A stock split is generally undertaken to make the stock more affordable to small retail investors and increase liquidity
New Delhi (India), April 20: Shares of Salasar Techno Engineering Ltd. were up 4 per cent at Rs 269 on the BSE in Tuesday’s intra-day trade, in an otherwise neutral and volatile market, the stock has hit the high of Rs. 279 in its early trade on Tuesday, after the company said the board will meet on April 30, 2022 to consider stock split proposal.
At 10:00 am, the stock was up 5 per cent at Rs 273 as compared to 21 points decline in the S&P BSE Sensex.
“A meeting of the board of directors of the Company will be held on April, 30, 2022, to consider a proposal for sub-division of the equity shares of the Company having a face value of Rs 10 each, in such manner as may be determined by the board of directors, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company,” Salasar Techno Engineering Ltd said in an exchange filing.
Companies often choose to split their stock to lower its trading price to a more comfortable range for most investors, and to increase the liquidity of trading in its shares. Stock Split makes the stock more affordable to small retail investors and increase liquidity. It refers to splitting the face value of shares, in which the number of shares of the company increases but the m-cap stays the same. Existing shares split, but the underlying value remains unchanged. As the number of shares increases, the price per share goes down.
Salasar Techno Engineering Ltd has outperformed the market in the recent past with wide margin. In the past one month, the stock has rallied 15 per cent as compared to a 1.38 percent decline in the S&P BSE Sensex. Moreover, over the past one year, it has surged 19 per cent as against 17.88 percent rise in the benchmark index. It had hit a record high of Rs 370.75 on July 13, 2021.
I have read so many posts about the blogger lovers however this post is really a good piece of writing, keep it up
Great selection of modern and classic books waiting to be discovered. All free and available in most ereader formats. download free books
ufavip666 UFABET a direct website for online football betting, football betting website, live baccarat, slots, fish shooting, lottery betting, UFAVIP666, the most comprehensive direct casino website 2023
For anyone who is looking for an UFABET online gambling website that can be played completely on one website UFA7-11 and is the latest Baccarat, slots, direct website ufa7-11, the latest 2023.ufabet เข้าสู่ระบบ ufabet เว็บหลัก เว็บแทงบอลออนไลน์ ufabet
ufabetstar365 online football betting online football betting website ufabetstar365 เว็บแทงบอลออนไลน์ ufabet ufabet เว็บหลัก ufa7 เข้าสู่ระบบ
whoah this blog is wonderful i really like reading your articles. Keep up the great paintings! You realize, a lot of people are hunting round for this info, you could help them greatly.