1:10 Stock Split: Below Rs 10, Fertilizer Sector Turned Ex-Split; 8,282% Returns In 5 Years

Fertilizer stock in penny basket, Pulsar International has turned ex-split on April 19. The stock price ended in red, down by nearly a per cent. Pulsar has split into the ratio of 1:10.

On April 19, Pulsar International's share price ended at Rs 9.22 apiece, down by 0.86% on BSE with a market cap of Rs 59.84 crore.

The stock's 52-week high and low is at Rs 11.94 apiece and Rs 6.08 apiece respectively.

Pulsar had fixed April 19 as the record and ex-split date for the ratio of its sub-division. The record date is to determine the eligibility of the shareholders for the stock split.

A 1:10 ratio meant that 1 equity share of Pulsar International having a face value of Rs.10/- (Rupees Ten only) each, fully paid up into 10 (ten) equity shares having a face value of Re.1/- (Rupee One) each fully paid up.

Stock splits mean the sub-division of already owned shares into smaller shares. It is done to improve liquidity by breaking it into smaller sizes. The face value also reduces in the proportion of the split ratio but has no impact on share capital and reserves.

Adjusted to the stock split, Pulsar's 1-month gains are over 14%, while in six months, the stock is up by 34%. YTD, the upside is over 13% on BSE.

But in the long-term Pulsar shares give triple-digit returns. In 5-years, the stock has zoomed by a whopping 8,281.82% as of now. This is also its all-time gains.

The stock's technicals indicate a moderately strong trend. The day Trendlyne momentum score is at 68.93, which means that the stock is technically moderately strong. Stocks with scores between 60 and 70 are considered as technically Moderately Strong. Similarly, its RSI and MFI are at 61 and 36.5, which is steady since these two moving averages below 30 are considered oversold and above 70 overbought.

Further, the data revealed that Pulsar's weekly average delivery volume is 100%, while it is trading above 7 out of 8 SMAs, and above 5 out of 9 Oscillators in the bullish zone.

Pulsar has decades of experience in the fertilizer industry, and the company is passionate about helping farmers, importers, and producers achieve the best possible results.

The company offers a wide range of high-quality fertilizers that are tailored to meet the specific needs of different plants and growing conditions.