Stock Split In a move aimed at increasing retail investor participation, the board of directors of the company has approved a stock split in the ratio of 1:2. This means each existing share with a face value of ₹10 will now be split into two shares with a face value of ₹5 each.
The decision to go ahead with the stock split is expected to improve liquidity in the counter and make the stock more affordable for small investors. Analysts believe that such measures often attract more retail participation and improve trading volumes.
The record date for the stock split will be announced shortly by the company. Market watchers suggest that the step could provide a boost to investor sentiment, especially at a time when valuations are turning attractive.
