1:10 Stock Split: Chemical Stock Withdraws Record Date, Shares Jump 285% In 2-Yrs

Small cap chemical company Indian Link Chain Manufactures Ltd shares on Friday hit 5% upper circuit. Last trading price of Indian Link Chain shares on BSE is Rs 1543.55 per share. Indian Link Chain shares gained 109% in last 1-year and rallied 285% in last 2-years. Board of directors of Indian Link Chain on December 8 issued new BSE filing wherein it mentioned withdrawal of December 19 as the record date for sub-division/stock split of existing equity shares in the proportion of 1:10. The Board of Indian Link Chain will issue new record date in due course. Check details below:

Indian Link Chain Withdraws Record Date For 1:10 Stock Split: According to the BSE filing of the company dated December 8, 2023, "The Board of Directors had fixed Tuesday December 19, 2023 as record date for the purpose of split / subdivision of existing equity shares of INR. 100/- each into equity shares of INR. 10/- each. However, dur to procedural reasons, BSE Limited (the Exchange) has directed to withdraw the said record date. The revised record date shall be intimated in due course."

Indian Link Stock Performance & Return: Last trading price of Indian Link share BSE is Rs 1543.55 per share. Its 52-week high price is Rs 1593.45 apiece and 52-week low price is Rs 703.20 per share, respectively. The company has a market capitalisation of Rs 7.72 crore. Indian Link shares gained 22% in last 6-months, soared 11% YTD, jumped 109% in last 1-year, and offered rally of 286% in last 2-years. In last 3-years, Indian Link Chain shares jumped 293% and surged 143% in last 5-years.

Indian Link About: Mumbai-based Indian Link Chain Manufacturers is engaged in the business of manufacturing Steel Link Chain and Sulphuric Acid. The company's 2880 MT Chain works facility is located at Bhandup, Mumbai and the chemical factory, which can produce 41250 MT of Sulphuric Acid is situated at Bolsar, Thane. It came into existence in 1956 and operates in Chemicals sector.

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