This company is in the list of stocks giving multibagger returns in the stock market. The shares of the company have hit an upper circuit today i.e. Friday and again on 08 November. The reason for the upper circuit today is the record date announcement of the stock split.
In the information provided by the company to the stock exchanges, one share with a face value of Rs 10 will be divided into 10 parts. After this share split, the face value of the company's shares will decrease to Rs 1 per share.
This pharma industries announced a stock split date of record on Monday, November 18th. Shares of the company will be distributed on the day of record date. In such a case, if you want to take advantage of this stock split, you have to buy the shares one day before the record date.
Any company distributes shares, when it feels that the share price has increased. Due to which retail investors stay away from this stock.
During the last 90 days, the price of this stock has seen an increase of more than 131 percent. Due to which the money of permanent investors has more than doubled.
At the same time, the company's share price has increased by 482.52 percent in 6 months. The company hit a 52-week high on the BSE at Rs. 452.70 and a 52-week low of Rs. is 58.20. The market cap of this company is Rs 981.89 crore.
Let us tell you that the company has given dividend only once. According to BSE data, this company paid dividends to investors in 2023. Then the company gave a dividend of 0.30 paise on 1 share.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
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