Maiden 10:1 Stock Split In 24 Yrs: Diversified Stock Hits Upper Circuit, Shares Gain 204% In 90-Days

Board of Small cap company engaged in diversified commercial services sector, Inertia Steel Ltd today approved stock split in the ratio of 10:1. Last trading price of Inertia Steel shares on BSE is Rs 512. 90 per share with gain of 2.00% in trade on October 22, 2024. Inertia Steel shares jumped 204% in just last 3-months and 251% so far in 2024. The company's market capitalisation stood at Rs 614.39 crore. The company never announced any bonus share, stock split, and dividend in 24 years. This is the maiden stock split that the company announced today. Check details below:

Inertia Steel Approves Stock Split: As per the bse filing of Inertia dated October 22, 2024, "the Board approved the proposal to subdivide the Company's equity shares, reducing the face value of the shares from ₹10/- per share to ₹1/- per share. This decision is subject to shareholder approval in an Extraordinary General Meeting (EGM)."

Inertia Steel Shares Performance: The 52-week high price of Inertia Steel Ltd shares on BSE stood at Rs 512.90 per share (as on 21/10/2024) and 52-week low price is Rs 138.70 per share (as on 15/07/2024), respectively. Inertia Steel shares jumped 25% in last 1-month and soared 236% in last 1-year.

Inertia Steel About: Inertia Steel Limited is engaged in the business as merchants, commission agents, brokers, buyers, sellers, importer, exporter, dealers, business agents, trading in iron and steel etc. It was founded in India in the year 1984, according to its official website.

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