214.38% Up In 3 Months: Small Cap Stock To Go 2:1 Ex-Split On July 28, Scrip Hits Upper Circuit

Electric Sector small call company, Servotech Power Systems Ltd. today hit the upper circuit at Rs 171.65 on NSE. The stock is all set to trade ex-split in the proportion ratio of 2:1 this week on July 28, 2023. On Jul 08, 2023, the Board fixed Jul 28, 2023, as the record date for stock split. Servotech Power Systems has a market cap of Rs 1,825.11 Crore.

Stock Split & Record Date

The company said in an exchange filing, "the Register of Members & Share Transfer Books of the Company will remain closed from Saturday, 29th July, 2023 to Friday, 4th August, 2023 (both days inclusive) for ascertaining the entitlement of shareholders of the Company for the purpose of sub-division (split) of Equity Share of the Company having a face value of Rs. 2/- (Rupees Two only) each (fully paid-up) into Two (2) Equity Shares of face value of Rs. 1/- (Rupees One only) each (fully Paid-up). Further, Friday, 28th July, 2023 has been fixed as Record Date for the aforesaid purpose."

Stock Movement

The stock closed 171.65 apiece after hitting the 4.98% upper circuit on NSE. The stock gained 6.45% in 1 week, while declined 9.58% in 1 month. It gained 214.38% in 3 months, 1297.38% in 1 year, 4225.4% in 3 years, and 2590.44% in 5 years, respectively.

Disclaimer - The stock just 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.