1:5 Stock Split/Sub-Division: Small Cap Chemical Co Fixes Record Date

Small cap stock HP Adhesives Ltd witnessed a rally of 3.33% on Thursday with stock price closing at Rs 463.50 per share. The board of directors of the company announced November 9, 2023 as the record date for sub-division/stock split of shares in the proportion of 1:5. HP Adhesives share gained 24.71% in last 6-months and soared 22% year-to-date. Check details pertaining to stock split below:

HP Adhesives Sets Record Date To Sub-Divide Shares: As per the BSE filing of HP Adhesives issued today after market hours, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended from time to time, it is hereby informed that, the Board of Directors of the Company has passed the necessary Resolution through Circular today i.e. on 5th October, 2023 and has fixed the "Record date" on Thursday, 9th November, 2023 for the purpose of Sub-division of every 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten Only) each be sub-divided into 5 (Five) Equity Shares having face value of Rs. 2/- (Rupees Two Only) each fully paid-up."

HP Adhesives Stock Outlook & Return In Last 5-Years: Last trading price of HP Adhesives stock on BSE is Rs 463.50 per share on BSE. Its 52-week high price is Rs 546.35 per share and 52-week low price is Rs 309.80 per share, respectively. The company has a market capitalisation of Rs 851.68 crore.

HP Adhesives About: HP Adhesives is a leading provider of adhesives and sealants, headquartered in India. The company was founded by entrepreneur Mr. Haresh Motwani, during the early stages of the plastic industry and has since grown into a brand in plumbing adhesives. HP Adhesives established a strong presence in over 40 countries. With a diverse product portfolio, the company has leveraged partnerships with various companies across Asia, the Gulf, the United States, Africa, and Europe to bring its products to a global stage, according to its official website.

Disclaimer: The stock just 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.