5:1 stock split: Penny stock under Rs 5 locked in upper circuit as company’s mining subsidiary secures total export orders worth Rs 661 crore – Dalal Street Investment Journal

In a recent development, a company’s mining subsidiary has secured total export orders worth Rs 661 crore, causing its stock to undergo a 5:1 stock split. As a result, the penny stock, which was previously trading under Rs 5, is now locked in the upper circuit. This news has caused a stir on Dalal Street, with investors closely monitoring the company’s performance. The significant export orders obtained by the mining subsidiary have boosted investor confidence in the company’s growth potential. As a result, the stock split has generated excitement among shareholders, who are eager to see how this development will impact the company’s future prospects.