Shares of Rushil Decor will become 10 times cheaper

Shares of Rushil Decor will become 10 times cheaper

According to BSE analysis, its shares have given a positive return of 25 percent in the last one year. The counter, however, has fallen by 7 percent in two years.

Stock market strategy
Stock market strategy

Rushil Decor Stock Split: Shares of Rushil Decor are in high demand on Monday as the company set a record date for sub-division. The stock opened at Rs 355.25, up 3.3 percent from its previous close of Rs 343.90.

By afternoon, 5.76 lakh equity shares were trading at Rs 366 each, up 6.7 per cent. According to reports, shares of Rushil Decor rose on Monday after two consecutive days of decline. The scrip is trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

Rushil Decor has announced a face value split of equity shares in the ratio of 10:1 (10 for 1). This means each share will be divided into 10 equity shares. The company has set a record date of August 9 to determine eligibility for shareholder participation in the split.

“The Company has fixed Friday, August 9, 2024 as the record date for determining the rights of equity shareholders for the purpose of sub-division/division of the existing equity shares of the Company viz., 1 equity share of face value Rs.10 each fully paid-up, each of Rs. will be sub-divided into 10 equity shares of face value, fully paid-up,” the company said in an exchange filing.

Rushil Decor is a constituent of BSE SmallCap. Its market cap is Rs. 968.24 crores. According to BSE analysis, its shares have given a positive return of 25 percent in the last one year. The counter, however, has fallen by 7 percent in two years.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.)




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Rajesh

Meet Rajesh, our astute reporter dedicated to delivering daily insights into the dynamic world of business. With a keen understanding of market trends and a passion for unraveling the complexities of commerce, Rajesh brings you the latest in the business landscape.

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