Penny Stock Gives Approval To 1:10 Stock Split, Stock Hits Lower Circuit

Board of small cap stock operating in construction sector, Vivanta Industries Ltd gave nod to stock split in the ratio of 1:10. The stock hit lower circuit at Rs 22.40 apiece after getting approval for sub-division of shares. The company has a market capitalisation of Rs 22.40 crore. Check details below:

1. Vivanta Industries Approves Stock Split

According to the BSE filing of the company, the board of directors approved Sub-Division (Split) of 1 (One) Equity Share of the Face Value of Rs. 10/- (Fully Paid-up) into 10 (Ten) Equity Shares of Face Value of Re. 1/- each (Fully Paid-up) and Consequential Alteration of Capital Clause of Memorandum of Association."

2. Vivanta Industries Stock Performance & Return

The last trading price of the stock is Rs 22.40 apiece with 52-week high at Rs 31.50 apiece and 52-week low at Rs 12.16 apiece, respectively. The stock hit lower circuit in trade on February 13, 2023. The stock declined 10% in last 3-months and 30% in last 1-year.

3. Vivanta Industries About

Vivanta Industries Limited (VIL) offers engineering services. Vivanta Industries provides land survey and procurement, project designing, fiscal studies, funding, and marketing services, etc.

Disclaimer

The stock gives details pertaining to sub-division of shares. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.