Penny Stock Under Rs 70 Hits Upper Circuit as Board Announces Stock Split from Rs 10 to Re 1; Check Record Date Inside
A penny stock trading for less than Rs 70 hit its upper circuit as the company’s board announced a stock split from Rs 10 to Re 1. This news has generated buzz among investors as they eagerly await the impact of the stock split on the company’s share price.
A stock split occurs when a company divides its existing shares into multiple shares, effectively lowering the price of each share. In this case, the company’s board has decided to split its shares from Rs 10 to Re 1, making the stock more affordable for investors.
Investors are advised to keep an eye on the record date for the stock split, as this is the date on which shareholders must own the stock in order to be eligible to receive the split shares. This information is crucial for investors looking to take advantage of the stock split and potentially capitalize on any price movements.
Overall, the announcement of the stock split has created excitement in the market, with many investors looking forward to the potential benefits it may bring. As always, it is important for investors to conduct their own research and seek advice from financial experts before making any investment decisions.