September Stock Split: Three Small-Cap Stocks To See Stock Split

Three stocks will soon witness stock split. These companies are Ritesh Properties and Industries Ltd, Savita Oil Technologies Ltd, and Pressure Sensitive Systems (India) Ltd.

What Is Stock Split?
When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines.

The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.

Check the key takeaways below:

Ritesh Properties and Industries Ltd

The board of directors of the small-cap company announced in its regulatory filing, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, my 2015 and relevant provisions of the Companies Act, 2013 and rules made thereunder, notice is hereby Rk given that the Company has fixed Saturday, September 03, 2022 as the 'Record Date' for po subdivision/split of face value of the equity shares of the Company from face value of Rs. 10/- per = share to face value of Re. 1/- per share."

Ritesh Properties and Industries Ltd Stock Outlook, About, and market Capitalization

The current market price of the stock is Rs 505 apiece with a 52-week high of Rs 555 apiece and 52-week low at Rs 148 apiece.

The stock has given a return of 7680% in the last 5 years, 3787% return in last 3 years, and 159% return in last 1 year.

The company has a market capitalization of Rs 1127 crore.

It was incorporated in the year 1987. The small-cap company operates in real estate sector.

Savita Oil Technologies Ltd

The company's board of directors in its regulatory filing stated, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at its meeting held today has fixed Friday, 2nd September, 2022 as the 'Record Date' for determining the eligibility of Shareholders for the purpose of sub-division of equity shares of the Company."

Savita Oil Technologies Ltd Stock Outlook, About, and Market Capitalization

The current market price of the stock is Rs 1605 apiece. Its 52-week high is Rs 1719 apiece and 52-week low is Rs 920 apiece.

The company has a market capitalization of Rs 2,219.37 crore.

It is a small-cap company and incorporated in the year 1961. It operates in Petrochemicals sector.

Pressure Sensitive Systems (India) Ltd

The board of director of the company on August 24, 2022, "Proposed, sub-division/split of 1 (One) equity share of the Company having face value of Rs. 10/- each into 10 (Ten) Equity Shares having face value of Re. 1/- each (i.e. Total 14836200 Fully Paid Up Equity Shares of the Company having face value of Rs. 10/ -each into resulting 148362000 Fully Paid Up equity shares of face value of Re. 11 - each) at a record date to be determined by the Board of Directors later on and subject to the approval of shareholders to be obtained by Remote E-Voting at the ensuing Annual General Meeting ("AGM")."
The record date for the split/ sub-division of shares will be intimated in due course.

Pressure Sensitive Systems (India) Ltd Stock Outlook, About, And Market Capitalization

The current market price of the stock is Rs 68 apiece. Its 52-week high is Rs 68.50 apiece and 52-week low is Rs 12.04 apiece.

The company has a market capitalization of Rs 101.63 crore. The stock gained 189% in the last 3 months and 27% in last 1 week.

It is engaged in the production of all types of coated products like self-adhesive tapes.