- Date : 27/01/2023
- Read: 5 mins
Learn about the stocks that will give you bonus shares and stock splits in February 2023. Check them and buy now to maximise returns.
Top 3 Stock to Offer Bonus Shares and Stock Splits in February 2023
Are you an investor who had a tumultuous year in 2022? If yes, you should know that you are not the only one. Last year was predominantly a bear market. Since 2008, major indices have performed the worst in 2022. Investors saw their favourite stocks drop by double-digit percentages in almost all sectors. However, bonus issues and stock splits boost investors' morale and help them remain afloat. In 2022, 140+ listed companies declared bonus shares for their retail investors so that they remain invested in their stocks.
The stock market is sliding down in 2023, also. However, certain companies are continuing this trend to reward their investors. If you are an investor who looks for shares of companies that offer stock splits and bonus shares, you should keep your eyes open.
To make your work easier, we have zeroed down on three stocks that will trade ex-split and ex-bonus in the next month (February 2023). So, let's take a quick look at the top 3 stocks that will provide you with stock splits and bonus shares:
At NSE, the stock name of Servotech Power Systems is SERVOTECH. In this watchlist of the top three stocks providing stock splits or bonus shares in the next month, this surely comes at the top.
The company's board had decided on December 7, 2022, to split their share in a 1:5 ratio. February 3, 2023, has been fixed by the board as the record date for ascertaining shareholders' eligibility for the stock split.
What does that mean? Let's suppose there is a fully paid-up equity share with a ₹10 face value. Once the company splits its share in a 1:5 ratio, it will split the single stock of ₹10 to five fully paid-up equity shares, whose face value is ₹2 each.
₹0.25 per interim share dividend has been declared by the company for FY2023. Its record date is February 18, 2023.
This company manufactures electrical equipment. This small-cap company has become a top producer of:
- Energy Solutions
- Medical Equipment
- Solar Products
Servotech Power Systems produces customer products such as:
- Solar products
- Home lighting systems
In the quarter ending in December 2022, this company's revenue increased to ₹ 832.7 million. It is a year-on-year jump of 101.1%. Its net profit in the same quarter jumped to Rs 38.6 million, a year-on-year increase of 263.1%.
The major reasons for this phenomenal performance are:
- Advances made in the channel area
- Expansion in footprint
- Robust marketing strategy
SERVOTECH was listed in Sept'21. Since then, it has rallied by more than 737%. In the last one year, its price has shot up by 95%.
At BSE, the stock name of Shreeji Translogistics Ltd. is STL | 540738 | INE402Y01010.
The company's board had decided on November 15, 2022, to split their share in a 1:5 ratio. February 15, 2023, has been fixed by the board as the record date for the stock split.
This company is a major player in the logistics solutions integrator industry. Shreeji Translogistics provides a wide array of logistical requirements. It includes transportation of bond trucking to export-import containers. This organisation has over forty years of experience in warehouse services, logistical solutions, and freight management.
In the quarter ending in September 2022, this company's revenue increased to ₹ 493.4 million. It is a year-on-year jump of 11.8%. Its net profit in the same quarter was ₹29 million. Their net profit dropped by 6% on a year on year basis. An increase in the expenditure of bought traded goods and an increase in salary made the net profit drop.
On January 24, 2023, the company expanded to 3 new locations:
This expansion is expected to provide its customers high-quality logistics services.
In the last one year, Shreeji Translogistics Ltd. is (STL | 540738 | INE402Y01010) stock has given a return of over 104%.
At NSE, the stock name of MK Proteins is MKPL.
The company's board had decided on January 1, 2023, to issue bonus shares in a 2:1 ratio. February 3, 2023, has been fixed by the board as the record date for determining the shareholders' eligibility.
This company is a major player in the refined vegetable oils industry. MK Proteins has a 250 tons per day refining capacity. It refines a wide range of oils, including:
- rice bran
- soya bean
- canola oil
- cotton seed
In the quarter ending in September 2022, this company’s revenue increased to ₹ 1.4 billion. Their net profit during the same period was 37.3 million.
In the last one year, the MK Proteins (MKPL) stock has given a return of over 1,500%.
All these three stocks are fundamentally good. A stock split or bonus may not provide you immediate value. However, it will have more trading volume in the coming days after the stock split or bonus. If you are a holder of stocks, these will bring long-term advantages to your portfolio.