Multibagger stock with over 100% returns in a year trades ex-split on Thursday. Do you own?

Shares of multibagger stock Tara Chand InfraLogistic Solutions are likely to remain in focus today as the company had announced a stock split in the ratio 10:2 and fixed December 5 as the record date for determining shareholder eligibility.

This means today is the last day to buy the stock to be eligible for the stock split.

“This is in continuation to our intimation dated November 13, 2024 regarding Sub-division/Split of Equity Shares of the face value of Rs. 10/- each into Equity Shares of the face value of Rs. 2/- each with effect from Thursday, December 05, 2024 (“Record Date”),” said the company in an exchange filing.

Tara Chand InfraLogistic Solutions will be splitting its stock from a face value of Rs 10 per share to Rs 2 per share and the share would be trading on an ex-split basis from December 5.

This means today is the last day to buy the shares of the company to be eligible for the said stock split as after the implementation of the T+1 settlement system, the record date and ex-date are typically the same, except when a market holiday follows the ex-date.

Shareholders who buy the stock at least one day before the ex-date are eligible for the stock split as settlement happens the next day. Those buying the stock on the ex-date are not eligible for the same.This is the first-ever instance that the company has split its shares, according to data available on Trendlyne.The shares of Tara Chand InfraLogistic Solutions have given whopping returns of 137.05% in the last one year.

Also read | HDFC Bank shares rise 2% after large block deal; market cap crosses Rs 14 lakh crore

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Secular Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – seculartimes.com. The content will be deleted within 24 hours.

Leave a Comment