On October 25th, a 5:1 stock split of a penny stock will take place. This means that for every one share owned, shareholders will receive five additional shares. The record date for this stock split is set for the 25th of October.
For those looking to invest, this could be a good opportunity to buy shares of this penny stock, especially for those looking to invest under Rs 10. A stock split can often result in a lower share price, making it more accessible for investors with a smaller budget.
It’s important to note that while a stock split can increase the number of shares owned, it does not change the overall value of the investment. However, it can create a more attractive entry point for new investors or those looking to increase their position in the company.
Overall, the 5:1 stock split of this penny stock on the 25th of October could present a potential buying opportunity for investors looking to buy shares under Rs 10.