1:10 Stock Split: Small Cap Stock Intimates Record Date, Triple Digit Returns In 180-Days

Small cap company from the residential, commercial projects, Suratwwala Business Group Ltd shares settled with the marginal gain of 0.73% to 870.95 per share on BSE. The company today fixed record date as April 18, 2024 for stock split/sub-division of shares in the ratio of 1:10. Suratwwala Business shares gave return of 129% in last 6-months and rallied 371% in last 1-year. Check details below:

Suratwwala Business Sets Record Date For Stock Split: As per the exchange filing of the company dated March 29, 2024, "we wish to inform that the Board of directors of Suratwwala Business Group Limited at its meeting held on Friday March 29,2024 has fixed ,Thursday, April 18, 2024 as the 'Record Date' for determining the entitlement of Equity Shareholders for the purpose of Sub-Division/Split of existing Equity Shares of the Company, such that existing 1 (One) Equity Share having a face value of Rs. 10 (Ten) each into 10 (Ten) Equity Shares of Rs. 1 (One) each, fully paid up, ranking pari passu in all respects."

What Is Stock Split? When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.

Suratwwala Business Group Stock Performance & Return: The 52-week high price of Suratwwala Business shares on BSE is Rs 905.80 per share and 52-week low price is Rs 168.05 per share, respectively. Suratwwala Business Group has a market capitalisation of Rs 1510.37 crore. Suratwwala Business Group shares rallied 44% year-to-date, gained 371% in last 1-year, and surged 398% in last 2-years. In last 3-years, Suratwwala Business stock rallied 1425%.

About: Suratwwala Business Group Ltd. is Pune's leading construction company. Jatin Suratwala is the Chairman & Managing Director of our Company. He is Promoter and Director since incorporation of the Company.

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