10:1 Stock Split Soon: NBFC Stock Fixes Sept 20 As Record Date, Should You Buy?

Small cap company engaged in NBFC sector, Fedders Holding Ltd today fixed September 20, 2024 as the record date for stock split/sub-division of shares in the proportion of 10:1. Current market price of Fedders Holding shares on BSE is Rs 890.30 per share with gain of 0.82% in trade today. Fedders Holding shares gained 4929% in last 5-years and 62% in last 1-year. The company's market capitalisation stood at Rs 1061.38 crore. Check details below:

Fedders Holding Declares Record Date For Upcoming Stock Split: As per the exchange filing of Fedders Holding dated September 5, 2024, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has fixed Friday, 20' September, 2024 as the "Record date" for determining eligibility of members for the purpose of sub-division of the equity shares of the Company from Face Value of Rs. 10/- each fully paid-up to Face Value of Rs. 1/- each fully paidup."

The company on July 8, 2024 recommended 10:1 stock split.

Fedders Holding Shares Performance: The 52-week high price of Fedders Holding Ltd shares on BSE is Rs 999.00 apiece (as on 31/07/2024) and 52-week low price is Rs 400.00 per share (as on 26/10/2023), respectively. Fedders Holding shares 54% year-to-date, soared 776% in last 2-years. and offered return of 1603% in last 3-years.

Fedders Holding AGM: The company will hold its annual general meeting (AGM) on September 28, 2024.
Should You Buy Fedders Holding Shares? According to Independent Research Analyst, R Ramachandran, "Fedders Holding stock price is slightly bearish on the Daily charts with strong resistance at 920. A Daily close below support of 858 could lead to a target of 817 in the near term."

Fedders Holding About: It operates as a holding company. The Company, through its subsidiaries, offers financial advisory services. It was incorporated in 1991 as a small cap company.

Disclaimer:

The stock 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.