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2 Companies That Are Set To Announce Stock Splits This Week
There are 2 companies who would announce stock splits this week, one is small cap company and other is a small medium enterprise. Both the companies have intimated through exchange filings that this week the boards will meet to discuss and approve stock splits. Given below are the details.
Sylph Technologies Ltd
According to the exchange filing of Sylph Technologies Ltd, "the board meeting of directors of the company is scheduled to be held on Monday, 20th March, 2023 inter alia, to consider and approve: Sub-division/ Stock Split of equity shares of the Company"
There were no details of record date mentioned for the stock split for now.
Sylph Technologies Ltd was incorporated in the year 1992. It is a small medium enterprise with expertise in business processing outsourcing segment. It outsources software development, develops custom applications, and develops e-commerce and wireless/mobile business solutions. It's current market capitalisation is Rs 51.63 crore.
The latest trading price of the stock is Rs 34.65 per share, which is 1.38% up over previous day's closing price. Its 52-week high is at Rs 53 per share and 52-week low is at 4.45 per share. In one year the share price has rallied massively by 641.97%.
Radhika Jeweltech Ltd
On February 27, 2023, the company had announced that a meeting of the Board of Directors of Company is scheduled to be held on Thursday, March 16, 2023, interalia, to consider a proposal for sub-division of the Equity shares of the Company having a face value of Rs 10/- each, in such manner as may be determined by the Board of Directors, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company.
However, the meeting was postponed to Thursday, March 23, 2023, due to some unavoidable reasons, it was intimated later, with out no details of record date
Radhika Jeweltech Ltd is a small cap company operating in Gems and Jewellery sector. Its market capitalisation is Rs 356.12 crore.
The latest trading price of the stock is Rs 150.90 per share, which is down by 2.24% over previous day's closing price. Its 52-week high is at Rs 290.60 per share and 52-week low is at 130 per share. In one year the share price has rallied fallen by 4.13%.
Disclaimer:
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