Upcoming Stock Splits: 6 Stocks To Turn Ex-Split This Week Starting From 5-8th November

The U.S. Presidential Election, whose outcome is expected on November 5, and important macroeconomic data will steer the market this week, but Dalal Street will be bustling as investors monitor companies trading ex-split from November 5 to November 8. An ex-split happens when a company's stock starts trading at its new face value per share following a stock split. This is known as the day on which the stock starts trading at its adjusted price. By increasing the number of shares, a firm can lower the price per share and make it more attractive to investors while maintaining the same overall value. This is known as a stock split which also results in boosting liquidity of the trading activity of the stock. Here are the 6 stocks which are going to trade ex-split this week.

Premier Polyfilm

Premier Polyfilm Ltd is a small-cap company in the capital goods sector with a market cap of Rs 652.96 Cr. On Friday, the shares of Premier Polyfilm ended 1.05% higher at Rs 311.70 on BSE.

Premier Polyfilm has fixed Tuesday, 05th November 2024 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the purpose of sub-division of 1 equity share of face value of Rs. 5/- each fully paid-up to 1 equity share of face value of Rs. 1/- each fully paid-up.

"Upon sub-division of equity shares, as aforesaid, subject to the provisions of the Companies (Share Capital and Debentures) Rules, 2014, the subdivided equity shares of nominal value of Rs. 1/- (Rupee One only) each shall be credited to the respective beneficiary account of the Members with their respective depository participants and the Company shall undertake such corporate actions as may be necessary in relation to the existing equity shares of the Company," said Premier Polyfilm in a stock exchange filing.

Systematix Corporate Services

Since 1985, Systematix Group has provided a broad range of services and products in investment banking, mutual fund services, stock broking, research, and financial portfolio management. The firm is a Dalal Street's small-cap stock with a market value of Rs 2,297.51 Cr.

For the purpose of sub-division/Split of 1 equity share of the company having face value of Rs 10/- each into 10 equity shares having face value of Rs 1/- each, the company has fixed Tuesday, November 05, 2024 as the record date.

"Systematic Corporate stock price is bullish on the Daily charts with next resistance at 1870. Investors should be booking profits at current levels as a Daily close below support of 1727 could lead to a target of 1490 in the near term," said A R Ramachandran, Independent Research Analyst.

Hazoor Multi Projects

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, we wish to inform you that the Board of Directors of the Company has fixed Thursday, November 07, 2024 as the Record Date for Determining the eligibility of Shareholders with regard to the Company for sub-division/split of 1 (one) Equity Shares of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares having face value of Re. 1/- (Rupee One) each as approved by the shareholder's in the 32nd Annual General Meeting held on August 27, 2024," said the company in a stock exchange filing.

On Friday, the shares of Hazoor Multi Projects ended 4.83% higher at Rs 517.20 apiece with a market cap of Rs 1,016.32 Cr. The scrip reached a 52-week-high of Rs 639.00 on (12/09/2024) and a 52-week-low of Rs 119.15 on (02/11/2023).

Motisons Jewellers

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, we wish to inform you that subject to the shareholders' approval to be obtained through postal ballot, the Board of Directors of the Company has fixed Record Date as mentioned below in the table for the purpose of sub-division/split of 1 (one) Equity Share of the Company having face value of Rs. 10/- each into 10 (Ten) Equity shares of the company having face value of Re. 1 each," said Motisons Jewellers in a stock exchange filing.

Motisons Jewellers' net profit increased 100.77% to Rs 10.40 crore in the September 2024 quarter from Rs 5.18 crore in the September 2023 quarter. In the quarter that ended in September 2024, sales increased 21.30% to Rs 109.34 crore, up from Rs 90.14 crore in the quarter that ended in September 2023.

Roto Pumps

"Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company has fixed Friday, November 08, 2024 as the Record Date to ascertain the eligibility of Shareholders for the purpose of sub-division / split of Equity Share having face value of Rs. 2/- (Rupees Two only) each, fully paid-up into 2 (Two) Equity Shares having face value of Re. 1/- (Rupee One only) each fully paid-up," Roto Pumps stated in a BSE filing.

With a market valuation of Rs 1,770.92 Cr, Roto Pumps' shares closed Friday 1.96% higher at Rs 563.85 per. With operations on five continents and a rich history spanning more than 50 years, Roto Pumps is a publicly traded corporation. Roto Pumps, the first manufacturer of Progressive Cavity Pumps in India, was founded in 1968 and is well-known for offering dependable and effective pumping solutions to a wide range of industries, including mining and explosives, wastewater, paper, paint, oil and gas, chemicals and process, ceramics, food and beverage, renewable energy and power, and marine and defence, among many others.

Cropster Agro

For the purpose of 10 to 1 i.e. sub-division of 1 equity share of the face value of Rs. 10/- each fully paid-up into 10 equity shares of the face value of Rs. 1/- each fully paid-up, the company has fixed Friday, 08th November, 2024 as the record date.

"With reference to captioned subject, notice is hereby given under regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 that a meeting of the Board of Directors will be held on Tuesday, 12th November, 2024 to consider the following matters: 01. To consider and approve Unaudited Financial Results of the Company for the Quarter and half year ended on 30th September, 2024 and Limited Review Reports as per regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 02. Any other items with the permission of chairperson," said the company in a stock exchange filing.