1:10 Stock Split: 1 Smallcap Chemical Share Splits Into Ten New Shares, 27,456% Returns; Check Latest Price

Smallcap agrochemical company, Bhagiradha Chemicals & Industries which once traded near Rs 2,000 level, has split into ten new shares and is now currently below Rs 200. This is due to its stock split of 1:10 ratio for which the company turned ex-split on May 2nd. The share broadly ended in red on its ex-split date, however, still continues to be a multibagger. The stock's all-time gains is a whopping 27,456.34% on BSE.

YTD, this smallcap stock gained by 30%, but in a year, the stock surged by 40%. And in 5-years, the gains were around a whopping 354%. But its all-time gains is of breathtaking 27,456.34%. Adjusted to stock split ratio, the stock was less than Rs 1 in July 2002.

On May 2, 2024, the day this stock turned ex-split, Bhagiradha shares ended at Rs 195 apiece, down by 0.69% with market cap of Rs 2,029.07 crore. The stock's 52-week high and low is at Rs 217.40 and Rs 110.00 apiece respectively.

Bhagiradha Chemicals & Industries Stock Split:

Bhagiradha fixed Thursday, May 2, 2024, as the record date for sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having a face value of Rs. 10/- (Rupees 10 only) each, fully paid-up, be sub-divided/split into 10 (Ten) equity shares having a face value of Re.1 /- (Rupee One Only) each, fully paid- up, ranking pari- passu in all respects.

Accordingly, the stock split ratio is at 1:10.

Due to the stock split, the BSE circular said that the new ISIN number given above, for Equity Shares of Re.1/- each of the Company shall be effective for trades done on and from the Ex-Date i.e. May 2, 2024.

Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.

About Bhagiradha Chemicals & Industries Limited:

Bhagiradha Chemicals & Industries Limited (BCIL) is a professionally organized public limited company based in Hyderabad, India and dedicated to the manufacture of high-quality pesticides.

The company's manufacturing unit is located near the eastern coastal town of Ongole, 300 km north of Chennai. It has an annual capacity of 3250 Tonnes for the manufacture of various technical-grade insecticides, herbicides and fungicides. Liquid formulations as well as powder formulations are made using their technical grade pesticides conforming to international standards.

The Company has significant export sales and has exported its products to more than a dozen countries over the years including the U S A, Brazil, the UK, Portugal, Australia, South Africa, China, Germany, Malaysia and Belgium.