Multibagger Construction Stock Fixes Record Date For Stock Split, Hits Lower Circuit; Check Details

Salasar Exteriors and Contour Ltd. in its Board meeting held on Tuesday, April 18, 2023, the fixed record date for the stock split. This is a small-cap NSE-listed stock operating in the Construction sector. It has a market capitalisation of Rs 234.57 crore.

Stock Performance & Returns Since Listing

On April 20, 2023, Salasar Exteriors & Contour's stock hits a 5% lower circuit limit. The current market price of the stock on the NSE is Rs 227.85 apiece. The scrip recorded its 52-week-high at Rs 458.70 apiece and 52 week low at Rs 75.05 apiece, respectively. The stock has delivered a multibagger return of 691.15% since listing on 12 September 2019. Over the past 1 year, the stock has given a multibagger return of 131.55%.

The Record Date For Stock Split

Salasar Exteriors and Contour in its regulatory filing on 18 April 2023, said, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, we wish to inform you that, the Company has fixed Record Date as mentioned below in the table for the purpose of subdivision/split of one equity share having face value of Rs.10/- each into face value of Rs.1/- each, as approved by the shareholders at their Extra Ordinary General meeting held on Tuesday, 21st March, 2023."

NSE Symbol	Type of security	Book Closure both days inclusive	Record Date / Cutoff Date	Purpose
SECL	Equity	Not applicable	Wednesday, 03rd May, 2023	Determining the eligibility of Shareholders for the purpose of subdivision/split of each Equity Share having face value of Rs.10/- each into face value of Rs.1/- each.

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