Here is the list of upcoming stock splits in India. These companies have announced their stock split recently.
POCL ENTERPRISES, HEG and HUMMING BIRD EDUCATION are among the companies which have declared stock split in October 2024.
A stock split is a corporate action which divides the face value of the outstanding shares of a company, thus increasing the number of shares available in the markets as free float.
When a company announces to split its shares, the number of outstanding shares increases while the price of each share decreases.
The intention behind the stock split is to increase liquidity in the capital market and also widen the shareholder base.
Infosys, Oil India, Larsen & Toubro (L&T), Indian Oil Corp (IOC), and HCL Technologies are some of the Indian companies which have the most stock splits in India.
Then there are few Indian companies which have never declared stock splits. Legendary investor Warren Buffett would have liked these companies as his multinational conglomerate company Berkshire Hathaway has never undergone a stock split.
It was indeed a volatile trading session for Indian investors and traders today.