Now, those stocks which have gone ahead with stock split in 2011 have given returns as high as 200%. Hold your breathe, Vision Techno has given highest return of 205% since the stock split announcement date.
There are stocks which are too hot to handle while there are others which really burns a big hole in your pockets. According to Moneycontrol analysis, so far in 2011, 43 companies have announced their stock split while 19 companies are trading ex-split.
Now, those stocks which have announced stock split in 2011 have given returns as high as 200%. Hold your breathe, Vision Techno has given highest return of 205% since the stock split announcement date. Followed by Exelon Infra, Dazzel Confindiv, Tuni Textile Mills and Money Matters Financial Services gained 165%, 109%, 54% and 50% respectively.
A stock split is done by the companies, when share price become too high. The main object is to make the shares price reasonable to small investors even though the underlying value of the company remain the same. Most companies believe that on choosing stock split the share volume is likely to increase thereby increasing volatility.
Top positive performers post split announcement.
% Chg in price from source date to 15-07-2011 price
Tuni Text. Mills
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