Multibagger Small Cap Stock Approves Sub-Division Of Shares, Stock Jumps

Board of directors of multibagger small cap stock operating in the Agro-Processing sector, IEL Ltd on Friday approved stock split in the ratio of 1:10. Soon after approving the stock split, IEL Ltd shares jumped 2.30%. IEL shares offered 704% return in last 2-years and 6254% return in last 3-years. Check details below:

Board Of IEL Ltd Approves Stock Split: According to the BSE filing of IEL Ltd, "Subject to approval of the Shareholders of the Company, Stock Exchange or any other regulatory authority, if any, the Board of Directors of the Company has approved to sub-divide/split the existing Equity Shares of the Company such that 1 (One) Equity Share having nominal/face value of Rs. 10/- (Rupees Ten only) each fully paid up, be sub-divided into 10 (Ten) Equity Shares having nominal/face value of Re. 1/- (Rupee One only) each fully paid up."

The approval from the Shareholders will be sought at the upcoming 67th Annual General Meeting and the Record date for sub-division/split of existing Equity Shares will be decided thereafter, added the regulatory filing.

IEL Ltd Stock Performance & Return: Last trading price of IEL Ltd share is Rs 137.90 per share. Its 52-week high price is Rs 205.90 per share and 52-week low price is Rs 61.86 per share, respectively. It has a market capitalisation of Rs 46.03 crore. IEL shares offered return of 29% in last 3-months, 22% return in last 6-months, 88% return in last 1-year, and maximum 6254% return in last 3-years.

IEL Ltd About: The company is involved in the business of trading (whole-sale and retail) of chemicals, dyes, pigments, intermediates and commodities. The company is also providing marketing and support services, according to its official website.

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