Tata Investment Corp, Welcure Drugs Among 7 Stocks To Watch Ahead of Diwali For Stock Split & Bonus Shares

The upcoming Diwali celebration, which falls on Amavasya Tithi, which begins on October 20 at 3:44 PM and finishes on October 21 at 5:54 PM, instills optimism and wealth creation in the stock market as investors are keeping a careful eye on a few stocks poised for potential valuation adjustments and increased liquidity.

7 major stocks—including popular names like Tata Investment Corporation (TICL) and Welcure Drugs—that are generating attention with impending corporate actions like stock splits and bonus share offerings are the subject of this article.

In order to take advantage of these joyous market opportunities, we explore the specifics of the announced stock splits and bonus issues for these firms, looking at the key dates, ratios, and trading recommendations from analysts.

Tata Investment Corporation

• Corporate action: Stock Split From Rs.10/- to Rs.1/- or subdivision of existing 1 equity share of face value of Rs. 10/- each fully paid up into 10 equity shares of face value of Re. 1/- each fully paid up.
• Record date: 14th October
• Ex-date: 14th October

Tata Investment Corp Target Price

"Tata Investment continues its strong uptrend, sustaining above key moving averages with higher highs and firm volumes. The RSI indicates steady bullish momentum, while MACD remains in positive territory, confirming trend strength. The stock shows accumulation near ₹8800-₹9000, offering a healthy risk-reward. Momentum traders can maintain a buy-on-dips strategy with a stop loss at ₹8700 and targets of ₹9400-₹9600," commented Riyank Arora technical analyst at Mehta Equities Ltd.

Globe International Carriers

• Corporate action: sub-division / split of each equity share of face value of Rs.10/- each fully paid-up into 2 equity shares of face value of Rs. 5 /- each, fully paid-up and also issue of bonus shares in the ratio of 1:1 i.e. 1 new fully paid-up equity share of Rs. 5/- each for every 1 existing fully paid-up equity share of Rs. 5/- each.
• Record date: Wednesday 15th October
• Ex-date: 15th October

Globe International Carriers Target Price

"Globe International stock price is bullish but also overbought on the Daily charts with next resistance at 193. Investors should be booking profits as a Daily close below support of 170 could lead to a target of 155 in the near term," commented A R Ramachandran, Independent SEBI registered Research Analyst.

Welcure Drugs & Pharmaceuticals

• Corporate action: Bonus issue 1:10 and Stock Split From Rs.10/- to Rs.1/- or sub-division of 1 equity share of face value of Rs. 10/- each fully paid-up to 10 equity shares of face value of Rs. 1/- each fully paid-up.
• Record date: 16th October
• Ex-date: 16th October

Welcure Drugs Target Price

"Welcure Drugs stock price is bullish on the Daily charts with strong support at 6.64. A Daily close above resistance of 7.78 could lead to a target of 9.77 in the near term," said A R Ramachandran.

Sunrakshakk Industries India

• Corporate action: Stock Split From Rs.10/- to Rs.2/- or sub-division of one equity share of face value of Rs. 10/- each into 5 equity shares of face value of Rs.02/- each.
• Record date: 17th October
• Ex-date: 17th October

Sunrakshakk Industries India Target Price

"SUNRKSHakk Industries stock price is bearish & also overbought on the Daily charts with strong resistance at 1369. Investors should be booking profits as a Daily close below support of 1229 could lead to a target of 1029 in the near term," said A R Ramachandran.

A B Infrabuild

• Corporate action: Stock Split From Rs.10/- to Rs.1/-
• Record date: 17th October
• Ex-date: 17th October

A B Infrabuild Target Price

"AB InfraBuild stock price is bearish on the Daily charts with strong resistance at 207. A Daily close below support of 195 could lead to a target of 180 in the near term," commented A R Ramachandran, Independent SEBI registered Research Analyst.

Gokul Agro Resources

• Corporate action: Stock Split From Rs.2/- to Rs.1/- or sub-division/ split of existing 1 equity share of face value of Rs. 2/- each fully paid into 2 equity shares of face value of Rs. 1/- each fully paid up.
• Record date: 14th October
• Ex-date: 14th October

Gokul Agro Resources Target Price

"Gokul Agro stock price is bearish on the Daily charts with strong resistance at 388. A Daily close below support of 360 could lead to a target of 321 in the near term," commented A R Ramachandran, Independent SEBI registered Research Analyst.

Rolex Rings

• Corporate action: Stock Split From Rs.10/- to Rs.1/- or sub-division of face value of equity shares from Rs. 10/- each to Re. 1/- each fully paid up.
• Record date: 17th October
• Ex-date: 17th October

Rolex Rings Target Price

"Rolex Rings stock price is slightly bullish on the Daily charts with strong support at 1308. A Daily close above resistance of 1358 could lead to a target of 1450 in the near term," commented A R Ramachandran, Independent SEBI registered Research Analyst.

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