Stock split 2024: Board members of Rajnish Retail Ltd announced the stock split in their board meeting held on Monday. However, this decision is subject to the approval of the company’s shareholders. The record date of the stock split will be decided later. The company has informed about this development in its latest exchange filing. Shares of Rajneesh Retail Limited fell 5% to Rs 87.40 today on Tuesday.
What did the company say?
“The company has approved sub-division of shares in the ratio of 1:5, subject to the approval of the members of the company and other regulatory requirements,” Rajneesh Retail Ltd said in a statement to the Indian stock exchanges informing the stock exchanges about the stock split. Subject to approval. Date will be informed to stock exchanges after approval of record members.”
Rajneesh Retail share price
In recent years, shares of Rajneesh Retail have given tremendous returns in the Indian stock market. The small-cap stock has surged from ₹21 to ₹87.40 per share, marking a rise of over 300 per cent in a year. Let us tell you that so far this year this stock has increased by 36% and in six months by 57%. In the last one year it has seen a growth of up to 320%. This multibagger stock has gained 12,000 percent in the last five years. During this period its price increased from 72 paise to the present price.
These shares became rockets even in the chaos of the market, there was a rush to buy them,
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company business
Rajneesh Retail Limited has recently diversified its portfolio by entering the beauty and wellness industry with the launch of a new salon. This strategic move aims to take advantage of the growing market and diversify our business. Urban Salon, a brand of Rajneesh Retail Limited, has opened a new shop in Evershine Nagar, Malad district of Mumbai.
