Expiration date in 2 days; 2:1/1:1 Bonus Shares, 1:10 Stock Split: Which Stock To Buy?

“The Bonus Shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action(s), recommended and declared after the issue and allotment of such Bonus Shares,” MAS Financial Services stated in a filing with the stock exchange.

Goal for the Share Price of MAS Financial Services
On the daily charts, MAS Financial Services is bearish with significant resistance at 1060. According to AR Ramachandran from Tips2trades, a daily closure below support of around 969 might result in a target of 874 in the near future.

SG Mart “In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that pursuant to the shareholders’ approval obtained through postal Ballot completed on February 9, 2024, the Board of Directors at its meeting held on February 10, 2024 has fixed, Thursday, February 22, 2024 as the “Record Date” for the purpose of;

a) The face value of the equity shares will be split into 10 (ten) fully paid-up equity shares with a nominal value of Re. 1/- (one rupee), with all authorized, issued, subscribed, and paid-up equity shares having a value of Rs. 10/- (Rupees Ten Only).

According to SG Mart’s regulatory filing, “b) determining the eligibility of securityholders entitled to the issuance of Bonus Equity Shares of the Company in the ratio of 1:1, i.e., one equity share for every one equity share with a face value of Re. 1/- (taking into account the post-sub-division/split of face value of equity shares)”.

Target Share Price for SG Mart
With the next barrier around 12350, SG Mart is bullish but also overbought on the daily charts. According to AR Ramachandran from Tips2trades, investors should book gains at present levels since a daily closure below support around 11412 might eventually lead to a target of 10400.