2 Indian companies to split stocks in August 2022. So buy one, and get some free
Stock splits means one share splits into some more shares. Photo: Getty Images
If you want 1 share today and get some more shares for free in a few days, consider buying shares of High Energy Batteries Ltd and Variman Global who are splitting their stocks in August 2022. Meanwhile, Rural Electrification Corporation is offering a bonus issue.
High Energy Batteries Ltd: High Energy Batteries Ltd is an India-based battery manufacturing company and operates in segments like - Aerospace, naval, power system batteries, and lead acid storage batteries.
The company started in 1961 to manufacture industrial and domestic meters, measuring and recording instruments, electronic machines and batteries. In the last 5 years, the stock price has increased by 536% from Rs 325 to Rs 2,015, thus proving to be a great investment.
High Energy Batteries will split its stocks on August 10, 2022, and will split each of its shares having a face value of Rs 10 into 5 shares having a face value of Rs 2.
Variman Global: Variman Global is an IT company that is in the business of providing IT solutions like security and firewall services, server room technologies and data storage solutions for companies. It has partnered with multiple computing unit manufacturers and works with clients in education, government, defence, and a few more sectors.
The company's stock prices have increased by about 3600% in the last 5 years from Rs 5 to Rs 190. Variman Global will split its stocks on August 12, 2022, and will split each of its shares having a face value of Rs 10 into shares having a face value of Re 1.
Rural Electrification Corporation Ltd (RECL Ltd): RECL is one of the Indian government's Navratna companies, and is under the Ministry of Power. RECL is involved in financing energy projects in India. Their projects pertain to power transmission, power generation, and power distribution. As of March 31, 2022, the company's net worth is Rs 50,000 crore.
The company's share prices have fallen by 24% in the last 5 years, and to compensate investors to some extent, RECL has declared a bonus in the ratio of 1:3 ie 1 share for every 3 shares held. The same will be executed on August 17, 2022.