5:1 Stock Split: Small Cap Stock To Ex-Split Tomorrow, Gains 200% In 3-Yrs

Small cap stock operating in plastics sector Shaily Engineering Plastics Ltd shares will trade ex-split tomorrow. Ahead of the ex-split, Shaily Engineering Plastics share BSE gained 1.66% intraday today to Rs 1883.00 per share. Shaily Engineering Plastics declared stock split in the ratio of 5:1. Shaily Engineering shares soared 41% in last 6-months and gained 200% in last 3-years. Check details below:

Shaily Engineering To Ex-Split Tomorrow: Earlier this year on September 2, 2023 the company approved sub-division/split of existing Equity Share of the Company from one (1) equity having a face value of Rs 10/- each fully paid-up into five (5) Equity Shares of face value share of Rs 2/- (Rupees Two only) each fully paid-up. The Record Date for such Sub-division /Split of equity shares will be intimated in due course."

Shaily Engineering Stock Split Record Date: The company on November 9, 2023 fixed the record date as November 23, 2023 for 5:1 stock split.

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.

Ex Split Date: It is the date when the stock begins trading at the new adjusted split price.

Shaily Engineering Stock Performance & Return Over Years: Current market price of Shaily Engineering share on BSE is Rs 1883.00 apiece. Its 52-week high price is quoted at Rs 1900.00 per share and 52-week low price is Rs 870.00 per share. Shaily Engineering has a market capitalisaiton of Rs 1722.78 crore as on November 22, 2023. Shaily Engineering shares gained 10% in last 1-year, rose 9% in last 2-years, and offered return of 199% in last 3-years.

Shaily Engineering About: Shaily was established in 1987 by Mike Sanghvi. It is now India's largest exporter of plastics components. From a start-up of two injection molding machines, it is now India's largest exporter of plastics components and are a publicly listed company, according to its official website.

Disclaimer

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