10:1 Stock Split: 5th August - Record Date; Buy At Rs. 270-288, TP Rs. 310-365, Keep Stop Loss At?

After being founded in 1989 as Aayush Food and Herbs Ltd., Aayush Wellness Ltd. has seen a significant metamorphosis. listed with the scrip code 539528 on the BSE. By reinventing conventional techniques, the organisation offers cutting-edge nutraceuticals, supplements, nutritious meals, and enrichment solutions. After Aayush Wellness announced the record date for a 10:1 stock split, the company's shares wrapped up 2.89% higher on Monday at Rs 285 a share.

Aayush Wellness Record Date For Stock Split

"We hereby inform to the exchange that the Board of Directors have considered and fixed Monday, 05th August, 2024 as a Record Date for ascertaining eligibility of shareholders for subdivision/Split of equity shares of the Company from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten only) each into 10 (Ten) equity shares having face value of Re. 1/- (Rupee One only) each," said the company in a stock exchange filing.

Rationale Behind The Split By Aayush Wellness

"To improve liquidity of the company's equity shares in the capital market and encourage the participation of small investors and retail investors by making company's share more economical to the investor," the stock split action has been announced said Aayush Wellness in a statement.

Aayush Wellness Share Price Target

"Aayush Wellness Ltd's recent uptrend in price movement has garnered the attention of traders and investors alike who are keen on exploring its prospects. In this regard, those interested in this company stock may consider entering the buying range of Rs. 270-288 for a target price of Rs. 310-365. It is advised to set a stop loss at Rs. 247 for this stock if you plan to hold it for a period of 1-4 months," recommended V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

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