1:10 Stock Split: Rs 395 Low PE Home Decor Stock Sub-Divided To Below Rs 45, Rises 22% On Ex-Split Date

Plywood boards and laminates company, Rushil Decor skyrocketed by nearly 22% on the day it turned ex-split which was on August 09. Rushil Decor which once traded nearly Rs 395 levels, is now split into ten smaller shares with the price level becoming as cheap as below Rs 45.

Rushol Decor's stock split is in the ratio of 1:10. Meaning, the company has split 1 existing equity share having face value of Rs 10 each, into ten new equity share having face value of Re 1 each.

In general terms, share splits mean the subdivision of a listed company into smaller shares depending upon the ratio. 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.

Founded in 1993, Rushil Decor Limited is a globally leading comapny in modern interior infrastructure and eco-friendly composite wood panels. The company excels in setting industry benchmarks through innovative designs and advanced technology. Operating six cutting-edge manufacturing plants, Rushil Decor has an annual capacity of 3,30,000 CBM MDF and 3.49 million laminates, serving customers in over 53 countries. The company's product range includes VIR Laminates, VIR MDF boards, VIR MAXPRO (HDFWR) boards, VIR Pre-laminated Decorative MDF/HDFWR boards, VIR Modala Ply, VIR PVC and VIR WPC boards/doors.