2 multibagger stocks that have risen up to 650% in 6 months to trade ex-split tomorrow

Two stocks Vinny Overseas and KBS India, which have given multibagger returns to investors, will trade ex-split on February 24.

Vinny Overseas has announced to split its shares in the proportion of 1 equity share of Rs 10 each into 10 equity shares of Rs each ful1y paid up. The company has fixed February 24 as the record date for the purpose of determining the eligibility of shareholders.

Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.

The company's stock has given massive returns to investors in the last six months, rising about 650%. So far this year, the shares have gained as much as 127% on a year-to-date basis.

Vinny Overseas is an apparel company, which manufactures and exports textile products. The company offers cotton and rayon fabrics.

Along with the stock split, Vinny Overseas has also announced a bonus issue of shares in the proportion of 13:10. The record date for the bonus issue is the same as stock split.

Meanwhile, KBS India has also announced the split of 1 equity share having face value of Rs 10 each into 10 equity shares of nominal value of Rs 1 each in the share capital of the company.

The company has fixed February 24 as the record date for the purpose of determining the eligibility of shareholders. The stock has risen about 295.34% in the last six months. So far this year, the shares have lost 6.59% on a year-to-date basis.

KBS India is a stock broking and investment company. It offers advisory services, broking services, portfolio management, and depository services, as well as distributes mutual fund and insurance products.