2 Smallcap Stocks Set To Initiate Stock Split This Week, Check Details & Share Performances

When a company decides to increase its number of outstanding shares, it will announce a stock split. With a stock split, the company's share price will fall and it will be more affordable for new investors. Here, 2 smallcap companies have been discussed that are set to initiate stock split this week. Check details here.

Dev Information Technology Ltd.

The board of Dev Information informed NSE about its record date for stock split is set to be this week. The company has fixed Friday, 25th November, 2022, as the Record Date to ascertain the shareholders entitled for the purpose of sub-division of 1 fully paid-up Equity Share of the Company having face value of Rs. 10 each, into 2 fully paid-up Equity Share having face value of Rs. 5 each fully paid-up. The current market price of the stock stood at Rs. 223.95 a piece on NSE, at the time of writing.

Stock performance: Dev Information Technology

In the last 1 month, its share price fell by 5.31%, but in the last 6 months its share price surged by 16.07%, while in the last 1 year its share price gained by 68.19%. Additionally, this stock has given 79.52% return to the shareholders in the last 5 years. The 52-week high level of this stock is Rs. 254.60, and the 52-week low level of this stock is Rs. 102.50. It is a small-cap company with Rs. 247 crore market capitalization.

Mafatlal Industries Ltd

The board of Mafatlal Industries Ltd. informed BSE about its record date for stock split is set to be this week. The Company has fixed Friday, 25th November, 2022 as the Record Date for determining the eligibility of shareholders, with regards to the Subdivision (Split) of existing Equity Shares of the Company from 1 equity share having a face value of Rs. 10 each into 5 Equity Shares of face value of Rs. 2 each. The current market price of the stock stood at Rs. 326 a piece on BSE, at the time of writing.

Stock performance: Mafatlal Industries

In the last 1 month, its share price fell by 1.66%. But in the last 6 months its share price gained by 68.34%, while in the last 1 year its share price increased sharply by 92.90%. The 52-week high level of this stock is Rs. 408, and the 52-week low level of this stock is Rs. 153.55. It is a small-cap company with Rs. 459 crore market capitalization.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock-related information about the companies.