2:1 Stock Split: Penny Stock Under Re 1 Locked In The Upper Circuit; Scrip Up By 60 Per Cent From 52-Week Low – Dalal Street Investment Journal

2:1 Stock Split Sends Penny Stock Under Re 1 into Upper Circuit; Scrip Up 60% from 52-Week Low

A recent 2:1 stock split has caused a penny stock valued under Re 1 to be locked in the upper circuit. The scrip has surged by a staggering 60% from its 52-week low. This development has caught the attention of investors on Dalal Street.

The stock split has resulted in a significant increase in the value of the penny stock, pushing it into the upper circuit. This means that the stock can only be traded within a certain price range, causing a surge in demand for the scrip.

Investors are closely monitoring the performance of this penny stock as it continues to rise from its 52-week low. The stock split has proven to be a positive move for the company, attracting new investors and driving up the value of the scrip.

Overall, the 2:1 stock split has had a significant impact on this penny stock, propelling it into the upper circuit and driving its value up by 60% from its 52-week low. Investors are optimistic about the future prospects of this scrip on Dalal Street.