Several Indian companies, including JBM Auto Ltd., Kidua India Ltd., Mohite Industries Ltd., and Senco Gold Ltd., have announced stock splits on January 31, 2025, aiming to make their shares more accessible to retail investors.
On January 31, 2025, several companies in India announced stock splits, adjusting the face value of their shares to make them more affordable for retail investors. The following companies made the move:
- JBM Auto Ltd. (Stock Code: 532605) has split its shares from ₹2 to ₹1, making its stock more accessible to investors. JBM Auto, based in Haryana, is a leader in the automotive manufacturing industry, specializing in vehicle production, including buses and auto components.
- Kidua India Ltd. (Stock Code: 507946) also announced a stock split, reducing its share face value from ₹10 to ₹1. The company, based in Maharashtra, is known for its work in the manufacturing of various consumer goods.
- Mohite Industries Ltd. (Stock Code: 532140) implemented a stock split from ₹10 to ₹1. Based in Maharashtra, Mohite Industries operates in the textile and garment manufacturing sectors, providing high-quality fabrics and apparel.
- Senco Gold Ltd. (Stock Code: 543936) reduced its share face value from ₹10 to ₹5. Senco Gold, headquartered in Kolkata, is a prominent player in the jewelry industry, with a wide network of stores and a strong presence in the gold and diamond sectors.
These companies made the strategic decision to split their shares in a bid to enhance liquidity and broaden their shareholder base, aiming for better market participation.
The stock splits were finalized on January 31, 2025, and the adjusted shares are expected to be available for trading soon. This move highlights the growing trend among Indian companies to take steps to make their stocks more attractive to smaller investors and encourage more widespread ownership.
The announcement comes at a time when retail participation in Indian markets has been on the rise, driven by increased financial literacy and a growing number of individual investors entering the stock market.
