3 Small, Mid Cap Stocks To Consider Bonus Issue, Stock Split, Interim Dividend: Should You Buy?

3 Stocks announced that they will soon consider issuance of bonus issue, stock split, and interim dividend. These stocks are Akashdeep Metal Industries Ltd (stock split), KPI Green Energy Ltd (bonus issue), and Can Fin Homes Ltd (interim dividend).

The announcements are made on November 23 and November 24, 2022. It is worthwhile to know whether you should invest in these stocks to avail bonus shares, interim dividend, and stock split. Check details below:

1. Can Fin Homes Ltd To Consider Interim Dividend On Nov 28

The board of Can Fin Homes announced today that it will consider issuance of interim dividend.

According to its BSE filing, this is to inform that a meeting of Board of Directors of the Company is scheduled to be held on Monday, November 28, 2022, inter-alia, to consider a proposal for payment of 'Interim Dividend' for financial year 2022-23 and to fix 'Record date' for the purpose of payment of Interim Dividend, if any."

Can Fin Homes Stock Outlook And Return: The last trading price of the stock is Rs 524 apiece. The mid-cap NBFC company has a market capitalisation of Rs 6984 crore. It has given 33% maximum return in last 3-years.

Should you buy Can Fin Homes? According to leading brokerage Keynote Capitals Ltd, "The Company has a strong growth history and best-in-class asset quality across various industry phases driven by excellent risk management techniques. We believe that CFHL will grow its loan book at 18-20% in the foreseeable future and maintain its robust asset quality. Given the strong business outlook, we ascribe an adjusted P/B multiple of 2.2x to FY24E adjusted Book Value resulting in a target price of Rs. 670 and an upside of ~27% from the CMP."

So if you buy the stock now, you will get potential return of 28%.

2. KPI Green Energy Ltd Shares Jump On Bonus Issue Proposal

The board of directors of KPI Green stated in the BSE filing on November 24, 2022, "KPI Green Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/11/2022, inter alia, to consider and approve the proposal for issue of bonus equity shares and Other business matters. intimation is attached herewith."

The shares jump 5.86% on BSE soon after the bonus issue announcement.

KPI Stock Outlook & Return: The last trading price of the stock is 900 apiece. It has a market capitalisation of Rs 1626 crore. The stock has given 302% return in last 1-year. The small cap company operates in Power sector.

3. Akashdeep Metal Industries Ltd To Consider Stock Split

Board of directors of the small cap company stated on November 23, 2022 in the regulatory filing, "Akashdeep Metal Industries Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/12/2022 ,inter alia, to consider and approve 1.proposal for sub-division(split) of the Equity Shares of the company in such manner as may be determined by the Board of Directors and matters thereto; 2. alteration in the Authorised Share Capital clause of the Memorandum of Association of the Company; 3. proposal for appointment of Mr. Sunil Kumar Malik (DIN: 00143453) as an Additional Non- Executive Non-Independent Director."

Akashdeep Metal Industries Stock Outlook & Return: The last trading price of the stock is Rs 121 apiece with an intraday decline of 3.11%. The Financial Services sector stock has given 144% return in last 1-year. It has jumped 200% in last 5-years. The small cap company was incorporated in 1983.

 

Disclaimer

The stocks provide details related to bonus share, stock split, and interim dividend. Greynium Information Technologies, the Author, and the respective Brokerage House, Keynote Capitals Ltd are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.