Now Reading: BSE allows stock split by three firms including Kirloskar Pneumatic
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BSE allows stock split by three firms including Kirloskar Pneumatic
BSE allows stock split by three firms including Kirloskar Pneumatic
Three companies have received BSE approval for sub-division of equity shares. Kirloskar Pneumatic Company Ltd (Scrip Code 505283) will split Rs 10 face value shares into Rs 2 each. Spice Islands Industries…
The Story in Brief
Three companies have received BSE approval for sub-division of equity shares. Kirloskar Pneumatic Company Ltd (Scrip Code 505283) will split Rs 10 face value shares into Rs 2 each. Spice Islands Industries Ltd (Scrip Code 526827) and Aegeus Technologies Ltd (Scrip Code: unknown) are the other two firms. The record dates for the split will be announced later by the respective companies.
The Indian Opinion
Some claim stock splits always boost retail participation. But that is lazy. The split merely changes face value, not company fundamentals. History shows many splits are followed by price stagnation. The real test: will trading volumes in Kirloskar Pneumatic actually rise 30 days after the record date? If not, the narrative was just noise.
Sources (3): bseindia.com, bseindia.com (2), bseindia.com (3)
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
