New Year Stock Split: Multibagger Petrochemicals Stock Sets Record Date For 1:2 Stock Split

Leading petrochemicals sector company, Supreme Petrochem Ltd has fixed record date for 1:2 stock split on December 12, 2022. The small cap company has a market capitalisation of Rs 7,198 crore. Check key takeaways below:

1. Supreme Petrochem Sets Record Date For 1:2 Stock Split

The board of directors of the company in its BSE filing said, "In reference to the captioned subject matter, we would like to inform that the Board of Directors of Company, vide their Circular Resolution dated 09/12/2022, have fixed the record date as Friday, 6th January 2023 for the purpose of sub-division/split of the face value of the equity shares of the Company from existing Rs. 4 (Four) per share paid up to Rs. 2 (Two) per share paid up. This is for your kind information and doing needful in this regard."

Therefore, the record is fixed as January 6, 2023.

2. Supreme Petrochem Stock Performance

The last trading price of the stock is Rs 765 apiece with a marginal intraday decline of 0.20%. The stock's 52-week high is Rs 1027 apiece and 52-week low is Rs 619 apiece, respectively.

3. Supreme Petrochem Return

The stock has given 6% return in last 1-year, 420% return in last 3-years, and 105% return in last 5-years. The stock has declined 4% in last 3-months.

4. About Supreme Petrochem

The company was incorporated on December 14, 1989 as a Public Limited Company with the immediate object of setting up plants for the manufacture of Styrene Monomer and Polysterene.

The Company has been promoted by The Supreme Industries Limited. The company's state-of-the art manufacturing facility is located at at Amdoshi, near Mumbai. The fully automated DCS controlled plant will soon have a total installed capacity of 272,000 TPA. This includes a dedicated, new generation 17,000 TPA Compounding facility, commissioned in 2002.

Disclaimer

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