1:10 Stock Split: Small Cap Stock To Intimate Record Date Soon, Gains 112% YTD

Small cap stock Suratwwala Business Group Ltd on November 7 approved stock split in the ratio of 1:10 and will intimate the shareholders record date of sub-division of shares in due course. The last trading price of Suratwwala Business share on BSE is Rs 455.75 per share with intraday gain of 3.34%. Suratwwala Business shares offered shareholders return of 1971% in last 3-years period.

Board of Suratwwala Business Approves Stock Split: According to the BSE filing of the company dated November 7, 2023, "Sub-division/split of each equity share of face value of Rs. 10/- (Rupees Ten only) each, fully paid into 10 (Ten) equity shares of face value of Rs. 1/- (Rupees One Only) each, fully paid up by alteration of Capital Clause of Memorandum of Association of the Company, subject to the approval of the members of the Company to be sought by means of Postal Ballot. The Record date for sub-division/ split of existing equity shares will be intimated in due course."

What Is Stock Split? When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.

Suratwwala Business Group Stock Performance & Return: Last trading price of Suratwwala Business Group share on BSE is Rs 455.75 per share with intraday gain of 3.34%. Its 52-week high price is Rs 459.90 per share and 52-week low price is Rs 164.90 per share, respectively. Suratwwala Business Group has a market capitalisation of Rs 790.35 crore. Suratwwala Business Group shares surged 135% in last 6-months, gained 130% in last 1-year, and jumped 484% in last 2-years.

About: Suratwwala Business Group Ltd. is Pune's leading construction company. Jatin Suratwala is the Chairman & Managing Director of our Company. He is Promoter and Director since incorporation of the Company.

Disclaimer

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