1 share will become 10 shares, this company is doing a stock split, today the stock price has increased by half..19 percent.

Stock Split News: Companies that have given strong returns to investors in the past one year will undergo stock splits. We are talking about the company shares of Nandan Denim Ltd. will be divided into 10 parts. After this share split, the face value of the company's shares fell to Rs. will be 1.

It was announced today

The board meeting of the company was held on 17th June. In the information provided to the stock exchanges, the company said that one share with a face value of Rs 10 will be divided into 10 parts. The company has not disclosed the record date of allotment of shares. The record date of this stock split may be announced soon. Let us tell you that this is the first time that the shares of Nandan Denim Limited are being split.

The company has distributed bonus shares 2 years ago

The company entered the ex-bonus trade on March 22, 2022. Then the company gave investors 2 bonus shares for 1 share. Nandan Denim last paid a dividend in 2019. Then the company gave a dividend of 50 paise on each share. The company has paid dividend in 2018 as well.

How is the company performing in the stock markets?

On Tuesday, the company's share price on the BSE rose 20% to Rs. It is trading at the level of 52.77. The share price of the company has seen an increase of more than 56 percent in the last 6 months. At the same time, the price of Nandan Denim Limited has increased by 128 percent in the last one year. It means that the money of positional investors is doubled.

The company hit a 52-week high on the BSE at Rs. 48.51 and 52 week low of Rs. It is 17.26. The market cap of the company is Rs 634 crore.