1:10 Stock Split: Chemical Stock Sets Jan 3 As Record Date, Rallies 10% In 1-Week

Small cap chemical company Indian Link Chain Manufactures Ltd shares hit 5.00% upper circuit on December 20 and December 19. The board of Indian Link Chain on December 20 fixed January 3, 2024 as the record date for 1:10 stock split. Indian Link Chain shares gained 64% in last 1-year and surged 346% in last 2-years. The company on December 8 withdrew the previously decided record date of December 19. Check details below:

Indian Link Chain Fixes Record Date For 1:10 Stock Split: According to the BSE filing of the company issue yesterday, "On the captioned subject and in pursuance to approval of shareholders received at the 65th Annual General Meeting held on 30th September, 2023, we request you to note that the Board of Directors have fixed Wednesday, January 03rd, 2024 (as the Record date for the purpose of split / subdivision of existing equity share of Rs. 100/- each into equity shares of Rs. 10/- each."

Indian Link Stock Performance & Return: Last trading price of Indian Link share BSE is Rs 1543.55 per share. Its 52-week high price is Rs 1593.45 apiece and 52-week low price is Rs 703.20 per share, respectively. The company has a market capitalisation of Rs 7.72 crore. Indian Link shares gained 22% in last 6-months, soared 11% YTD, jumped 109% in last 1-year, and offered rally of 286% in last 2-years. In last 3-years, Indian Link Chain shares jumped 293% and surged 143% in last 5-years.

Indian Link About: Mumbai-based Indian Link Chain Manufacturers is engaged in the business of manufacturing Steel Link Chain and Sulphuric Acid. The company's 2880 MT Chain works facility is located at Bhandup, Mumbai and the chemical factory, which can produce 41250 MT of Sulphuric Acid is situated at Bolsar, Thane. It came into existence in 1956 and operates in Chemicals sector.

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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.