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Stock Split: Rawalgaon Sugar Farm Limited announced its share split in the stock market on Friday. As soon as this news came to light, the shares of the company saw a surge. And in no time the stock reached the upper circuit. After imposition of 5 percent upper circuit, one share of Rawalgaon Sugar Farm Ltd. was priced at Rs. has reached the level of 5248.30.
Tata Technology IPO created a ruckus in the gray market, 70 percent profit on the first day!
The share will be divided into 5 pieces
Informing about the board meeting, the company said that one share with a face value of Rs 50 will be divided into 5 parts. After which the face value of the company’s shares will decrease to 10 rupees per share. Let us tell you that the record date of this stock split has been fixed on 24 November 2023.
The company is distributing its shares for the first time. At the same time, dividend was also paid by Rawalgaon Sugar Farm Limited in 2012. Then the company gave a dividend of 5 rupees per share.
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How has the performance been in the stock market?
Investors who bought and held shares of Rawalgaon Sugar Farm Ltd a year ago have lost about 4 percent so far. However, the company’s share price has seen an increase of over 39 percent in the last 6 months. At the same time, the stock has managed to gain more than 29 percent in the last one month.