Jindal Saw Ltd is one of those companies. Which has given returns of more than 100 percent to investors during the last one year. The company is once again in the news. The company has announced that it is going to divide its shares into two parts. The fixed record date for which is this week. Let us know about this multibagger stock in details –
This share is being divided into 2 pieces
In the information given to the stock markets, Jindal Saw Ltd has said that one share with face value of Rs 2 will be divided into 2 parts. After this stock split, the face value of the company’s shares will reduce to Rs 1 per share. It has been told by the company that the record date for stock split is 9 October 2024. That means the stock will trade ex-split in the stock market on Wednesday.
Also read: This multibagger share is going to be divided into 2 pieces, money doubled in 1 year
Shares were distributed in 2009 also
This stock, which has not given bonus shares even once, is going to be divided again after 15 years. The company had earlier distributed shares in 2009. According to the data available on BSE, the company’s shares were divided into 5 parts. Due to which the face value of shares had reduced to Rs 2 per share.
Investors are happy to see the returns
Jindal Saw Ltd has pleased investors with its performance in the stock market during the last one year. The price of the company’s shares has increased by 110 percent during this period. So far in 2024, the company has not disappointed investors in terms of returns. This year the prices of this stock have seen an increase of more than 70 percent. Let us tell you, at the time of market closing on Friday, the price of the company’s shares was at Rs 726.05 on BSE with a rise of more than 2 percent.
The 52 week high of this multibagger returning stock is Rs 760. Whereas, 52 week low level is Rs 329.75. The company’s shares were traded ex-dividend on June 11 this year. The company then paid a dividend of Rs 4 per share to eligible investors. However, the company has not declared dividend since then.
(This is not investment advice. The stock market is subject to risks. Before making any investment, please consult verified experts.)
