Next week, many companies are going to X-date after the announcement of their stock split. These include companies like JBM Auto, Kiduja India, Mohite Industries and Senco Gold. Stock split means that companies are dividing the existing value of their shares into small parts, making their shares affordable for more investors. This process not only reduces the price of shares, but also increases their liquidity.
Benefits of Stock Split:
Companies make their shares accessible to more investors through stock split. When the price of shares decreases, small investors are also motivated to invest in them. In addition, this increases the demand and liquidity of the company’s shares in the stock market. X-det and record date for stock split are kept on the same day. This means that any investors who want to take advantage of the stock split of these companies will have to buy shares before this date.