Auto sector company JBM Auto may announce a stock split this month. The company has informed the stock market about this on Saturday. In a letter sent to the market, JBM Auto wrote that there is a meeting of their board on Monday 28 October in which the company will consider the proposal of stock split and may approve it. On the same day, the company will also release its quarterly results. In Friday's trading, the stock of JBM Auto closed at 1710 with a gain of 0.35 percent. On September 13, the stock closed above the level of 2000, after which a decline has been seen. The stock's highest level of the year is 2417.

Which other company can do stock split?

Recently Mazagon Dock Ship Builders has informed that its board meeting is to be held on October 22, in which the company can announce stock split and dividend. If the company does stock split, then this will be the first time that the stock of the company will be split. Apart from this, HMPL i.e. Hazoor Multi Projects ltd has said in the information sent to the stock market on Wednesday that the company has approved the record date for stock split. According to the company, after a meeting, the Board of Directors has approved the record date for sub-division of stock by the company on 7 November 2024. The company has announced the split of a stock with a face value of Rs 10 into 10 stocks with a face value of one rupee each. What is stock split? Under stock split, the company divides its shares into shares with smaller face values, due to which every investor gets more than one share in exchange for one share. Because it does not affect the market price, the market price of the stock decreases in the same proportion in which the stocks are split. Stock split brings down the share price and the number of shares in the market increases and such stock comes within the buying range of more and more investors.