These 3 stocks to trade ex-split tomorrow. Do you own?

Shares of Jash Engineering, Kck Industries and Master Trust will likely remain in focus in today’s session as these companies have fixed October 30 as the record date for the purpose of their respective stock splits.

This means today is the last day to buy the shares of these companies in order to be eligible for the stock splits.

Shareholders whose names will appear in these companies’ database on the record date will be eligible for the said stock split.

Jash Engineering will be splitting its stock from a face value of Rs 10 per share to Rs 2 per share

Kck Industries will be splitting its shares from a face value of Rs 10 per share to Rs 2 per share

Master Trust will be splitting its shares from a face value of Rs 5 per share to Re 1 per share

A stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to existing shareholders. This split reduces the stock’s price per share proportionally while keeping the overall market capitalization of the company the same.

Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends.

After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date. Shareholders who buy the stock at least one day before the ex-date are eligible for the benefits of the stock split as settlement happens the next day.

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