Stock Splits and Bonus Issue Updates

AI Champdany Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 25, 2008, inter alia, to consider Split of the equity shares of the Company, subject to approval of Shareholders.

Ashirwad Capital has fixed 16 May 2008 as the record date for the purpose of issue of bonus equity shares in the ratio of 3 equity for every 5 equity shares held by the members.

C.G. Impex has fixed 16 May 2008 as the record date for the issue of bonus shares. The bonus issue is in the ratio of 1:2.

Quick update on bonus news this week! Swasti Vinayaka Gems Corporation has fixed 16 May 2008 as the record date for the issue of bonus shares. The ratio of bonus shares is 1:3. That means the ratio is 1 equity for every 3 equity shares held by the members.

Madras Aluminium Company jumped 10% to Rs 897.90 at 15:25 IST on BSE after the company said its board has scheduled meeting on 16 May 2008 to consider stock split. The company made this announcement during trading hours today, 15 May 2008.

Gemini Communication Stock Split

Gemini Communication will consider Stock Split proposal in scheduled meeting of the board of directors on 19 May 2008. The stock became volatile after the announcement yesterday during trading hours and was down by 3.27% to Rs 253 on BSE after gaining as much as 2.08% to Rs 267. If you see the trading volumes changed to 1.99 lakh shares yesterday compared to it’s average 1.19 lakh shares everyday.

The company’s current equity is Rs 9.72. Face value per share is Rs 5. Gemini Communication is a service provider and a carrier for high-speed broadband access networks.

In the past, the stock hit a 52-week high of Rs 310 on 15 January 2008 and a 52-week low of Rs 109.05 on 24 March 2008. The small-cap scrip had outperformed the market over the past one month till 8 May 2008, surging 116.43% compared to the Sensex’s return of 8.17%. It also outperformed the market in the past one quarter, advancing 34.13% compared to Sensex’s decline of 2.20%.

Hatsun Agro Stock Split Will Be Decided on 21st May 2008

Hatsun Agro Product gained today by 2.30% to Rs 445 at 9:57 IST on BSE after the company said on Thursday, 8 May 2008, it has scheduled a board meet on 21 May 2008 to consider stock split. The company made this announcement after trading hours on Thursday, 8 May 2008. The company’s current equity is Rs 6.80 crore. Face value per share is Rs 10.

The company is engaged in manufacturing and selling milk and milk products and ice creams. The company operates in two segments viz. milk and milk products and ice cream and others. The company mainly operates in Tamil Nadu, Karnataka and West Bengal states