India Stock Splits March 8: TANFAC, Hindusthan Urban to Trade Ex-Split Next Week

India’s corporate action calendar is busy next week, led by stock split events at TANFAC Industries on 9 March and Hindusthan Urban Infrastructure on 13 March. Several names also line up for ex-bonus moves, including Cupid and Frontier Springs, while SBI Cards, Indian Oil, Sun TV and IRFC approach dividend ex-date. Under T+1 settlement, ex-date India rules shift prices and volumes as traders position a day before record dates. We outline the key dates, how a stock split and bonus change quote math, and smart trade setups for the week.

Key ex-splits to watch

TANFAC Industries will trade ex-split on Monday, 9 March. Shares typically adjust lower in proportion to the split ratio, while the number of shares rises. Watch for wider opening ranges, higher turnover, and tighter round-lot sizes that can improve retail participation. Intraday traders should track pre-open indications and VWAP shifts as market makers reprice the order book for the stock split.

Hindusthan Urban Infrastructure will turn ex-split on Thursday, 13 March. Liquidity often improves after a stock split, but spreads can be choppy around the open as pending stop orders get recalibrated. Consider using limit orders, especially in smaller counters. Post-adjustment charts need fresh support and resistance mapping since historical levels change with the revised face value and share count.

Bonus shares and dividends on the radar

Ex-bonus actions for Cupid and Frontier Springs are also due next week, adding to the corporate action queue. Bonuses mirror split-like math but come via reserves, not face value changes. See the week’s coverage on Trade Brains for names on the bonus shares list. Expect active delivery volumes as investors secure entitlement before record dates.

Dividend announcements pull focus too, with SBI Cards, Indian Oil, Sun TV, and IRFC heading toward their dividend ex-date. Prices usually gap down by the dividend amount on the ex-day, though sentiment and crude trends can offset moves. For the latest calendar highlights, refer to News18. Review yield versus payout sustainability before chasing a pre-ex rally.

How prices adjust and what it means

On ex-day, exchanges auto-adjust the reference price. In a stock split, the price falls and share count rises so market cap stays the same. Example: a 1:5 split turns 1 share at ₹1,000 into 5 shares at ₹200 each. Bonus issues apply similar math using free shares. Charts, EPS, book value and 52-week ranges reset accordingly.

Ex-dates often bring volume spikes as arbitrage and delivery interest overlap. Pre-open discovery can set large gaps, then spreads tighten as liquidity builds. A stock split or bonus can draw new retail flows due to the lower per-share price. Use limit orders, avoid illiquid strikes in options, and reassess stops after adjustments to reduce slippage risk.

T+1 settlement and action checklist

Under T+1, you must own shares before the ex-date to be on the record. Settlement completes the next business day, so buying on or after ex-day will not qualify. Mark the ex-date India calendar for splits, bonuses, and dividends, and plan entries one day earlier. Confirm broker notes on corporate action adjustments for open GTT or stop orders.

Prepare for wider first-hour swings and possible auctions in thinner counters. Keep a trade journal noting pre- and post-adjustment quantities and cost basis. Stock split and bonus allocations are not taxable events, but they alter per-share cost. Dividends are taxable at your income slab, and TDS may apply per current rules. Consult a tax advisor for specifics.

Final Thoughts

Next week’s cluster of ex-dates can reset prices, volume, and sentiment in a hurry. TANFAC and Hindusthan Urban will trade ex-split, while Cupid and Frontier Springs go ex-bonus, and several large names approach dividend ex-date. Plan entries before ex-day under T+1, use limit orders at the open, and update charts for adjusted levels. A stock split or bonus does not change a company’s value, so focus on fundamentals, earnings quality, and cash flows. For dividends, weigh yield against payout history. Keep records of revised quantities and cost, and manage risk with realistic position sizes and clear exit rules.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.