Stock split alert, Oct. 16 -- Shares of Jattashankar Industries Limited will remain in focus during Friday, October 16, trading session due to its upcoming corporate action record date. The the dyed-yarn manufacturer has announced a stock split in the ratio of 1:10.

The company's board of directors has fixed Monday, October 19 as the record date to determine eligibility of shareholders for the payout. The Indian stock market follows the T+1 settlement arrangement, which means that a trade is settled a day after the transaction takes place. Hence, investors must own the stock today to qualify for stock split.

Jattashankar Industries Limited has fixed Monday, October 19, as the record date to determine the eligibility of shareholders for ...