2 Stocks to Watch Out For Stock Split And Dividend Announcement

Now as we have entered into the new quarter, earnings season shall take off from today with TCS announcing its results. Likewise, apart from the regular board meetings for quarterly results, there shall also be mulled board meets for stock split and dividend. So, here are 2 companies that shall meet for stock split and dividend. Here below are the details on the same:

Alfavision Securities

The company from the finance-leasing and hire purchase space in trade on July 7, 2022 hit the 52-week high price. The stock's last traded price is Rs. 152.25 per share is listed on the BSE.

Previously known by Alfavision Overseas, this is a Indore (MP) based company. Started initially as a financial services company, the company then moved on to tread in cultivation, metals and mining and also in cotton yarn.

The scrip is a multibagger with 1-year return of 263%.

The company on June 22, 2022 via an exchange filing informed of the stock split to be mulled for its shares. The release by the company said, "the meeting of the Board of Directors of the Company is scheduled on 08/07/2022 ,inter alia, to consider and approve proposal for sub-division of the Equity shares of the Company having a face value of Rs 10/- each, in such manner as may be determined by the Board of Directors, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company and to transact any other business with the permission of the Chair.

Railtel

The company shall meet today for deciding on final dividend for Fy22. It is a zero debt company with outstanding order book. Railtel Corp Of India Ltd is a provider of broadband and VPN services. The Company also provides Telecom & IT infrastructure consultancy services. The Company was founded in September 2000 and is located in New Delhi, India.

Its a low PE stock. Though this far, the company has not shown any remarkable gains for its shareholders, it recent order win as well as the latest financials hold promise.

The company's peers include the likes of Tata Communications, Bharti Airtel an NELCO.

Disclaimer

The above stocks are listed for their likely today on two of the specificed corporate action. It should be considered as a nudge to buy in these scrips.