1 Bonus Issue And 1 Stock Split Lined Up For August 2022

Every month we witness some corporate actions which may increase our shareholding in a stock as in the case of bonus issue or stock split, likewise here is 1 bonus share issue and 1 stock split lined up for August 2022

REC

The Navratna CPSE firm is categorised as a term lending institution. The firm has effectively been using its capital employed with RoCE improving.

Also, its RoE is logging a continuous increase from Fy2022 and is at 19.55% as in 2022.

The firm's net profit for the March ended quarter has declined sequentially to Rs. 2287.88 crore.
The firm on June 30, 2022 announced bonus issue in the ratio of 1:3 which means eligible shareholders with shareholding in the scrip as on August 18, 2022 will get 3 share of REC for every 1 share held by them.

The company has also a good dividend yield of 11.68%.

High Energy

This is a small cap company from the batteries space. The company's hi-tech batteries find application in Army, Navy, Airforce and Launch Vehicles. The company is also into exporting its product line. The product range of the company includes Aircraft Batteries,Helicopter Batteries,Torpedo Batteries,Aerospace Batteries,Industrial Nickel Cadmium Cells,Launch Vehicle Applications,Rail Road & UPS Batteries and Batteries for Other Applications..The company also in the business activities of Lead Acid Storage Batteries, Aerospace, Naval & Power System Batteries.

The company will trade ex-split or its split date is August 8, 2022. The company shall split in face value from the old face value of Rs. 10 to the new face value of Rs. 2.

The company's last traded price is Rs. 1671.1 per share on the BSE.

Disclaimer

The above stock list is collated just for informing about the likely scheduled corporate action in respect of them. Investors should not construe the report as an investment advice into the above stocks.