Penny Stock Below Rs 2 Sets September 23 as Record Date for 1:2 Stock Split
A penny stock trading below Rs 2 has announced that September 23 will be the record date for its upcoming 1:2 stock split. This means that for every share held by investors, they will receive an additional share.
Stock splits are a common practice among companies looking to increase liquidity and make their shares more affordable for retail investors. By splitting their shares, companies can attract more investors and potentially boost their stock price.
Investors who own shares of this penny stock below Rs 2 as of September 23 will be eligible to receive the additional shares resulting from the stock split. It is important for investors to mark this date on their calendars and ensure that they are holding the stock on the record date in order to benefit from the split.
Overall, stock splits can be a positive development for investors, as they can lead to increased trading activity and potentially higher stock prices. It will be interesting to see how this penny stock performs following the split on September 23.