Stock Split News: Shares of Nandan Denim Ltd have seen a rise of more than 15 percent today. The reason behind this rise in the company’s shares on Thursday is believed to be the news related to stock split. There is a meeting of the company’s board of directors on June 17. The decision on distribution of shares will be taken in this meeting. Let us tell you, if the approval of the board is received then the distribution of shares of the company will happen for the first time.
Construction company shares hit upper circuit, price rises 20%, investors happy
Today i.e. on Thursday, the company’s shares opened in NSE at the level of Rs 42.95. The company’s intra-day high is Rs 46.80 per share. At the time of market closing, the company’s shares were at the level of Rs 45.15 with a rise of 11.75 percent.
The company has distributed bonus shares in 2022
For the first time, the company had given bonus shares to investors in 2022. Qualified investors were then issued 2 free bonus shares for every one share. Let us tell you, no record date has been announced yet for this time’s stock split.
Money doubled in 1 year
During the last one month, the share prices of this company have seen an increase of 18 percent. At the same time, investors who have been holding the stock for 6 months have made a profit of 59.60 percent so far. At the same time, the price of shares of this company has increased by 121.80 percent in the last one year. That means the money of positional investors has more than doubled during this period.
The company’s 52 week high level is Rs 67.65 and 52 week low level is Rs 30.64 per share. Let us tell you, till the March quarter, the total stake of promoters in the company was 64.87 percent. Whereas the public had 34.65 percent.
