Stock Market News: Shares of multibagger stock Senco Gold Ltd are going to be divided. The company has given this information to the stock markets. Last week on October 4, the company has decided to stock split. Let us tell you, in the last one year, the share prices of Senco Gold have seen an increase of more than 100 percent.
Share is going to be divided into 2 pieces
In the information given to the stock markets on October 4, the company has said that one share with a face value of Rs 10 will be divided into two parts. The face value of the company’s shares will reduce to Rs 5 after this split. Let us tell you, the company has not yet fixed the record date for this stock split. It is believed that this entire process will be completed in 3 months.
The company had decided in the meeting held on October 4 that it would raise Rs 500 crore through Qualified Institutional Placement (QIP). The company can collect this decision in one or more times.
The IPO of the company came in July last year. Then the price band of this IPO was fixed at Rs 301 to Rs 317. Let us tell you, the company has also given dividend twice.
Also read: Company is giving 3 share bonus on 1 share, stock has been a storm since last one year
Company’s performance in stock market is excellent
On Friday, the company’s shares closed at the level of Rs 1404.45 with a decline of 0.68 percent in BSE. During the last one year, the share prices of Senco Gold have increased by 118 percent. At the same time, investors who have held for 6 months have got a profit of 74 percent so far. Let us tell you, in the last one month, the share prices of Senco Gold have increased by 16 percent.
52 week high of Cenko Gold is Rs 1,542.95. And the 52 week high of the company is Rs 576.50. The market cap of the company is Rs 10,915.73 crore.
(This is not investment advice. The stock market is subject to risks. Consult experts before making any investment. This is only information about the performance of the shares.)
