Stock Split: Small Cap Gems & Jewellery Stock Soars 77% In 30 Days, 782% Return in 1-Year

Shares of small cap stock, Deep Diamond India Ltd have been rising sharply ever since it has taken the decision of stock split. The company on January 3, 2023 fixed January 20, 2023 as the record date of stock split. Since January 3, 2023, the shares of the company rallied 27% as the stock was priced Rs 124 apiece on January 3 and now the stock's last trading price is Rs 158 apiece.

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. 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.
Check details below:

1. Deep Diamond To Trade Ex-Split This Week

The stock will trade ex-split on January 20, 2023 as it is the record date that the company has fixed. According to the BSE filing, "Record date for Sub-Division of Face Value of Rs. 10/- each to Face Value of Rs. 1/- each is January 20, 2023."

2. Deep Diamond Stock Performance

The last trading price of the stock is Rs 158.50 apiece with intraday surge of 3.87%. The stock's 52-week high is Rs 171.95 apiece and 52-week low is Rs 11.00 apiece, respectively. The company has a market capitalisation of Rs 50.72 crore.

3. Deep Diamond Return

The stock has given multibagger returns over the years. It has rallied 782% in last 1-year, 427% in last 6-months, and 77% in just last 30-days.

5. About Deep Diamond

It came into existence in 1995. Deep Diamond India Ltd has been providing men and women with a varied range of 18K Real diamond jewellery. Deep diamond has its own state of art manufacturing facility. 

Disclaimer

The stocks gives detail about stock split and returns over the years. 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.