Last day to buy for eligibility! Multibagger smallcap stock goes for 1:10 stock split

This means today is the last day to buy shares of the company in order to qualify for the announced stock split.

Earlier in June, the company approved the sub-division of its shares, and later in September, it announced the record date for this purpose.

“We hereby inform you that the Board of Directors of the Company in their Board Meeting held today i.e., Monday, June 17, 2024, which commenced at 11:00 A.M. and concluded at 01:00 P.M., has inter-alia considered and approved the following items: 1. Approved Sub-division/split of Equity Shares of the Company having face value of Rs. 10/- (Rupees Ten) each into 10 (Ten) equity shares having face value of Re.1 /- (Rupee One) each fully paid up, subject to the approval of Shareholders of the Company and other statutory regulatory authorities, as may be required,” the company said in a filing to the exchanges.

Prior to this, the stock had split twice: once in 2012 and again in 2005.

Nandan Denim’s shares have delivered multibagger returns of 178% over the past year, with a gain of 90.80% in the last six months. In the past month alone, Nandan Denim has surged by 34%.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)