Small Cap Stock With Over 510% Return In 3 Yrs Recommended Stock Split, Details Inside

Salasar Exteriors and Contour Ltd, a small-cap construction sector stock, in its Board meeting held today, 23 February 2023, recommended a sub-division of the Equity shares of the company. The stock has given robust returns in the past 3 years, over 510%. It is an NSE-listed company having a market capitalisation of Rs 231.27 crore. Check below to know more:

Salasar Exteriors and Contour Ltd Recommended Stock Split

The company in its exchange filing to NSE has said, "The proposal for sub-division of the Equity shares of the Company having a face value of ₹10/- each into ₹1/- each, accordingly on completion of sub-division the shareholder will get 10 shares for every 1 share held as on the record date which will be determined by the Board of Director, in such manner as may be determined by the Board of Directors, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company."

Stock Performance & Outlook

The stock on NSE last traded at Rs 224.65 apiece. Stock declined 4.99% today as compared to its previous close. Its 52-week low is Rs 75.05 apiece and 52-week high is Rs 458.70 apiece, respectively. It has fallen 22.44% in the past 1 week. In the past 3 months, it has fallen 35.8%. In 1 year it gained 116.01%. Whereas in the past 3 years, it has given a robust 510.46% return.

Disclaimer

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