Stock Split: Multibagger stock which gave 372% return in 1 year will now split, signs of a rise in the stock today

Auto component company Ramsons Industries has announced a stock split. Along with this, the company has also made many announcements regarding the management. This stock is a multibagger stock which has returned 369 percent in one year. The information about the split was received after the market closed. In such a situation, the effect of the action can be seen in Wednesday's session. The stock closed up more than 2 percent on Tuesday.

What is company advertising?

In an information sent to the stock market, the company said that its board has approved the proposal to split the equity stock of the company. As per the proposal, one share of face value of Rs 10 will be divided into 5 shares of face value of Rs 2 each. The record date of the stock split will be announced later.

With the help of a stock split, the market price of the shares will also decrease accordingly due to which a large section of investors will be able to trade in them. Due to this, liquidity will be seen in the shares. Apart from this, in another decision, the board has approved the re-appointment of MD Krishna R Kejriwal and Director Chand K Kejriwal to their respective posts for the next 5 years. The company has said that an additional general meeting on March 29 will be held for approval of these decisions. has been called.

Multi bagger stocks gave strong returns

Shares of the company rose more than 2 percent to close at 1024 in Tuesday's trading. The stock has returned 369 percent in the last one year while investment in the stock has grown 7 times in 3 years. The stock has gained 69 percent in 3 months and 52 percent so far in 2024. The stock has gained 27 percent in one month and 10 percent in one week.

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