5:1 Stock Split: SBI MF-backed share to get cheaper

5:1 stock split: sbi mf-backed kims share to get cheaper

5:1 Stock Split: Shares of Krishna institute of Medical Sciences (KIMS) is set to get cheaper as the company's Board of Directors have approved a stock split in the ratio 5:1. The stock's face value will reduce from Rs 10 to Rs 2 each after the split.

"The Board considered and approved the proposal for the sub-division of 1 equity share of the Company having a face value of Rs. 10/- each into 5 (Five) equity shares having a face value of Rs. 2/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company at the ensuing 22nd Annual General Meeting," the company said in an exchange filing dated June 28.

The rationale behind the stock split is to enhance the liquidity in the capital market, widen the shareholder base, and make the shares more affordable to small investors, KIMS said in the filing.

KIMS Share Price Today

Shares of Krishna Institute of Medical Sciences, at the time of filing this report, traded at Rs 2,088.95, down 0.66 per cent against previous closing price.

So far 8,765 shares changed hands on BSE, above its previous 2 week average volume of 6,221. On NSE, as many as 1,05,391 shares traded.

KIMS Share Price History

Shares of Krishna Institute of Medical Sciences have appreciated by 15.7 per cent in the past one month. Over the past one and two years, the hospital stock yielded returns of 19.66 per cent and 85.32 per cent, respectively.

Ove a longer period, KIMS shares rallied nearly 115 per cent in the past three years, more than doubling investors money in the said period.

KIMS Share Holding Pattern

As of March 31, 2024, FIIs held 16.73 per cent, DIIs held 33.13 per cent, and promoters had 38.82 per cent.

State bank of India Small Cap Fund holds 7.2 per cent stakes in the company, followed by Axis Mutual Fund with 4.81 per cent stakes held. HDFC Small Cap holds 4.25 per cent shares in the company.