Small Cap Gas Stock To Declare Stock Split On Dec 7, Shares Rally 468% In 3-Months

Board of directors of small cap company from Oil & Gas sector, Dolphin Offshore Enterprises are scheduled to hold a meeting on December 7, 2023 to consider and approve proposal of stock split/sub-division of shares of the company. Last trading price of Dolphin Offshore Enterprises share BSE is Rs 829.90 per share. Dolphin Offshore shares offered shareholders return of 468% in last 3-months and gained 19,754% in last 3-years. Dolphin Offshore stock hit upper circuit and fresh 52-week high too in trade today. Check details below:

What Is Stock Split? When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.

Dolphin Offshore Enterprises To Consider, Approve Stock Split: According to the BSE filing of the company issued November 21, 2023, "With reference to captioned subject, we wish to inform you that, the meeting of the Board of Directors of the Company is scheduled to be held on Thursday, December 07, 2023 to transact the following business:

1. To consider and approve the proposal to Sub- Division /Split of the Equity Shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required."

Dolphin Offshore Enterprises Stock Performance & Return: Last trading price of Dolphin Offshore share on BSE is Rs 829.90 with intraday gain of 2.00%. Its 52-week high price is quoted at Rs 829.90 apiece and 52-week low price is Rs 120.17 apiece, respectively. The company has a market capitalisation of Rs 332.00 crore. Dolphin Offshore Enterprises shares gained 51% in last 1-month, soared 1546% in last 5-years, and offered return of 1055% in last 10-years. In last 3-months, Dolphin Offshore Enterprises shares gained 468%.

Dolphin Offshore Enterprises Financials: Dolphin Offshore Enterprises (India) Limited (DOEIL) is a leading provider of underwater services to the Indian oil and gas industry. Over the years, it has developed a diversified portfolio for undertaking turnkey projects involving sub-sea and marine services and as an EPC contractor. All its services are certified to ISO 9001 and by the American Bureau of Shipping.

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.