Multibagger Company 5:1 Stock Split Record Date Tomorrow: Stock Rallies 600% In 5 Yrs

Multibagger stock Anjani Foods Ltd. has fixed its record date for stock split tomorrow, October 21, in a 5:1 stock split ratio. Hence, 1 paid-up capital of face value of Rs. 10 will be split into the paid-up capital of face value of Rs. 2 per share. The company's share price on BSE stood at Rs. 152 a piece today, at the time of writing.

The company informed BSE, "Pursuant to Regulation 42 of the SEBI (LODR) 2015, the Company has fixed Friday, i.e., 21st October 2022 as the Record Date, to ascertain the name of Shareholders entitled for Split/Sub-Division of equity shares of Rs. 10/- each into five (5) equity shares of Rs. 2/- each." The company added, "Trading Members of the Exchange are hereby informed that Anjani Foods Ltd, has fixed Record Date for the purpose of Sub-Division of Equity Shares of the company on 21/10/2022."

Anjani Foods - stock performance on BSE

In the last 1 month, the share price of Anjani Foods gained by 24.85%, in the last 6 months its share price gained by 30.14%. Additionally, in the last 5 years its share price gained by 602.08%. The 52-week high level of this stock is Rs. 202.95, and the 52-week low level of this stock is Rs. 66.10. It is a micro-cap company with Rs. 85 crore market capitalization.

In order to increase the number of outstanding shares, a listed company can announce stock split. So, the stock's share price falls accordingly, without changing the market-cap, and it will be more affordable for the new investors.

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