According to BSE analytics, its shares have delivered a positive return of 25 per cent in the last one year. The counter has, however, sliped 7 per cent in two years.
Rushil Decor Stock Split: The shares of Rushil Décor are in high demand on Monday as the company has fixed the record date for the sub-division. The stock opened gap up at Rs 355.25, up 3.3 per cent, against the previous close of Rs 343.90.
Around noon, it traded 6.7 per cent higher at Rs366 apiece with 5.76 lakh equities changing hands. According to the reports, the Rushil Decor shares gained after two days of consecutive fall on Monday. The scrip is trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
Rushil Decor has announced to split the face vale of equity shares in the ratio of 10:1 (10 for 1). It means that each share will split into 10 equity shares. The company has fixed August 9 as the record date for determining the eligibility of shareholders participation in the split.
“The company has fixed Friday, 9th August, 2024 as the Record Date for determining entitlement of Equity Shareholders for the purpose of subdivision/ split of existing Equity Shares of the Company, such that 1 equity share having face value of Rs 10 each, fully paid-up, will be sub-divided into 10 equity shares having face value of Re 1 each, fully paid-up,” the company said in an exchange filing.
Rushil Decor is a constituent of BSE SmallCap. It commands a market cap of Rs 968.24 crore. According to BSE analytics, its shares have delivered a positive return of 25 per cent in the last one year. The counter has, however, sliped 7 per cent 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 with a qualified financial advisor before making any investment decisions.)