400% return in 1 year, now 1:10 stock split: Multibagger stock set to become more affordable! Know record date

400% return in 1 year, now 1:10 stock split: multibagger stock set to become more affordable! know suratwwala business group stock split record date

10:1 Stock Split: Suratwwala Business Group is a company that operates in the residential, commercial projects industry. The company’s stock closed in the green around Rs 976.15, up by 1.69 per cent. The stock opened at Rs 951.45 apiece on April 16 and witnessed an intraday high of Rs 1,014.95 apiece. The company has announced a stock split from Rs. 10/- to Re 1 per share.

“…purpose of Sub-Division/Split of existing Equity Shares of the Company, such that existing 1 (One) Equity Share having a face value of Rs. 10 (Ten) each into 10 (Ten) Equity Shares of Rs. 1 (One) each, fully paid up, ranking pari passu in all respects,” the company said via a regulatory filing.

Suratwwala Business Group Record Date

Suratwwala Business Group’ shares will turn ex-split today, in the ratio of 10:1. The ratio leads to one share of the company having a face value of Rs 10/- to be divided into 10 shares of the company having face value of Re 1 each. The company has declared that April 18 will be the ex-date and the record date for the stock split.

“…of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and all other applicable provisions, if any, we wish to inform that the Board of directors of Suratwwala Business Group Limited at its meeting held on Friday March 29,2024 has fixed ,Thursday, April 18, 2024 as the ‘Record Date’ for determining the entitlement of Equity Shareholders for the purpose of Sub-Division/Split of existing Equity Shares,” the company said in a filing.

When a company declares a stock split, the number of shares of that company increases, but the market capitalisation of the company remains the same. Existing shares split, but the underlying value remains the same. As the number of shares increases, price per share goes down.

Suratwwala Business Group Share Price History

Suratwwala Business Group commands a market cap of Rs 1,699.57 crore on the BSE. The stock has a 52 week range of Rs 1,014.95 – Rs 178.10, according to the BSE website on April 17. As per BSE Analytics as on April 17, Suratwwala Business Group stock has traded northward by 6.87 per cent in one week. In one month the stock has climbed 26.84 per cent. In six months the stock has given multibagger returns of 157.10 per cent. The stock has given multibagger returns of 429.33 per cent in one year.

Suratwwala Business Group Dividend History

Companies pay a dividend as a reward to their investors for their investment in the business. A dividend is calculated and paid on the face value of each stock. The current face value of Suratwwala Business Group’s shares is Rs 10. The Companies Act specifies that dividends need to be paid on or within 30 days from the date that they are declared. The company paid a dividend of Rs 0.4 per share in the month of September in 2021.

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