3 upcoming stock splits & 1 bonus issue to look at next week

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Stock splits announcement divide a company’s one share into additional shares, but doesn’t affect the market cap of the corporate but lowers the share price which ends in enough liquidity of the stock, whereas a bonus issue is an announcement made by a corporation to supply additional shares for every share held by the present shareholders and this step is taken by a corporation to avoid paying a dividend in cash form to the stockholders. As a result of these two corporate activities, the subsequent stocks will announce bonus issues and stock splits within the next week of May.

Sawada Business Machines Ltd

“Determining the names of Shareholders who shall be entitled to allotment of bonus equity shares within the ratio of 10 new fully paid-up equity shares of Rs.1 /- each for each 100 fully paid-up equity shares held by the shareholders of the corporate,” Sawaca Business Machines has said in an exchange filing.

The stock could be a multi-bagger, having returned 415.36 percent to its stockholders in one year. The stock closed today at an upper circuit of ₹15.10, representing a 4.86 percent increase over its previous close of ₹14.40.

Evexia Lifecare Ltd

Evexia Lifecare Ltd has announced a split from Rs.2/- to Rs.1/-, with a record date of legal holiday, 2022. The firm produces a range of petrochemical products like special oils, special chemicals, petroleum sulfates, solvents, then on for industrial uses like rubber, leather, ink, and paint. The stock-in-trade today closed 4.88 percent down at ₹4.68 per share, compared to the previous close of ₹4.92. The stock has dropped 82.60 percent within the last year, and it’s down 55.93 percent year to this point (YTD). The stock has fallen 57.42 percent within the last six months and 28.55 percent within the last month. The stock has risen 4.00 percent within the previous five trading days.

Gujchem Distillers India Ltd

On Monday, May 02, 2022, a gathering of the Company’s Board of Directors was conducted, which began at 11.45 a.m. and ended at 12.30 p.m. 10/- (Rupees Ten only) each into Ten (10) equity shares of the face value of Re. 1/- (Rupee One Only) each in terms of Regulation 42(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) and as approved by the shareholders through postal ballot.”

Gujchem Distillers India could be a multibagger stock for 2022, with the share price rising from ₹147.70 to ₹808.40, leading to a multi-bagger return of 447.33 percent year to this point (YTD). The stock has risen from ₹73.30 to the present market value of ₹808.40 within the previous year, leading to a multibagger return of 1,002.86 percent. Within the previous six months, the stock has risen from ₹148.95 to this market value, leading to a 442.73 percent multibagger return. The stock closed today with a 4.99 percent drop from the previous close of ₹850.90.

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