1:10 Stock Split Gets Record Date: Multibagger Mid Cap Infrastructure Stock Rallies

Mid cap stock operating in Infrastructure sector, IRB Infrastructure Developers has fixed record date for 1:10 stock split. It will imply that each share with a face value of Rs 10 each shall be divided in 10 fully paid up equity shares with a face value of Re 1 each.

The board of the directors have fixed February 22, 2023 as the record date for sub-division of shares. The company has a market capitalisation of Rs 16,939.40 crore. The stock gave huge 158% return in last 3-years. The stock rallied nearly 5% in trade today. Check details below:

1. IRB Infrastructure Developers Fixes Record Date For Stock Split

The board of directors of the company said, "The Company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of every 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 10 (ten) equity shares having face value of Re. 1 (Rupee One) each fully paid-up, as approved by the shareholders through Postal Ballot on February 06, 2023."

The company earlier this year on January 5, 2023 declared stock split.

2. IRB Infrastructure Developers Stock Performance

The last trading price of the stock is Rs 280.55 apiece with an intraday gain of 4.86%. The stock's 52-week high is Rs 329.30 apiece and 52-week low is Rs 179.05 apiece, respectively.

3. IRB Infrastructure Developers Return

The stock witnessed a dip of 7% in last 1-month, gained 9% in last 3-months, 11% in last 6-months and declined 5% in last 1-year. The stock gave multibagger returns in last 3-years with 158% rally. In last 5-years, the stock soared 28%.

4. IRB Infrastructure Developers About

IRB Infrastructure Developers Ltd is India's leading integrated and first multi-national infrastructure developer in highways sector, with major presence in the Build-Operate-Transfer (BOT) space, carrying high pride to be part of India's transformation, according to its official website.

Disclaimer

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