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Home News BSE notifies 1:5 stock split of multibagger stock that has risen 550%...

BSE notifies 1:5 stock split of multibagger stock that has risen 550% in 2 years

 

Stock Split 2023: One of the most popular stocks on the Indian stock market in recent years is Deep Industries shares. The little cap organization as of late informed the Indian business sectors that its top managerial staff has endorsed a stock parted proposition. The multibagger stock also stated that Deep Industries’ stock split record date has been set for April 10, 2023, and that the stock subdivision has been approved in a ratio of 1:5.

“Trading members of the Exchange are informed that Deep Industries Ltd. has decided on the record date for the purpose of sub-split of the equity shares of the company,” the BSE states in its notification of the Multibagger stock split in a ratio of 1:5. not set in stone.” According to the BSE notice, the record date for the subdivision of stock from the current face value of 10 per share to 2 face values per share is April 10, 2023.

“It is hereby informed that, the Board of Directors of the company has today passed the necessary resolution via circular resolution i.e. March 21, 2023 and has fixed Monday, April 10, 2023 as the “Record Date” for the purpose of sub-division of Equity Shares of nominal/face value of Rs.1(one) each.10/- (Rupees Ten only) in 2 (two) Equity Shares of face value of Rs.5/- (Rupees Five only)

Deep Industries share price history

As referenced above, Profound Businesses shares have given magnificent re-visitations of its drawn out investors. The multibagger stock continued to fall by as much as 10% throughout the year to date. Positional investors have received 10% returns on this small-cap multibagger stock over the past year. However, over the past two years, it has increased from the 44 263.75 per share level, distributing 551 percent to positional shareholders.

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