Business News Desk – Approval to divide one share into 10 parts. The stock has been on the upper circuit for a long time. Means upper circuit. When there are only buyers of the share. In such a situation, trading of shares on the exchange is stopped at the limit decided by the initiative. This company is PC Jeweler Limited. The stormy rise in the company’s shares continues.
On Monday morning, the stock opened at Rs 174.40 against the closing price of Rs 169.69. After this the share got locked at the upper circuit of Rs 178.17. Decision on share split will be taken – The board meeting of the company was held on 30 September 2024. In the year 2017, the company had given one bonus share in exchange for one. At the same time, the decision on share split of the company has been taken on Monday. One share will be divided into 10 parts.
There has been no change in the promoters’ stake. It remains at 54.53 percent. Buying of shares by FIIs i.e. foreign institutional investors is going on. In March 2024 it was 0.93 percent. Whereas in June 2024, this share has increased to 2.57 percent.
