Rajnish Retail Stock Split: Shares of Rajneesh Retail, a company engaged in the business of gems, jewelery and watches, have been successful in giving multibagger returns. This stock has increased investors’ wealth manifold by jumping 375 percent in the last one year. Now the company has announced to distribute its shares. Last Friday, this share had risen by 4% and closed at Rs 90.50. This share has given a return of 12,469.44% in the last five years. During this period, its price has increased from 72 paise to the present price.
Rajneesh Retail Stock Split
Earlier this month, the small cap company said its board of directors has approved sub-division of 1 equity share into 5 equity shares in the ratio of 1:5, subject to the approval of the members of the company and other regulatory/statutory approvals. is under the. This will be the company’s second stock split after the one in 2021 when it sub-divided the face value of its stock from Rs 10 to Rs 5.
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Rajneesh Retail Stock Split Record Date
“The record date of sub-division of equity shares will be decided by the board and informed to the stock exchanges after obtaining the approval of the members,” Rajneesh Retail said in an exchange filing.
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Rajneesh Retail Portfolio Expansion
The small cap company recently expanded its portfolio by entering the beauty and wellness industry with the launch of a new salon. Urban Salon, a brand of Rajneesh Retail Limited, has launched a new store in Evershine Nagar, Malad district of Mumbai. She has opened a beauty and wellness shop. The beauty and wellness industry is seeing strong growth, driven by increasing consumer spending on personal care and beauty services.
