing services to most of the core sectors such as Marine, Oil Fields, Power Plants, Petrochemicals, Mining and other major processing industries by combining the patented 'Porous Krome' and hard chrome plating techniques with highly specialized welding processes.

Currently, the electrical stock is at Rs 295.50 apiece on BSE, up by 4.82% with a market cap of Rs 182.50 crore. In a year, the stock price has jumped by 245.41%.

Dhatre Udyog Stock Split:

1:10 Stock Split: Steel company, Dhatre Udyog fixed Friday, March 29, 2024, as the record date for determining the eligibility of Shareholders for the purpose of subdivision /split of each equity share having a face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into ten (10) equity shares having face value of Rs. 1/- (Rupee One only) each fully paid-up.

Formerly known as Narayani Steel, Dhatre Udyog has grown tremendously over the years and is now a highly trusted name in the industry. The growing reputation is thanks to the quality of its diverse products including Rebars, MS Grade Angels, Flats, Squares, Rounds, different sized wire rod coils.

At present, the stock price is at Rs 204.90 apiece, up by 5% which is its upper circuit level. Its market cap is at Rs 223.25 crore. In a year, the stock has zoomed by 142.17%.

Lorenzini Apparels Stock Split:

1:10 Stock Split: Apparels maker, Lorenzini Apparels has recently announced the record date for its stock split ratio of 1:10.

The company fixed March 28 as the record date to determine eligible investors for receiving the stock sub-divisions ratio.

Earlier, Lorenzini said that consequent to sub-division/split in face value of Equity Shares from Rs. 10/- each to Re 1/-, resulting in 10 Equity Shares of Re 1/- each for existing 1 Equity Share of Rs. 10/- each, conversion ratio for outstanding warrant stand changed to 1 (one) Warrant is convertible, at the option of the warrant-holder by paying the remaining 75% consideration within the time limit prescribed under the provisions of the SEBI (ICDR) Regulations, 2018, into 10 (Ten) Equity Shares of Re 1/- (Rupee One Only).

Lorenzini Apparels is engaged in the business of manufacturing, designing and marketing readymade garments offering a diverse range of men's formal, semi-formal & casual wear and women's casual wear. The Company serves its customers through the channels of retail and e-commerce.

On BSE, Lorenzini's share price stood at Rs 414.20 apiece, up by 4.97% with a market cap of Rs 419.95 crore. In a year, the stock has jumped by 360.33% as of now.

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