1:5, 1:2 Stock Splits Coming Up: 2 Penny Stocks, 1 Smallcap To Turn Ex-Split Soon In March; Find Out!

Its a long que of stocks that are splitting in the second half of March 2024. After the splitting of OK Play India in the ratio of 1:10, and Waaree Renewable Technologies in the ratio of 1:5 this week, three more stocks are awaiting to be split. These are Colab Cloud Platforms, Refex Industries, and United Van Der Horst. These three stocks will split from March 19 to 31st.

To be eligible for these stock splits, investors need to ensure that they are holding the respective company's shares in their demat accounts by end of the record dates. Record dates are set by companies to determine eligible shareholders for their corporate actions either be dividends, bonus issues, and stock splits.

Colab Cloud Platforms Stock Split:

1:5 Stock Split: The company has shifted its record date to Tuesday, 19th March 2024 for sub division/Split of the equity shares of the Company from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten only) each into 5 (Five) equity shares having face value of Rs. 02/- (Rupees Two only) each.

Incorporated in 1989, Colab Cloud Platforms was formerly known as JSG Leasing. However, the name was changed to Colab Cloud Platforms in October 2022. The company is engaged into business of technology and related services.

Year-to-date, Colab Cloud Platforms share price have gained by nearly 176% on BSE. While in six-months, the upside is around 355%.

Currently, the stock is frozen at 2% upper circuit at Rs 182.40 apiece on BSE which is also its new 52-week high. The company's market cap is over Rs 186 crore.

Refex Industries Stock Split:

1:5 Stock Split: Smallcap, Refex Industries, has has fixed Friday, March 22, 2024 as the Record Date for determining entitlement of Equity Shareholders for the purpose of 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 sub divided 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 (CFC's).

YTD, Refex shares gained by merely 4.6% on BSE. But in a year, the stock emerges as multibagger with gains of 156%.

On BSE, last week, Refex Industries share price ended at Rs 660.30 apiece, up by 4.94% with market cap of Rs 1,461.66 crore.

United Van Der Horst:

1:2 Stock Split: The company revised its record date to March 26, 2024, for the purpose of determining the eligibility of shareholders of the Company for Sub-division/Split of each fully and partly paid-up equity share having 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.

UVDHL is engaged in 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.

YTD, the stock has gained by 53%. But in six-months, the upside is nearly 78%. Last week, on BSE, the stock ended at Rs 288.45 apiece, hitting its 5% lower circuit with market cap of Rs 178.15 crore.

Disclaimer: The write-up is just for information purpose, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.