Jash Engineering Limited has announced its first-ever stock split, setting October 30, 2024, as the record date. As per the company’s exchange filing, the stock will be split in a 1:5 ratio, meaning each existing share with a face value of Rs 10 will be subdivided into 5 shares with a face value of Rs 2 each. This move is expected to improve the stock’s liquidity and make it more affordable to a broader base of investors.
Key Highlights:
- Last traded price: Rs 2,434 per share on BSE.
- 52-week high: Rs 2,640, reached on July 30, 2024.
- Market capitalization: Rs 3,045.55 crore.
- The company has declared 8 dividends since September 12, 2018, with the latest dividend being Rs 7.20 per share, which went ex-dividend on September 19, 2024.
- In terms of performance, the stock has gained 19% in the last month, 46% over the past six months, and 66% in the last year. Over the past three years, Jash Engineering shares have surged by 402%.
About the Company:
Founded in 1973, Jash Engineering Limited is involved in manufacturing a wide range of equipment for industries such as water and wastewater treatment, stormwater pumping stations, power, steel, cement, paper, petrochemicals, and fertilizers.
The stock split is an important development for investors, but it’s not an endorsement to buy, sell, or hold the stock. Investors are advised to consult with professional advisors before making any investment decisions.
Disclaimer: The information provided here is for informational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any stock. We have not conducted any detailed fundamental or technical analysis of the mentioned stock. Investors should perform their research and consult a qualified financial advisor before making any investment decisions. Neither the author nor any associated parties are liable for any financial losses that may arise from reliance on this information.
Leave a Reply