1:10 Stock Split: Chemicals Stock Sets Record Date, Soars 126.6% From 52-Week Low

Small cap company operating in chemicals sector Indian Link Chain Manufactures Ltd shares gained 5.00% intraday soon after the board of directors of the company fixed December 19, 2023 as the record date for sub-division/stock split of exiting shares in the ratio of 1:10. Indian Link shares soared 119% in last 1-year and gained 276% in last 2-years. Check details below:

Indian Link Sets Record Date For Stock Split: According to the BSE filing of the company dated December 7, 2023, "On the captioned subject and in pursuance to approval of shareholders received at the 65th Annual General Meeting held on 30th September, 2023, we request you to note that the Board of Directors have fixed Tuesday, December 19th, 2023 (as the Record date for the purpose of split / subdivision of existing equity share of Rs. 100/- each into equity shares of Rs. 10/- each."

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 28% in last 6-months, soared 11% YTD, jumped 119% in last 1-year, and offered gain of 293% in last 3-years. In last 5-years, Indian Link shares surged 143%. The stock witnessed a rally of 126.6% from its 52-week low price of Rs 703.20 if the current market price of Rs 1593.45 apiece is taken into consideration.

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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The stock highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.