• Vishwanath Shirur

Stock split is a corporate action which is done to increase the number of outstanding shares of a company. The objective of this research is to investigate the impact of stock split on their abnormal return of selected capital goods companies listed at the BSE. This study is based on the standard event study methodology. Stock's abnormal returns were investigated for a period of 10 days before and after of stock split event. The study covered the period of 2016-17 to 2023-24 with a sample of 4 companies. The Secondary data collected from the authorised sources on the daily adjusted closing stock prices of the 4 companies and the BSE Sensex index values for 10 days before and 10 days after the date of split event was used. The findings of this research indicates that Stock split event leads to getting negative returns on some days (6). But on majority of the days (15), stock splitting shows positive impact on stock price which means stock splits is helpful for getting abnormal return to investors.

Stock split, abnormal return, standard event study methodology, BSE Sensex.

"THE IMPACT OF STOCK SPLIT EVENT ON CAPITAL GOODS COMPANIES SHARE PRICES: EVIDENCE FROM BSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 8, page no.109-112, August-2025, Available :http://www.jetir.org/papers/JETIRHB06022.pdf

"THE IMPACT OF STOCK SPLIT EVENT ON CAPITAL GOODS COMPANIES SHARE PRICES: EVIDENCE FROM BSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 8, page no. pp109-112, August-2025, Available at : http://www.jetir.org/papers/JETIRHB06022.pdf