Stocks Splits This Week: Computer Age Management, Mini Diamonds - Check Record Date

Stock Split Alerts: Investors Must Track Record Dates

Investors should be aware of the record dates set by Computer Age Management Systems Ltd. and Mini Diamonds India Ltd. for their upcoming stock splits, which are scheduled to take place this week.

• Computer Age Management Systems Ltd.: Record date set for Dec. 5
• Mini Diamonds India Ltd.: Record date set for Dec. 2

A stock split is a corporate action that increases the number of outstanding shares by reducing the face value per share. This typically enhances liquidity as the stock price adjusts accordingly. The total investment value remains unchanged, as the number of shares increases.

How a Stock Split Works

• Eligible investors must hold shares as of the record date announced by the company.
• The record date determines who will receive additional shares post-split, based on the split ratio.
• With India following the T+1 settlement cycle, investors need to purchase the stock at least one trading day before the record date to be eligible.
• Buying shares on the record date itself won’t qualify, as the ownership won’t be reflected in time during trade.

Stock Splits Scheduled

Mini Diamonds India Ltd. is set to split from Rs 10 to Rs 2 per share, with a record date of Dec. 2.

Computer Age Management Services Ltd. is set to split from Rs 10 to Rs 2 per share, with a record date of Dec. 5.

What to Remember

While stock splits increase the liquidity of the stock by making the share price lower and more accessible to a wider range of investors, they do not affect the overall market value of an investor's total holding. The total investment value remains unchanged as the share price adjusts proportionally to the split ratio on the ex-date.