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This Multibagger Stock Announces Record Date For Stock Split: Check Details

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Gujchem Distillers India Ltd is a chemicals-focused small-cap company with a market capitalization of Rs 7.67 crore. The Board of Directors today declared and set a record date for the stock split on May 27, 2022.

 
This Multibagger Stock Announces Record Date For Stock Split: Check Details

The company has informed BSE on 2nd May 2022 by saying that "This is to inform you under Regulation 30, 42 and any other Regulation of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that a meeting of the Board of Directors of the Company was held on Monday, May 02, 2022 and the said meeting commenced at 11.45 a.m. and concluded at 12.30 p.m. In that meeting the Board has considered and fixed the record date as Friday, May 27, 2022 for determining the eligibility of Shareholders, with regard to the Sub-Division of the one(1) Equity share of face value of Rs. 10/- (Rupees Ten only) each into Ten (10) equity shares of face value of Re. 1/- (Rupee One Only) each in terms of Regulation 42(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') and as approved by the Shareholders through postal ballot."

On the BSE, the company's shares have risen from Rs 95 on May 3, 2021 to Rs 473 today, representing a multibagger return of 397.89 per cent in a year. Year-to-date (YTD), the stock has climbed by 220.24 per cent, and in the previous six months, it has gained by 197.48 per cent. The stock has improved 6.58 per cent in the previous month but has lost 1.93 per cent in the last five trading days. The stock hit a 52-week high of Rs 952.70 on March 11, 2022, and a 52-week low of Rs 70 on May 24, 2021.

 

The stock is trading 50% below its 52-week high at the current market price. The stock closed at a market price of Rs 473 in today's closing session, down from a previous close of Rs 496.90 on Monday, a drop of Rs 23.90 (4.81 per cent). According to Bloomberg Quint, Gujchem Distillers India Ltd. is now trading higher than the 5 days, 20 day, 100 day, and 200-day moving averages, but lower than the 50 day moving averages.

Read more about: stock split
Story first published: Monday, May 2, 2022, 15:47 [IST]
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